NEWS
Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Tue Jan 21, 2014 05:01 PM CST

Tight stocks of protein wheat in the U.S. cash markets in recent weeks have resulted in upward pressure in the nearby March future in relation to the more distant May future. The March/May spread narrowed from a carry of minus 11 cents on Dec. 13 (March future trading under the May future), its weakest spread seen since the week of Nov. 26, 2012, to a high of 2 3/4 cents inverse (March above the May) on Jan. 17. Behind this move was a squeeze on stocks in the United States cash markets, with Canadian logistical issues undoubtedly implicated.

The narrowing ...

Quick View
  • Is Your Burndown Working? A cool, wet spring and the spread of herbicide-resistant weeds mean farmers should take the extra...
  • Gains on Covers It took Jerry Doan several years and a lot of trials, but the North Dakota beef producer has lear...
  • Side-by-Sides and Cool Helmets Side-by-side manufactures continue to roll out new machines and machine updates. Here are two more.
  • Stress Test for Borrowers Farm finances rate an "A" now, but economists debate if that's good enough to handle a major corr...
  • Senators Question EPA A group of U.S. senators Wednesday told President Barack Obama that his administration has not fo...
  • Climate Work Ahead at USDA Ag Secretary Tom Vilsack spoke about GOP complaints regarding the Obama administration's work wit...
  • Full-Circle Farming Bill Couser sees farming as a full circle. If it comes off the farm, it can go back into the farm.
  • Making the Grade What if corn isn't cheap the next five years? Fickle price projections can sway farm bill choices.
  • Ask the Vet What's my best bet for fly control?
Related News Stories
Interswitching Criticized
Canada's Grain Transport Conundrum
Railcar Shortage Complicated