The USDA boosted its yield estimates for corn and soybeans in its August World Agricultural Supply and Demand Estimates (WASDE). While the report was generally thought of as bearish, both corn and soybean futures ended the trading day on Wednesday higher. The department’s first survey-based corn yield forecast comes in at a record 181.8 bushels… Read More
Domestically, Canada’s agri-food system is facing a lot of challenges, but the pressures aren’t from just within the country. Many newly felt pressures are from external forces. A new report from Agri-Food Economy Systems, based out of Guelph, Ont., outlines these new pressures on agri-food policy in Canada. The list of those pressures in the… Read More
There are 54 grading factors for wheat included in the grain grading guide provided by the Canadian Grain Commission (CGC), but many may be surprised to learn that falling number isn’t one of them. It may not be a grading factor, but falling number is used as a world standard in the grain and flour… Read More
Grain markets took a nosedive in their first week of trading in August, as yield forecasts get updated, weather pressures subside, and traders prepare for next Wednesday’s WASDE report. Put simply, the closer we get to combines rolling, the more of the supply number gets baked into the current prices. Reality is, that new JD… Read More
By many accounts, if the sun shines and the creek don’t rise, there’s a monster spring wheat crop coming in the west. But don’t just take our word for it; mounting evidence from several sources points to a rather large spring wheat supply building in Western Canada. Jon Driedger, senior market analyst with LeftField Commodity… Read More
Many Canadian ag exporters may have wished that they had hedged the dollar a bit more. The Canadian dollar has climbed recently, making its way back to pre-COVID levels, around the US$0.755 mark. It’s hard to know what to expect for the second half of 2020. Jon Driedger of LeftField Commodity Research recently joined Shaun… Read More
Grain markets ended the month of July in the red, albeit, from a monthly performance standpoint, it wasn’t all bad news bears. Chicago wheat prices gained nearly 40 cents, or 8%, while canola and soybean prices both improved by about 2.5%. However, while corn prices lost about a quarter, or 7.5%, in the month of… Read More
It’s the last Friday of July, and the summer is just continuing to roar along. If you’re in Western Canada, you know it’s hot hot hot. Currently in the beef markets, there is a lot of discussion surrounding where we are at for demand for proteins. We’ve got some economic headwinds, and we’ve got issues… Read More
Grain markets were able to squeak out some gains this week, but corn prices were the obvious worst performer as the size of the impending harvest becomes better known. Wheat prices were able to earn a few pennies, thanks to hot weather concerns in North America and Argentina, while soybeans were supported by Chinese buying… Read More
The United States Department of Agriculture (USDA) released its cattle on feed report for July 1st, and it fell closely in line with expectations, limiting any attempt at the market to be shocked. August Live cattle finished the day up at $0.475, and the week down $1.95, to close at $101.325. #Cattle on Feed Report:… Read More
It’s not traditionally a time of year where we see big boosts to several crop price complexes, but what about 2020 has been normal? In this grain market Q&A LIVE!, Brian Voth, of IntelliFarm, sits down with sports-starved host Shaun Haney to talk corn, canola, soybeans, ethanol, baseball, spring wheat and more! Don’t miss RealAg… Read More
After a two-week hiatus, I’m back with the weekly recap and this week, grain markets ended things mixed. Wheat prices were weighing weather and production downgrades, while corn and soybean prices remain concerned about demand, albeit these two did climb on Friday. For these 2 crops, China is certainly buying but it doesn’t seem like… Read More
For most of Canada, producers are playing the waiting game. They’re keeping an eye on their crops and are getting ready for harvest, but they might be wondering what the markets are doing and how they’ll market their commodities. Canola is the go-to crop for profitability on the Prairies. Some areas definitely have enough moisture,… Read More
There were few surprises in the latest United States Department of Agriculture’s WASDE report, with yields of principal crops left unchanged from previous reports. The USDA reported new crop corn ending stocks at 2.648 billion, mostly inline with trade expectations. According to Matthew Pot with Grain Perspectives, even China buying more corn on the heels… Read More
While U.S. President Trump and Mexican President Obrador were meeting in Washington D.C. to celebrate the United States-Mexico-Canada Agreement, Prime Minister Trudeau was in Ottawa defending his government’s mid-year fiscal update. It is no surprise that the numbers are not pretty, as the Liberals have attempted to rescue the economy with major support payments, just… Read More