Insights and Stories of David Drozd

Dec. 24, 2013 at 1:25 pm CST

One year ago, the Canadian dollar was at par with the U.S. dollar. This year the loonie is only worth 94 cents to the U.S. dollar. Although the weak Canadian dollar makes vacationing in the southern U.S. more expensive, the lower Canadian dollar is supportive to Canadian grain prices. In […]

By David Drozd

Dec. 6, 2013 at 12:09 pm CST

Wheat prices have been drifting lower for the past five weeks, taking back the 65-cent gain experienced during the seasonal rally into October. Spring wheat futures prices at the Minneapolis Grain Exchange (MGEX) have slid to a three year low of US$6.9325 per bushel, a price not seen since October […]

By David Drozd

Nov. 10, 2013 at 5:36 pm CST

Corn on the nearby weekly futures contract has lost 50 per cent of its value since rallying to a record high of $8.43 3/4 in August 2012. Cash prices are closer to $3.50 per bushel — a price not seen since July 2010. Pressuring the market is the U.S. Department […]

By David Drozd

Oct. 8, 2013 at 2:12 pm CDT

The price of canola on the nearby weekly futures contract has declined $178 per tonne or the equivalent of $4 per bushel since May 2013. With basis levels deteriorating, cash prices have fallen further — as much as $5 per bushel. Tight ending stocks at the end of the 2012-13 […]

By David Drozd

Sep. 4, 2013 at 5:50 pm CDT

Nearby lean hog futures prices have declined 18 per cent since mid-August. The Labour Day weekend traditionally signifies an end to the summer barbecue season, and with packers having satisfied their short-term needs, the resulting reduction in demand is partially responsible for the seasonal downturn in prices. Also weighing on […]

By David Drozd