Get ready for MGX Version 2.0 in January
As 2023 comes to a close, we'd like to thank our users who have put their time and trust into My Grain Exchange and helped us make it a better, more effective price discovery tool for the SK grain industry.
From New Crop contracts to better inventory management tools, we're excited about the new features we'll be launching at the Crop Production Show in January.
This market update was provided by Klarenbach Research.
Klarenbach Research provides independent technical analysis of the grain, oilseed and special crops markets. To subscribe to his market outlook reports the Klarenbach Grain Report or the Klarenbach Special Crops Report visit Klarenbach.ca.
Pulse & Special Crops Market Outlook
Large Green Lentils
Large Green Lentils continue making new highs. Let the trend be your friend.
Small Green Lentils
Small Greens continue to make new highs.
Medium Green Lentils
Medium Green Lentils are making new highs in a strong uptrend.
Red Lentils
Red Lentils are finding support at previous resistance levels.
Yellow Peas
Yellow peas buyers are winning the battle for control of the trend.
Green Peas
Green peas are finding support from the 2021 highs.
Canary seed
Canary seed buyers are stepping in at the 40-cent level as anticipated.
Kabuli Chickpeas
Kabuli chickpeas need more time to determine if the uptrend will continue.
Yellow Mustard
Yellow mustard buyers are stepping in at the early 2023 lows.
Brown Mustard
Brown mustard is looking vulnerable.
Oriental Mustard
Oriental Mustard is testing the 2023 lows. New Lows lead to new lows.
Grain Market Outlook
Feed Barley - Southern Alberta
Southern Alberta Feed Barley is making new lows in a downtrend.
Canada Western Red Spring Wheat
The CWRS wheat is making new lows as the downtrend remains intact.
Canada Prairie Spring Red Wheat
The CPSR Wheat price downtrend remains strong.
Canada Western Amber Durum
Durum is vulnerable at this level. Buyers are required.
Oats
Oats want to move lower.
Oilseed Market Outlook
Canola
The Canola price decline over the past two years has been painful. We continue to look for signs the downtrend is nearing exhaustion. Perhaps we are close.
Flax
The Flax price has completed a round trip that began in 2020. We anticipate it to consolidate sideways until the bulls or the bears gain control of the trend.
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Nothing written, expressed, or implied here should be looked at as investment advice or an admonition to buy, sell, or trade any security or financial instrument. As always, do your own due diligence.
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