Another Kind of March Madness — This Week in the Markets

Opinion

More chatter about new crop acres continues to help the grain market trade sideways as we move towards the second half of March. Domestic corn-for-ethanol and soybean crush demand remains fairly strong, as does canola crush here in Canada which is up 20 per cent year-over-year last week, but the strength of the U.S. dollar is hurting export potential. In fact, China recently sourced corn from Ukraine and high-protein wheat from Canada and Australia instead of our neighbours to the south. However, most analysts are focused on acreage estimates and weather forecasts for the northern hemisphere. The March Madness scene…