Political tensions between Russia and Ukraine is spilling over into the grain markets. SaskWheat analyst Marlene Boersch of Mercantile Consulting says concerns about supply disruptions from Russia and Ukraine prompted some price hikes. Both are major wheat exporters. She says the main question the markets are asking, “will this be Putin’s final objective, and how […]
Grain prices were mixed this holiday-shortened week. P.I. Financial commodity futures advisor Adam Pukalo says canola gained 70 dollars a ton while spring wheat was down 30 cents a bushel this week. He says long term trends look positive, although there may be some volatility in the short term. Pukalo says Minneapolis spring wheat futures […]
The latest outlook from SaskWheat says there is a lot of attention on the spring wheat outlook compared to medium and soft wheats. Price spreads between classes of wheat have changed substantially. For example, the spread between Chicago wheat and Minneapolis spring wheat has moved from minus 11 cents per bushel in January to […]
Grain markets were on the rise again this past week. Commodity futures advisor with P.I. Financial, Adam Pukalo, says wheat gained 45 cents a bushel this week while November canola was up about 18 dollars per metric ton. He says Thursday was a strong day for grain markets with with canola gaining 27 dollars a […]
A grain market analyst says a drop in Palm oil prices of 10 to 15 percent in recent weeks has forced canola prices downward. Errol Anderson of Pro market communications in Calgary believes it is tied to reduced demand from China. Some analysts also feel harvest in Brazil and improved weather conditions in parts of […]
Grain markets had a jump in price last week as the world grapples with the COVID-19 outbreak. Commodity futures adviser with P.I. Financial in Regina Adam Pukalo says canola rose $20 a ton and wheat jumped 20-40¢ a bushel last week. Pukalo says the upward price move reflects an easing of trade tensions between the […]
Concerns over the covid-19 virus continue to affect grain markets. Canola futures are down about 10 dollars a ton during the past day or so. Ken Ball with P.I. Financial in Winnipeg says traders are taking a wait and see approach to the economic crunch from the coronavirus. Ball doesn’t see the same collapse […]
There are some concerns about the impact of the coronavirus outbreak on Saskatchewan farm exports. Grain market analyst Errol Anderson with Pro-Market Communications says ocean freight rates for bulk commodities like grain have collapsed 90 percent in recent months. He says China consumes half of many of the world’s global commodities. He says grain traders […]
A market analyst says there is a lot of price uncertainty as farmers prepare to harvest the 2019 crop in Saskatchewan. FarmLink Marketing Solutions senior analyst Neil Townsend advises farmers to be patient when selling wheat because there are a lot of trade concerns. Townsend says a good target price for wheat is 6 dollars […]
