Grain prices continued to slide on the futures boards through the middle of January as the complex continues to sort through supply and demand tables (the former, supply, being more plentiful at this point in time). Mostly, grain markets are feeling the effects of a strong U.S. dollar, while other currencies are suffering due to lower oil… Read More
Category: RealAg Markets
Grains have traded relatively lower this week as a relatively bearish outlook from the U.S.D.A. last Friday but a bit of a damper on the market. Corn and wheat prices have taken the biggest hit week-over-week as positive planting progress across the border in the U.S. pulled back some of the premium built into the… Read More
Let’s call the March 31st USDA report the kickoff to the new growing season’s marketing year. Yes, markets are continuous and fluid, but this first glimpse of planting intentions for the U.S. is, for some, the first report in a while that really gets interesting. This week, RealAgriculture editor, Lyndsey Smith, is joined by Jon… Read More
Don’t shoot the messenger, but if you haven’t priced your nitrogen and phosphorus fertilizer for this year, things are about to get very ugly. Or uglier. There’s really no upside here, unless you happen to have a neighbour with livestock and a manure problem (which you might. Ask around. Don’t worry, I’ll wait here while… Read More
An unattractive basis is meant to discourage grain sales, but what happens when farmers are willing to sell even then (cash is getting tight, y’all) but bids disappear entirely? Then you have the grain marketing mess that is early 2014. Hear more: Check out all our coverage from CropSphere 2014 Chuck Penner (@LeftFieldCR), with LeftField… Read More
After skipping the October update due to the U.S. government shutdown, this morning’s USDA World Agricultural Supply and Demand Estimates (WASDE) report was much anticipated by traders and farmers alike. While bearish news abounded ahead of the report, especially on the corn side, many were hoping that added yield would be balanced by decreased acres… Read More
Farmers who banked on moving crop in September are running into road blocks left and right, even on the eve of November. A bumper crop across most crop kinds in all three Prairie Provinces is taxing Western Canada’s railway service and elevators are at or near capacity, even with huge piles of grain being stored… Read More
Brennan Turner recently asked farmers if they’d prefer extra bushels but lower prices, or sky high prices but a poor crop. Not surprisingly, farmers would prefer inventory, likely in part because Canadian farmers are quite comfortable with storing grain. Of course, the yields and volumes coming off fields this fall has left many farmers without… Read More
Bin-busting crops are never something to wish away, but the simple laws of supply and demand eventually come in to play when everyone has a lot of crop to sell. While that’s oversimplifying grain markets, the overall message is clear — decent quality wheat, corn and other grains are going to be easy to find… Read More
Several analysts and farmers were caught off guard by the significant move to the upside made in soybean, corn and associated markets earlier this week. Corn markets moved higher, yes, but the big boom came in the form of some significant weather risk weighing on the U.S. soybean crop.As you’ll hear in the SoundCloud interview… Read More
About this time last year, the canola crop’s respectable acreage base and promising production was being consumed by disease pressure, the bizarre looking aster yellows and then came the Billion Dollar Wind that shook and shattered seeds all over the ground. As we approach swathing and even harvest of the 2013 crop, however, the crop… Read More
If you’ve been watching U.S. corn and soy acreage estimates closely, Monday’s production and acreage downsizing of the soybean crop may not come as a surprise. In fact, many farmers and analysts were scratching their heads at earlier figures given the poor growing conditions and late start both crops had. Still, when the USDA numbers… Read More