NEWS
Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Thu Apr 10, 2014 04:58 PM CDT

Since reaching the $6.25 per bushel low in January, December Minneapolis red spring wheat gained $1.45/bu to reach a high of $7.70/bu in late March, although five tests of this price level prevented a further move higher.

Prices have since traded sideways in a range between the March 31 high of $7.55/bu and the April 4 low of $7.27 3/4/bu, while further bound by the support of the contract's 200-day moving average, which is seen on the chart as the gently downward-sloping red line.

Thursday's trade saw a 12 cent move lower in the December, breaking below the sideways range ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Cattle Market There may be a little less bull in this fall's calf market, but the fundamentals still spell oppo...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 2 Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time th...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl answers readers' questions on depreciation recapture, defining a "true" lease and ...
  • Ask the Vet Does my calf have a hernia and is it repairable?
Related News Stories
Sask. Crop Report
Canada Markets
Canada Markets
Manitoba Crop Report
Canada Markets
Canada Markets
Alberta Crop Report
Canada Markets
Sask. Crop Report
Lower CWB Pool Return Outlook