While farmers are planting record numbers of crops to compensate for last year’s drought, and to profit from high prices, the grains are getting off to a bad start thanks to the weather. The coldest start ever to the wheat-growing season in Kansas and freezing weather across the southern Great Plains are compounding damage to [...]
Grains Market Update: Soybeans at Multi-Week High; Corn and Wheat Trend Higher
April 18, 2013 By
With the metal’s markets taking all the attention this week, the grains have faded into the background. Here is an update of what has been moving these markets lately. Soybean Futures Soybean futures rose to a three-week high on Wednesday, as logistical challenges in South America may drive more purchases by China (the world’s top [...]
Wheat Market Recap 2012
December 12, 2012 By
Wheat prices were fairly steady through almost the first half of the year; they started to rally in May as hot dry weather started to damage crops in the U.S. and Russia. While Global supplies of wheat were plentiful, traders grew concerned that the heat wave would deteriorate crops. This weather-induced rally continued and peaked [...]
Soft Commodities Prices October
November 4, 2012 By
Here is how some of the soft commodities and grains performed this month. Soybeans- Slipped below $15 a bushel in CBOT trading this month over concerns that the demand for U.S. soybeans is decreasing. This was the first time soybeans had slipped below $15 a bushel since July. Hedge Fund managers decreased their bets on [...]
Soft Commodities News: Corn, Wheat Fall to Multi-Month Lows
September 27, 2012 By
Corn futures fell for a fourth straight day and to a three-month low on technical liquidation ahead of the U.S. government’s grain stocks report scheduled for release this Friday. Adding more downside pressure, The U.S. Department of Agriculture reported net corn export sales last week of just 400 tonnes, the lowest weekly total in over [...]
Monthly Recap: Wheat Prices June
July 2, 2012 By
(July 2, 2012) Wheat prices rallied in June to a 9 ½ month high, climbing from around $6.27 a bushel all the way to $7.57 a bushel on June 29th. The rally in wheat prices was most aggressive toward the end of the month as hot-dry weather took its toll on crops. Wheat crops around [...]
Agriculture in Canada: An Investor’s Guide
June 19, 2012 By
(June 19 2012- GEOnomic Investing) The agri-business sector is one of Canada’s top five industries, and accounts for approximately 8.5% of GDP. Canada is a major producer agriculture products, wheat, barely, and canola, and a minor producer of rice, corn, and soybeans. Canada’s largest agriculture crops in order are: grains and oilseeds (34%) wheat, durum, [...]
Commodity Market Prices: Wheat January 2012
February 1, 2012 By
Wheat prices ended the month at $6.6675 a bushel, compared to $6.58 on January 3rd; however, prices were not stable during the month. Wheat futures were on a downward trend the first half of the month, minus one brief bounce, and then slowly staged a recovery. Wheat’s direction, the first half of the month, was dictated by [...]