Prairie Crop Charts
Oilseeds
   Information is secured from sources believed to be reliable, but 100% accuracy cannot be guaranteed. For analytical purposes, some price data for illiquid markets may be  interpolated.    Persons associated with Canadagrain.com deal commercially with businesses active in Prairie grain markets and may hold positions on their own accounts in commodities discussed herein.    Prairie Crop Charts does not provide specific marketing advice or advice on trading opinions on futures and option contracts.
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Home Grains Oilseeds Pulses Other Crops Special Studies Archive Contact Canadagrain Need a Speaker?     If your club, event or association needs a speaker, ask me.    As an analyst and the author of Prairie Crop Charts, I can go beyond broad market commentary to tailor my presentation to feature crops of special interest to you and your audience.    Give me a call! Harold AGJ Davis (204) 479-4637 weekdays 8:30AM to 3:00PM central time Place Your Ad Here  4,000 unique viewers visit our site about twice a month and read an average of three pages.  Our visitors have crop pricing, marketing and agri-business foremost on their minds.  Why didnít they see your companyís name and contact information?   Call 204-942-1459.
Your Ad can be connected to a crop of your choosing. 4,000 unique viewers visit our site about twice a month and read an average of three pages. Our visitors have crop pricing, marketing and agri-business foremost on their minds. Why didnít they see your companyís name and contact information?  Call 204-942-1459. February 26, 2014 Sunflower
Chart analysis and commentary by Harold AGJ Davis
Sunflowers: This bear looks dead   Sunflower Oilseed prices have been in a decelerating bear market since the summer of 2011. That is a long time and, now that momentum has rolled sideways, selling pressure looks exhausted. Sunflowers have moved into neutral.   Looking forward, diminished selling pressure should allow prices to rally more on good news while sell-offs on negative events may be less severe. One consequence of two-way trading may be the break of the downtrend line in the months ahead. If and when that happens, Sunflower Oilseeds may progress towards the beginnings of a new bull market.
April 08, 2014 Canola
Chart analysis and commentary by Harold AGJ Davis
Canola: This advance has more potential   In recent weeks, average delivered elevator Canola prices have stalled, but the target of $10.50+/bu by Victoria Day still stands.   First, note that Saskatchewan Canola is trading about CDN$1.30/bu under North Dakota elevator prices. This is an important reality check.   Second, current Saskatchewan Canola prices are well below the 5 and 9yr Averages at a time when the seasonal tendency  is  strong.   Finally, WCE nearby futures prices might be tracing out a diamond”. This formation is notoriously tricky and volatile. However, on balance, diamonds are continuation patterns and any futures strength could help pull elevator prices higher.   In brief, remain positive!
April 09, 2014 Flax
Chart analysis and commentary by Harold AGJ Davis
Flaxseed: Prospects for improvement, but limited   A quick comparison between Flaxseed prices in North Dakota and Saskatchewan offers both a trucking opportunity and some hope for Canadian prospects. However, before getting too excited, remember that North Dakota prices might not be so buoyant if Saskatchewan Flaxseed was making it out to the broader market. The truth might be somewhere in the middle.   Looking forward, the relative Value Ratio suggests that Flaxseed is still expensive compared to Canola (131%), and this could encourage unusually large 2014 Flaxseed acreage. Moreover, there could be significant overhead resistance 
selling of old crop supplies in the $13-$14/bu range because current levels make Flaxseed one of very few Prairie commodities trading above its 5 and 9 Year Avg Prices.
April 10, 2014 Soybeans [Manitoba]
Chart analysis and commentary by Harold AGJ Davis
Soybeans: Got a truck?   The announced preference for east-west rail traffic over north-south is probably contributing to ongoing erosion in the Manitoba Soybean Basis to current levels near CDN$4.65/bu under CBOT nearby futures expressed in Canadian dollars. This is more than $3/bu below the 5 year average.   These days, Manitoba farmers trucking Soybeans across the border into North Dakota may improve their price, but North Dakota Soybean prices are not keeping pace with Chicago either. US elevators are also reporting rail car shortages and it seems that they have to cope with their own version of the logistical nightmare.   If you are marketing, consult the internet and phone around. For others, the April-June period is typically a period of seasonal strength but actual improvement may require an end to the east-west preference.
April 14, 2014 Mustard
Chart analysis and commentary by Harold AGJ Davis
Mustards: Acreage competitors are gaining   In recent months, average delivered elevator prices for various Mustards have held up well in the face of broad market weakness in the grains and oilseeds. This lead to some speculation that the Mustards might attract a lot more acreage in 2014. However, it should be noted that crops like Canola and Flaxseed with rough price correlations to the Mustards have recently been in recovery mode. The result is that Mustard prices are not as overwhelmingly attractive as they were a few short months ago, and some farmers might reconsider their intentions.   Recent minor upticks in Yellow and Brown Mustard look like they will hold while Oriental has some catching up to do. Brown Mustard new crop prices down at $0.275/lb (not shown) may need to be revised too.
Oilseeds