Welcome to the first market commentary on corn, soybeans and wheat markets in Ontario for Farmtario. Quick look: Drought in Argentina moving soymeal prices. Ongoing rains in Safrinha region in Brazil means delays in soybean harvest and corn planting. Drought in U.S. Southern Plains means trader concern over an expected corn acre decrease. The recent […] Read more
Tag Archives commodity markets — page 3
COMMENTARY: Exporting country weather means market variability
Stronger soymeal values due to Argentine drought has strengthened Ontario soy basis
Loonie’s boost for commodity prices likely limited in 2016
CNS Canada — The Canadian dollar has been steadily depreciating through 2015, sinking to an 11-year low relative to its U.S. counterpart as the end of the year creeps closer. Even if the loonie stays weak in 2016, however, two analysts expect the upside potential it brings to agricultural commodity markets has mostly run out. […] Read more
Cargill Q1 profit jumps despite commodities slump
Chicago | Reuters — Global commodities trader Cargill Inc. effectively navigated tumbling commodities markets and volatile currencies to turn in a 20 per cent gain in first-quarter profit, the privately held company said Wednesday. The Minnesota-based company’s grain and oilseed supply chain and energy businesses were standouts in the quarter ended Aug. 31, in stark […] Read more
U.S. regulators revise proposal on commodity position limits
Chicago | Reuters — U.S. derivatives regulators are revising their proposal to limit the positions that traders can hold in commodity markets to make it easier for some hedge funds and banks to keep large trades. The Commodity Futures Trading Commission wants to allow financial firms to count their market positions separately from subsidiaries if […] Read more
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