Markets- soybeans, canola,corn, wheat

[errolanderson]

Interest rate day . . . Bank of Canada likely to hold rates steady . . . U.S. Fed may cut rates at noon, even though the U.S. economy is doing so well. In other words, the firetruck has been called because there is no fire . . . just a lot of economic smoke.

Also, U.S. is already starting to prepare everyone there may be no signing of the Phase One trade deal in Chile in November. The text isn't quite right apparently. But of course, that doesn't mean the deal isn't falling apart. Surprise, surprise, surprise . . . .

If Powell, doesn't cut rates today, the stock market may be hit hard. If Powell does cut rates today, the stock market may just drop anyway. This market is so long-in-the-tooth, it is growing tusks . . . .

All the factors above likely have more impact on grain markets, then anything USDA may say these days.

[bucket]

And what are the impacts on the grain markets?????

Your analysis ????

[errolanderson]

And what are the impacts on the grain markets?????

Your analysis ????

bucket . . . sorting through the political BS . . . .

1. Global economies (including the U.S.) continue to slow. That is why the firetruck has been called.

2. Negative interest rates mean the financial crash has already occurred, it is now time to let the smoke
clear of market manipulation disperse.

3. Commodity markets will remain under deflationary pressures. That's why gold is going nowhere.

4. China and the U.S. may not sign anything (IMO) prior to the 2020 U.S. election.

5. Grain export market share must battle through these deflationary pressures. Buyers will purchase
lower grade product for a cheaper price.

6. The Black Sea region will dictate global wheat pricing for the foreseeable future. U.S. has lost power.

7. Stock market fairytale is nearing an end. If stocks break, crude oil could easily break below $50 per
barrel . . . WCS (Alberta) oil prices could break below $25 per barrel quickly. Mideast tensions may
gyrate prices.

8. Western Canada remains in a deepening recession.

9. To me, cash is king . . . but nobody wants to hear that storyline.

10. There will be a changing of the guard ahead from company mergers to financial markets and asset
values. It has already begun.

[bucket]

5. Grain export market share must battle through these deflationary pressures. Buyers will purchase
lower grade product for a cheaper price.

Good argument for not implementing a seed tax....its easy to grow poorer quality ...just let the graincos grade it....

[biglentil]

3. Commodity markets will remain under deflationary pressures. That's why gold is going nowhere.

Haha Gold is up approximately 20% in Cad dollars in the past year. Tell me how much has your cash returned this year?

The deflationists have been dead wrong for 50 years. Yet keep preaching about the deflationary boogeyman, all the while the central bank printing presses roll coal.

[farming101]

US GDP up 1.9% in the third quarter., outdoing forecasts for 1.6%

To put it in perspective the US economy added the equivalent of the economy of Ireland in the third quarter!

But growth is slowing... Oh boy.....

The bean counters should try farming in western Canada

[errolanderson]

Haha Gold is up approximately 20% in Cad dollars in the past year. Tell me how much has your cash returned this year?

Check your ETFs . . . .

[biglentil]

Check your ETFs . . . .

ETF's no thanks, Gold is AU on the periodic table.

[errolanderson]

Released this morning . . . . U.S. manufacturing and service industry appear hardest hit.

https://www.cnn.com/2019/10/30/economy/us-gdp-third-quarter/index.html?

[macdon02]

Someone want to point out to Poloz that what's good for eastern Canada, isn't necessarily good for Western Canada?

[TechAnalyst]

I agree that the equity markets are vulnerable to a pullback here but I'm not convinced it needs to be deflationary.

Most often commodities outperform when stocks lag and vice versa. One only has to look at the 8 years following the dot com bubble bursting for an example.

The best thing that could happen to things that hurt when they fall on you (and have tangible value) may be a setback for stocks.

[sumdumguy]

How good can it be for Eastern Canada to import 1,000,000,000 barrels of oil in a year from Middle East?
It’s not good for any Canadian, what’s going on today. All because Easterners are jealous of Alberta’s boom.

[fjlip]

How good can it be for Eastern Canada to import 1,000,000,000 barrels of oil in a year from Middle East?
It’s not good for any Canadian, what’s going on today. All because Easterners are jealous of Alberta’s boom.

In news, if correct, Saudi's owe us BILLIONS $$ for light armoured vehicles? WTF?

[errolanderson]

Bank of Canada did hold rates steady today . . . 1.75%, but warned of slowing economy. Loonie hammered over these comments.

U.S. Federal Reserve caved again . . . cutting rates another 1/4%, for unspoken-of reasons.

No reaction from stock market . . . Fed has shot-their-wad (IMO), virtually powerless now.

[malleefarmer]

Seems markets are treading water this week after drops previous week. My heart hopes for small rally head suggesting downward pressure