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Columnist Brian Wittal reviews late-2018 grain moves: dry Indian weather lifted Canadian pulse values, Australian drought cut exportable wheat, and US cold delayed winter wheat planting. He also notes China bought 41.5 million bushels of US soybeans under a 90-day truce and that cattle culling has eased feed prices.
Dry weather and reduced exportable wheat supplies support grain values, while Chinese purchases support soybean futures, although a stronger Canadian dollar offsets some gains.
grainews.caBrian WittalJan 10, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
