Insights and Stories of Glen Hallick - MarketsFarm

May. 15, 2019 at 4:33 pm CDT

MarketsFarm — A combination of three factors have contributed to the bounce in prices at the Chicago Board of Trade, according to Rich Feltes of R.J. O’Brien in Chicago. “It’s the convergence of the middle of May, which is a critical time and the confirmation that planting is not only […]

By Glen Hallick - MarketsFarm

May. 8, 2019 at 8:19 pm CDT

MarketsFarm — There wasn’t much available to sustain a bounce in canola prices, from where David Derwin sits. “It’s really tough to say. We had canola drop so much over the last couple of months and sometimes it’s ‘buy the rumour, sell the fact,’” said Derwin, a commodities portfolio manager […]

By Glen Hallick - MarketsFarm

May. 2, 2019 at 7:55 pm CDT

MarketsFarm — At this time soybean acres in Canada have been projected to be down this year for a few reasons — not only because of trade issues with China, but also due to back-to-back dry years and declining prices. Statistics Canada’s 2019-20 principal field crop acreage report, released April […]

By Glen Hallick - MarketsFarm

May. 1, 2019 at 4:31 pm CDT

MarketsFarm — Forecasts calling for more precipitation in the U.S. and trade talks with China are having powerful effects on prices at the Chicago Board of Trade this week from where one analyst sits. Steve Georgy of Allendale Inc. in McHenry, Ill. said the forecast has been driving soybean prices […]

By Glen Hallick - MarketsFarm

Apr. 30, 2019 at 9:18 pm CDT

Corrected, May 1 — MarketsFarm — Canadian farmers have been projected to plant fewer acres of pulses, according to Statistics Canada. “Keeping in mind this is the seeding intentions report based on a survey of growers from the beginning of March. It’s as current as the day it was collected,” […]

By Glen Hallick - MarketsFarm