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Fertilizer Stocks Rally As Israel Conflict Creates Potential Supply Disruption
Monday, October 9, 2023 - 5:09pm | 414Amidst escalating tensions in Israel, fertilizer companies are witnessing a surge in their stock prices, driven by concerns over global nutrient supplies essential for food crops. The Impact of The Crisis: The recent surprise attack by Hamas on Israel has thrust the Port of Ashdod, a critical...
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Canadian Grain Shippers, Railroads Brace For Lower Grain Volumes
Monday, August 16, 2021 - 4:24pm | 1595Canadian grain shippers expect rail service to match demand this crop year, although lingering service issues from summer wildfires plus broader network capacity concerns are also on their minds. Grain stakeholders anticipate lower volumes this crop year, which runs from Aug. 1 to July 31, 2022,...
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USDA Shares Forecasts For Grain And Farm Exports
Friday, May 28, 2021 - 10:37am | 1257U.S. grain volumes have been a bright spot for the railroads, with higher volumes reflecting export demand. Indeed, grain carloads were up 23.2% year-to-date to 509,364 as of last Saturday, according to the Association of American Railroads (AAR). Since September, grain rail carloads have...
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Rice Prices At Highest Levels Since 2013
Wednesday, April 8, 2020 - 10:50am | 291Rice and wheat prices are rising during the coronavirus pandemic. Rice Jumps In Price Despite Ample Supply Labor scarcity, export disruptions, panic consumer buying and crop worries from lockdowns in North America and Europe have led to price movements in rice and wheat, resulting in higher...
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Greenbrier Unveils New Covered Hoppers For Grain Shipments
Monday, September 9, 2019 - 4:34pm | 434Railcar manufacturer Greenbrier (NYSE: GBX) is unveiling a newly-designed covered hopper railcar that will enable faster grain discharges. The covered hopper will use a patent-pending "Tsunami Gate," which is a door-and-hatch system that Greenbrier said will allow shippers to customize the...
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Canadian National Sees "Record Pace" For Grain And Announces Investment In Export Network
Tuesday, July 2, 2019 - 12:01pm | 481Canadian National (NYSE: CNI) announced that its western Canadian grain shipments exceeded 2.3 million metric tons in June, 15.6 percent higher year-over-year and well ahead of the three-year average of 1.8 million metric tons. From the press release, "The cumulative total of tonnage moved for the...
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Commentary: Moving Grain Is A Major Market For U.S. And Canadian Railroads
Monday, July 1, 2019 - 4:08pm | 1437FreightWaves features commentary from Market Voices – contributors with unique knowledge of numerous transportation/logistics/supply chain sectors, as well as other critical expertise. The transportation of grains is a large volume and profitable business sector for railroads in the U.S. and...
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Hot Commodities: BYND Meat Madness
Friday, May 10, 2019 - 9:50am | 834April Hemp Pricing Report The PanXchange April hemp pricing report is out, you can find the full report here. We will also begin onboarding clients to the physical trading platform in the coming weeks. Interested parties please visit our hemp trading page for more information. Beyond Meat Mania...
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US-China Trade Uncertainty Weighs On Grain Volumes
Friday, May 3, 2019 - 11:21am | 823The uncertainty over whether and when the U.S. and China will reach a trade agreement this year is creating a cloudy outlook for grain volumes this fall. "We expect uncertainty to persist in the grain market due to the foreign tariffs," said Kenny Rocker, Union Pacific (NYSE: UNP)...
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Bullishness On FMC 'Makes Sense,' BMO Capital Markets Says In Upgrade
Thursday, April 12, 2018 - 4:08pm | 376Increased exposure to agriculture stocks like FMC Corp (NYSE: FMC) simply "makes sense" after the sentiment surrounding the sector likely troughed — albeit against depressed levels, according to BMO Capital Markets. The Analyst BMO's Joel Jackson upgraded FMC from...
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A Compelling Idea Among Commodities
Tuesday, October 4, 2016 - 9:03am | 403When it comes to commodities, plenty of investors are familiar with gold and oil, but there are times when other, less heralded commodities outperform bullion and crude. Of course, knowing when a particular commodity will fall out of favor and when it will be a leader is difficult. So there are...
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Market Wrap For Tuesday, September 10: Once Again, China Moves Markets Higher
Tuesday, September 10, 2013 - 4:22pm | 718The day kicked off higher and continued to dive forward, marking the sixth straight day of gains. After struggling in August, the equities have recovered almost all lost value. Major Indexes The Dow rose 127.86 points, or 0.85 percent to close at 15,190.98. The S&P 500 added 12.28...
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Grain Market Analysis from Jim Wyckoff
Wednesday, October 5, 2011 - 7:45am | 1081GRAINS: December corn futures closed down 7 1/2 cents at $5.85 1/4 today. Prices closed near mid-range and closed at a fresh 6.5-month low close today. The key "outside markets" were again bearish for the corn market today as crude oil and the U.S. stock indexes were lower, while the U.S. dollar...
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Grain Futures – Weekly Review: September 26-30
Sunday, October 2, 2011 - 12:01am | 573By ForexMansion.com Forexpros – Corn futures plunged to a nine-month low on Friday, while wheat and soybean futures also tumbled to multi-month lows after a government report showed larger U.S. inventories than forecast, easing concerns over tightening global supplies. On the Chicago Mercantile...
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Grain Market Analysis from Jim Wyckoff
Wednesday, September 28, 2011 - 7:45am | 956GRAINS: December corn futures closed up 2 3/4 cents at $6.50 3/4 today. Prices closed nearer the session low today. Tepid short covering was seen today, following recent selling pressure. Near-term technical damage has been inflicted in corn recently as a steep four-week-old downtrend is still in...