There are times when certain markets become cheap while others become expensive. Eventually, these extreme market positions almost always swing to the opposite direction.
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Markets/Business
Several market relationships are out of kilter
We take a look at why extreme positions are being taken in three specific commodity markets and why it matters
U.S. livestock: Feeder cattle hit record high on tight supply, strong cash prices
Chicago | Reuters – Chicago Mercantile Exchange feeder cattle futures scaled to a record high on Wednesday on strong cash market prices and tight supplies as the U.S. border remains […] Read more
U.S. grains: Soybeans gain on lackluster harvest sales, lower yield outlook
Chicago | Reuters – U.S. soybean futures rose for a second straight day on Wednesday on expectations that U.S. harvest yields will be lower than the latest government forecast and […] Read more
ICE Canada Weekly: Canola poised to slip below C$600/tonne
Look for November canola to slip below C$600 per tonne by the end of Thanksgiving week, said Phil Speiss, trader with RBC Dominion Securities in Winnipeg.
CBOT weekly: Soybeans/corn showing strength amidst harvest
Corn and soybean futures at the Chicago Board of Trade were showing some strength during the first week of October, despite seasonal harvest pressure keeping a lid on the upside.
U.S. livestock: Cattle futures gain on higher beef values, tight supplies
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures climbed for a third straight session on Tuesday, propelled by rising beef prices and strong gains in the feeder cattle […] Read more
U.S. grains: Soybeans tick up as market weighs crops, U.S.-China ties
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U.S. soybean futures firmed on Tuesday on technical and seasonal buying after two sessions of losses, as traders monitored U.S. harvesting, Brazilian planting progress and updates on trade negotiations with China and a U.S. farmer bailout package.
U.S. grains: Soybeans tick up as market weighs crops, U.S.-China ties
U.S. soybean futures firmed on Tuesday on technical and seasonal buying after two sessions of losses, as traders monitored U.S. harvesting, Brazilian planting progress and updates on trade negotiations with China and a U.S. farmer bailout package.
‘Nothing bullish’ for sliding oats market
Oats futures at the Chicago Board of Trade have trended steadily lower for the past three months, with cash bids in Western Canada seeing a similar trend.
Klassen: Highs in place for the feeder market
For the week ending October 4, Western Canadian grass yearling markets traded steady to $5-$8/cwt lower on average compared to seven days earlier. Backgrounded yearlings were down $5-$12/cwt. Calf markets […] Read more