Monday’s USDA acreage report was a surprise to Chip Flory not because of the numbers in the report, but because the acreage adjustment happened so soon in the growing season. Flory, host of AgriTalk, says the USDA’s move to knock off 700,000 acres of corn and add a million soybean acres does make sense, but… Read More
Category: RealAg Markets
The wheat market isn’t usually the exciting one to watch, but as Ranulf Granville, chief market analyst with Grainfox, says over the last six to eight weeks there’s a lot of company that has started to gather on the bullish side making for some excitement. But is wheat really in that much better a fundamental… Read More
It’s like lemon juice on a paper cut for those in the far south of Ontario who haven’t got an acre of corn in the ground yet, but the initial look at the emerged corn crop in the U.S. is looking mighty fine. Ranulf Glanville, chief market analyst with GrainFox, says that this early good… Read More
Let’s hope grain markets fare better than the Winnipeg Jets did in Game 2 of their Stanley Cup playoff game last night, but if they don’t Jon Driedger, disappointed Jets fan and market analyst with Leftfield Commodity Research, says there’s still reasons to sell small into price rallies. Where are we at right now? Big… Read More
Houston, we have a problem — and it’s larger-than-ideal crop supplies available combined with lagging demand for some oilseed and crush byproducts. That’s at least part of what is going on in the oilseed complex, says Tyler Schau of AgMarket.net. He spoke with Shaun Haney at Commodity Classic last week held at — you guessed… Read More
Short-term bounces in grain prices should be viewed as selling opportunities in an overall bearish market, according to the president of grain marketing advisory firm IntelliFarm. The lack of bullish news on both the supply and demand sides of the balance sheets for most major crops has resulted in prices sliding over the last few… Read More
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
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