Canola rallies strongly on tight supply

Canola field

Canola prices have skyrocketed in the past month, both in Canada, and Europe. These elevated prices have also flowed through to domestic bids in the domestic Australian marketplace. From a Low of CAD $740 at the start of April, where liquidation occurred prior to the extended suspension of trading over Easter, Canada’s ICE Canola nearby […]

Sheep demand stalls

Sheep in green hilly paddock

Money for mutton surged higher for the start of April, gaining more than 50¢/kg for the first two weeks of the month, before losing all that ground and more in the second half of the month. This volatility in the mutton price is not highly unusual around the Easter break, which causes two short-processing weeks, […]

Sources of long term data

Chicago stock exchange 1850

Mecardo was contacted recently about data for Australian commodities for the second half of the nineteenth century. The comment was made that finding historical data series was difficult so in this article Mecardo will publish details of some sources of historical data. When looking for historical data there are three pieces of data usually required. […]

The sell buy equation at its worst

Angus cattle in fog

There has been plenty of movement out of cow calf operations and into trading over the last 10 years. It is one of the reasons weaner steers are so expensive this year. A favourite trading strategy is to buy and sell on the same market, but this year it’s hard to make it work. The […]