Reading Time: 2 minutes June 11 — The U.S. financial markets have found some renewed interest today. The U.S. dollar was down, the Canadian dollar was up almost a full cent and crude oil was also up. The Dow Jones June quote closed up 56 points today at 8,810, while the Canadian dollar closed up 0.98 cents at US91.11 […] Read more
Wittal: Farmers hang onto old-crop stocks
Wittal: USDA sees ample wheat stocks
Reading Time: 2 minutes June 10 — The U.S. financial markets continue to lose momentum slowly as little new news comes out to help markets push forward. The Dow Jones June quote closed down 27 points today at 8,715, while the Canadian dollar closed down 0.78 cents at US90.13 cents. Crude oil finished up $1.32, closing at US$71.33 per […] Read more
Wittal: USDA report expected bullish on corn, beans
Reading Time: 2 minutes June 9 — U.S. financial markets were mixed again today but the U.S. dollar fell over a full cent, which certainly brought some interest back into the grains from a buyer’s perspective. The Canadian dollar closed up 1.46 cents at US90.91 cents today. This held canola back from making any gains even though a loss […] Read more
Wittal: Pressure continues on wheat
Reading Time: < 1 minute June 8 — U.S. financial markets were mixed today with limited movement as the U.S. dollar continues to rise. The Canadian dollar closed up 0.04 cents at US89.45 cents today. The Dow Jones June quote closed down 14 points today, at 8,755. Crude oil finished down 72 cents, closing at US$68.09 per barrel. Corn finished […] Read more
Wittal: U.S. bean buying may support oilseeds
Reading Time: 2 minutes REVISED, June 5 — The U.S. dollar jumped up strong on better-than-expected employment figures released today. Financial and energy markets held steady to finish the week. The Canadian dollar closed 1.76 cents lower at US89.41 cents today — down two cents for the week. The Dow Jones June quote closed up 39 points today, at […] Read more
Wittal: Traders on weekend weather watch
Reading Time: 2 minutes June 4 — Financial markets and energy markets rebounded today and helped to establish a positive mood for the rest of the markets to follow. The weather for the coming weekend is seen as mixed and helped to support grains and allowed them to regain some of yesterday’s heavy losses that most traders felt were […] Read more
Wittal: Rising U.S. dollar pressures grain futures
Reading Time: 2 minutes June 3 — Financial markets were under pressure in overnight trade and it carried on into the day trade. The U.S. dollar was up almost a full cent and this put pressure on grain futures and led to some large limit-down losses. Profit-taking was very evident as funds decided to take the money and run. […] Read more
Wittal: Grain markets fend off profit-taking
Reading Time: 2 minutes Our online grain markets columnist Brian Wittal welcomes feedback and information on market conditions in your area, such as current offering prices, basis levels, trucking premiums and special crops contracts. Contact Brian today. June 2 — Financial markets were quiet today with limited activity but at least they were able to stay on the positive […] Read more
Wittal: Fund money driving futures values further
Reading Time: 2 minutes Our online grain markets columnist Brian Wittal welcomes feedback and information on market conditions in your area, such as current offering prices, basis levels, trucking premiums and special crops contracts. Contact Brian today. June 1 — Financial markets showed some strength today and ended with solid gains. The Canadian dollar closed another four-tenths of a […] Read more
Wittal: Dollar keeps rising
Reading Time: 3 minutes Our online grain markets columnist Brian Wittal welcomes feedback and information on market conditions in your area, such as current offering prices, basis levels, trucking premiums and special crops contracts. Contact Brian today. May 29 — Financial markets regained some more of this week’s earlier losses today, due in part to the slumping U.S. dollar […] Read more
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