Insights and Stories on MGEX

Oct. 20, 2015 at 5:10 pm CDT

CNS Canada –– U.S. wheat futures may have corrected off of nearby lows, but the nearby path of least resistance remains pointed lower, according to a market analyst. “In the big picture, we have plenty of supplies and demand has been lacklustre,” said Randy Martinson of Progressive Ag at Fargo, […]

By Phil Franz-Warkentin

Aug. 24, 2015 at 3:33 pm CDT

Chicago | Reuters — U.S. soybean futures dropped to their lowest levels in over six years on Monday and soyoil touched a nine-year low as concerns about China’s faltering economy fuelled selloffs in commodities and equities markets. Broad selling pressured markets early as investors rushed for the exits after stock […]

By Tom Polansek

Jul. 3, 2015 at 12:31 am CDT

CNS Canada –– U.S. wheat futures posted solid gains over the month of June but appear to be stalling out in the early days of July as the market looks for more fresh supportive news. “The bull needs to be fed every day, and right now it’s not getting anything […]

By Phil Franz-Warkentin

Jun. 29, 2015 at 6:52 pm CDT

CNS Canada — Cash bids for Prairie wheat were up sharply during the week ended Friday, as weather worries in North America resulted in improved basis levels and pushed U.S. futures sharply higher. Parts of Western Canada are too dry, harming production, while excess moisture in the U.S. is increasing […]

By Terryn Shiells

Jun. 15, 2015 at 7:47 pm CDT

CNS Canada — Cash bids for Canadian wheat dropped during the week ended Friday, as the combination of a rising Canadian dollar and dropping U.S. futures weighed on prices across the Prairies. Average Canada Western Red Spring (CWRS) wheat prices were C$12-$16 per tonne lower, with bids ranging from about […]

By Phil Franz-Warkentin