Grain markets this week mostly ended lower as the complex dealt with the pace of Harvest 2018 picking back up. The losses were mitigated by a mostly positive day of trading though on Friday, which helped canola and oats end the week in the green. On that note, I’ve been getting a lot of questions… Read more »
Category: Markets
Beef Market Update: Cattle on feed, big exports, and seasonal price dips
Year-to-date Canadian beef exports are up about 4%, and that’s just some of the good news Anne Wasko, market analyst for Gateway Livestock, has for us in this mid-October edition of the Beef Market Update. Occasional host Lyndsey Smith and Wasko cover the most recent cattle on feed numbers for both Canada and the U.S…. Read more »
Grain markets continue to test our patience — This week in the grain markets
On Thursday, October 11th, the USDA released the October WASDE report, showing a smaller U.S. corn crop, but still some relatively large global supplies, notably in soybeans. Going into the report, the market was a bit bearish, expecting 2018/19 corn, soybean, and wheat carryout in both the U.S. and around the world to increase. However,… Read more »
WASDE report pushes corn, soybean futures higher
After a very poor day for equities for the second day in a row, the World Agricultural Supply and Demand Estimates (WASDE) report pushed corn and soybeans higher and wheat lower on the day in the futures market. The market did not move substantially today, but some analysts hoped the market would of moved higher… Read more »
Beef Market Update: A strong fall run, attractive retail prices, and full feedlots
The fall calf run is rolling and prices have been steady, and sometimes steady is really good. For five months or more, prices have held strong bucking the trend of somewhere during the calf run we stub our toe, either because of weather or logistics or some other issue. What’s more, says Anne Wasko, of… Read more »
Tough time to market beans: diving into these trade-rocked markets
Soybeans have been on a wild ride the last few days, riding news of high stocks, news of the U.S./Mexico/Canada trade agreement (USMCA). What’s a farmer to do? RealAg Radio host, Shaun Haney spoke with Arlan Suderman, chief commodities economist at INTL FCStone Inc., to talk soybeans’ recent woes. “I think that there’s a lot… Read more »
Finally, the end of a tumultuous quarter — This week in the grain markets
Grain markets ended the last trading week of September mostly in the red, weigh on by relatively bearish stocks report from the USDA. Oats and canola prices were the only crops that were able to end the week in the green as concerns about the Western Canadian harvest continue to mount. The gains made this… Read more »
Beef Market Update: Solid demand expected to continue
The U.S. report for cattle on feed for September first was six per cent higher than a year ago according to Anne Wasko, of Gateway Livestock. And that’s something, as it was a bit bigger of a number than what the industry was expecting. “It’s because the August placement number was up seven per cent from… Read more »
Do grain markets believe StatsCan numbers? — This week in the grain markets
Grain markets this week ended mostly higher as the complex has potentially digested the entirety of the U.S.-China trade war and a record American crop. Specifically to Canadian grain prices, contrasting fundamentals kept prices relatively flat this week. On the bearish side, the September satellite-based crop production estimates came out with numbers that were all… Read more »
Canadian Pork Council looks for price support as hog markets drift lower
Although the majority of recent NAFTA 2.0 talks have been focused on Canada’s dairy farmers, the pork industry is feeling the pinch when it comes to prices. As the Canadian Pork Council (CPC) points out in a recent news release, pigs are being sold at prices 30 per cent lower than this time last year,… Read more »
Most Bearish WASDE Ever? — This week in the grain markets
On Wednesday, September 12th the USDA came out with one of the most bearish World Agricultural Supply and Demand Estimates (WASDE) reports in recent memory, destroying any pre-report expectations — especially for corn and soybeans. Going into the September WASDE report, the market was already quite bearish on soybeans, expecting to see 2018/19 ending stocks in… Read more »
Beef Market Update: Trade exports still rockin’!
July was a strong month in the beef market both for the U.S. and Canada according to Anne Wasko, market analyst with Gateway Livestock Exchange. “On the U.S. front, strong pork and beef exports continue to be the story,” she says adding that in July alone, beef exports from the U.S. to the rest of the… Read more »
U.S. rains, Canadian harvest pressures wheat markets — This week in the grain markets
Grain prices had a mostly red week but corn, soybeans, and canola were all about to recover their losses on Friday to end the week near equal — if not slightly above where they ended the previous Friday. Chicago SRW wheat contracts lost about 32 cents USD/bushel to close down 5.5 per cent – six… Read more »
StatsCan report can’t reverse bearish August — This week in the grain markets
Grain markets rallied on Friday to finish the last week of August mostly in the green but it wasn’t enough to make up for the sell-off that started mid-month. In terms of infleuncers, Statistics Canada provided its first in-depth forecast of the Canadian crop, but also that a new NAFTA agreement was nailed down in… Read more »
StatsCan production estimates reflect dry conditions in Western Canada
The impact of dry conditions across the southern prairies is evident in Statistics Canada’s first report on 2018 crop production. Canola and spring wheat futures were higher following the report’s release on Friday morning. Most of the production and yield figures came in on the lower end of the range of pre-report estimates. The report was… Read more »