Insights and Stories of Glen Hallick - MarketsFarm

Aug. 31, 2022 at 3:17 pm CDT

MarketsFarm — Enormous canola crush margins will lead to increased demand for the Canadian oilseed, according to MarketsFarm’s director of markets and weather Bruce Burnett. As of Tuesday, the nearby November-October margins were estimated at $215.51 per tonne, while the same position for November-October 2023 now stands at $124.48/tonne. This […]

By Glen Hallick - MarketsFarm

Aug. 24, 2022 at 5:09 pm CDT

MarketsFarm — There has been about a one-month gap in between Statistics Canada having gathered its data for next week’s principal crops report and actually releasing the report. That’s something trader Ken Ball of PI Financial in Winnipeg finds irksome. “They’re using computer models of some kind. You would think […]

By Glen Hallick - MarketsFarm

Aug. 17, 2022 at 6:19 pm CDT

MarketsFarm — A huge drop in canola prices could be looming, according to analyst Wayne Palmer of Exceed Grain in Winnipeg. Palmer pointed to Prairie farmers and said, “I think they are undersold.” He surmised too many farmers have held off from selling their canola, in hopes of getting a […]

By Glen Hallick - MarketsFarm

Jul. 28, 2022 at 9:12 am CDT

MarketsFarm – As prices fall back, an analyst said it’s very common for there to be occasional spike upwards, and that’s exactly what’s been happening to canola. “We’ve come down a long way and having a bit of a rally wouldn’t be unusual,” commented analyst David Derwin of PI Financial […]

By Glen Hallick - MarketsFarm

Jul. 21, 2022 at 10:59 am CDT

MarketsFarm — As soybeans and corn trend downward on the Chicago Board of Trade, wheat is poised to climb higher, according to Andrew Mages, analyst with Progressive Ag at Fargo, N.D. The weather outlook has called for scattered showers over the next couple of weeks, which will impact crops in […]

By Glen Hallick - MarketsFarm