Reading Time: 3 minutes Aug. 18 — Financial markets did a bit of a turnaround today and showed positive gains at day’s end. Grains struggled for the most part but beans and corn were able to end with small gains while wheat ended up down slightly. The U.S. dollar is down a quarter of a cent today. The Canadian […] Read more
Wittal: Let’s look at the value of straw
Wittal: Livestock feeders biding their time
Reading Time: 2 minutes Aug. 17 –– Financial markets were in a net loss position from the start of trade and stayed there for the day. European and Asian markets were down in overnight trade, as was crude oil, so U.S. markets followed the line of least resistance: Down. The U.S. dollar is up four-10ths of a cent today. […] Read more
Wittal: How to use the CWB EPO program wisely
Reading Time: 2 minutes There are two reasons to use the EPO program. To lock in a floor price based on the current PRO The main reason to use this strategy would be because you are concerned that world wheat prices are going to continue to fall and you want to lock in a floor price to protect yourself […] Read more
Brian Wittal’s daily market report
Reading Time: 2 minutes All markets were rather quiet today as no real news of any relevance was reported to push markets either way so for the most part they drifted lower, because going down is always easier than going up. The US dollar fell another three-quarters of a cent today. The Canadian dollar finished up .0016 points […] Read more
Wittal: Loonie holds back canola futures
Reading Time: 2 minutes July 31 –– Equity markets started off in a positive mood and ended the day with some nice gains. The U.S. dollar fell over a full cent today. The Canadian dollar, meanwhile, finished the week up closing at US92.7 cents, up 0.12 cents from last week. The Dow Jones September quote closed up 30 points […] Read more
Wittal: Bean sale to China buoys crop markets
Reading Time: 3 minutes July 30 –– Equity markets showed a strong start again today and fell off somewhat, but still ended with positive gains for the day. The U.S. dollar fell just over a quarter of a cent today. The Canadian dollar climbed up just over a third of a cent (0.38 cents) to close at US92.25 cents. […] Read more
Wittal: Pressure will continue on canola
Reading Time: 2 minutes July 29 — Equity markets started off good but soon turned negative as the U.S. dollar found some strength and traded up over half a cent today. The Canadian dollar dropped back 0.917 cents to close at US91.7 cents. The Dow Jones September quote closed down five points at 9,045. Crude oil closed down $3.88 […] Read more
Wittal: Beans rally on reports from China
Reading Time: 2 minutes July 28 –– North American equity markets started off slow. and when a U.S. report came out that showed consumer confidence declining month over month. the equities soon fell into negative territory, as no one was in the mood for taking on further risk. The Canadian dollar continued its climb this morning, up about a […] Read more
Wittal: Palm, bean oil futures pressure canola
Reading Time: 2 minutes July 27 — Financial markets were very quiet today, with limited trading happening, which kept values even to up slightly. The Canadian dollar continued its climb with a gain of 0.17 cents to close at US92.51 cents. The Dow Jones September quote closed up 12 points at 9,070. Crude oil closed up 33 cents a […] Read more
Wittal: Canola basis levels show opportunity
Reading Time: 2 minutes July 24 –– Financial markets were steady to up slightly today. Trade was again very quiet, as traders may have taken a long lunch or are starting the weekend early. The Canadian dollar continued its climb with a gain of 0.36 cents to close at US92.28 cents. This is up two cents over last week’s […] Read more
A message from April Stewart, Country Guide's Associate Editor
