Sept. 1 — Global equity markets continued to struggle overnight, which pulled the Dow Jones sharply lower, and that started a cascading effect in most U.S. markets today as non-commercial traders (speculators) got nervous and started to liquidate positions in most markets, making the losses even greater. Crude oil continued to fall, and that then […] Read more
Wittal: CWB discontinues 80 per cent EPO
Wittal: Consider your options ahead of frost
Aug. 25 — U.S. financial markets showed some renewed life today, bolstered by a report that showed consumer confidence increased more than expected in August, and a U.S. housing data report also showed better numbers, which most believe are signs that the U.S. economy is starting to improve. This provided support for the U.S. dollar […] Read more
Wittal: Feed barley values slip
Aug. 24 — Financial markets started off with a bang today but fell off of the highs as the day went on, to finish with small gains at the close. Economic news released by Statistics Canada today showed retail sales for June were up one per cent over the previous month, which was higher than […] Read more
Wittal: Look north, not south, for feed grain markets
Aug. 20 –– Markets were rather quiet today with very little trade happening. Financial markets are up ever so slightly on very thin trading volumes as well. Grains struggled along again today, with no real direction or news to prompt any real trading action. Weekly export sales numbers for corn were above expectations and beans […] Read more
Wittal: Loonie holds back canola futures
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
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
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
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
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
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