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A big corn rally, soybean strength, canola's enormous crush and continued harvest delays. Also, cattle and diesel, because, why not!
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Harvest delay's, bullish soybean meal, hawkish FED. Never a dull moment in the grain industry. Want more? Subscribe to our premium reports! $99/month. Try for 30-days for FREE!www.grainmarkets.ca/subscribe
A lot is going on in the world today. Diesel prices are causing major concerns inside and outside of agriculture circles. Canada has almost crushed 1.8 million tonnes of canola already, and wheat has given back about half of its gains.
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Big video for you today, Gains in grain and oilseed markets are being seen after taking a breather yesterday. Canola is back to $840, wheat has rallied from yesterday's lows. The corn liquidation seems to have stopped and soybeans push to new highs. Also in the episode:Canadian stocks fundamentalsUS Wheat DroughtGet a 30-day free trial to our premium reports here:www.grainmarkets.ca/30daytrial
Statistics Canada released it's S&D and stocks data today. What did they get right and what did they get wrong? Corn continues to see some long liquidation buy soybeans are resilient. Wheat doesn't know what to do with Russia/Ukraine.Get a 30-day FREE TRIAL of our reports here:www.grainmarkets.ca/30daytrial
War escalations in the Middle East are expanding supply issues for crude oil and diesel. Peace talks in Russia/Ukraine did not result in peace. Canola is bullish even without the influence of soybean oil and wheat saw gains that...may not have resulted in much. Here is a link to the 30-day free trial of our Premium Subscription!www.grainmarkets.ca/30daytrial
Wheat fell into the open this morning on talks that Russia and Ukraine were seeking peace. We are skeptical. Markets erased some of those losses and oilseeds ended the day higher. The Japanese Yen and Canadian dollar both rallied on high inflation and talk of higher rates. Cattle traders take profits and prices rallied. If you are not subscribed to our premium content, do so here!:www.grainmarkets.ca/subscribe
Today we saw big gains that pushed some commodities to new contract highs. Canola outperformed the rest of the grain complex. What is driving that? The EPA, Russia & Iran are all a part of it. Subscribe to our premium reports to get access to all our content (we only share a small amount here on YouTube)www.grainmarkets.ca/subscribeGet 10-day free trial with this link:https://buy.stripe.com/bJe28r0A9cLg81r8ni6Vq05
Today we go through the small wheat correction and it's links to Russia / Ukraine. Trump and the EPA are riling up biofuel markets and energy CEO's. Interest rate hikes are on the table.Subscribe to our premium reports here: www.grainmarkets.ca/subscribeIf you want a 10-day free trial, comment below and I'll share the link!
A great end to the week in grain and oilseed markets with wheat, soybeans, and corn continuing to push to new highs. One day left of trading for the month of August, how far can this rally go?To become a premium report subscriber, click here!www.grainmarkets.ca/subscribe
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