Market Matters Blog

Money managers seem reluctant to abandon their heavily net-short canola position, according to recent data from the Commodity Futures Trading Commission.

The last tow leaving St. Paul, Minnesota, on Dec. 1 put an end to the 2024 shipping season on the far Upper Mississippi River. In the meantime, levels on the Lower Mississippi River are falling again.

DTN's weekly average spot price for domestic distillers dried grains is higher versus two weeks ago.

A final canola production estimate from Statistics Canada of 17.845 mmt should put the unsustainable pace of canola exports and domestic use back into focus. Other crops have increased breathing room.

Just as renewed contract talks began between International Longshoremen's Association and United States Maritime Alliance, they quickly ended as automation once again became a sticking point with the union.

Soybean oil with export commitments in the first month of the marketing year totaling 86% of the annual projection certainly justifies further investigation, especially given the implications for canola.

DTN's weekly average spot price for domestic distillers dried grains is higher versus one week ago.

The Longshore Workers Union (ILWU 514) issued a 72-hour strike notice to the British Columbia Maritime Employers Association (BCMEA) on Nov. 4; the BCMEA then issued a lock out of workers that same day.

According to the North Dakota Wheat Commission 2024 crop quality reports for durum and spring wheat, both crops overall graded number one, with proteins lower than average for spring wheat and higher for durum.

DTN's weekly average spot price for domestic distillers dried grains is higher versus one week ago.

CME announced the resetting of price limits for grain and oilseed futures as of Nov. 1, 2024; its variable price-limit mechanism enacted in March 2014, resets price limits every six months in each of the CBOT grain and oilseed contracts.

The Mississippi River at Memphis and other spots in the Lower Mississippi River continue to fall without much long-term relief in sight.

U.S. Wheat Associates recently published a first look at results of the U.S. 2024 soft red and hard red winter wheat crops, noting that both crops overall were good quality for bakers and exporters.

Hurricane Helene provided some relief to the Lower Mississippi River, but with the return of dry conditions, water levels are expected to drop.

DTN's weekly average spot price for domestic distillers dried grains is higher versus one week ago.

Dockworkers on strike at 36 U.S. ports have a tentative agreement, temporarily suspending the port strike.

At 12:01 a.m. EDT on Oct. 1, members of the International Longshoremen's Association (ILA) walked off the job at 36 ports East Coast and Gulf ports.

In less than 24 hours, the International Longshoremen's Association (ILA) could be going on strike at East Coast and Gulf Ports as their contract with the United States Maritime Alliance, Ltd., expires at midnight, Sept. 30, 2024.

Many mayors from towns along the Mississippi River gathered in Baton Rouge, Louisiana, on Sept. 18 as part of the Mississippi River Cities and Towns Initiative's 13th annual meeting.

Fears are increasing that the ILA and USLX will likely not reach an agreement on their current contract that expires Sept. 30, 2024, opening the door for a strike on Oct. 1, 2024.