What happens when there’s plenty of canola globally and a general bearish tone to the markets? A stubborn sideways market that simply bounces between a narrow price range, with no real reason to break to the upside. The rumour mill does help with some blips, but overall this market is just flat, says Wendy White,… Read More
Grain markets this week found some gains (finally) as Mother Nature and updated Harvest 2019 estimates catalyzed traders to bid up the lows we’ve been on lately. Soybean prices in Chicago were buoyed by a drop in production by the USDA in their September WASDE report, but also fresh news of China buying at least… Read More
This week finalized a tumultuous month for grain markets with China, weather, and crop conditions owning the headlines. While most grain prices on the futures board were able to find some gains for the week, it was a bearish month for the complex. As the table below shows, wheat and corn prices took the hardest… Read More
Grain markets took another hit this past week as elevated trade tensions on Friday topped some of the more bullish ProFarmer crop tour results. On Friday, China announced that they would institute another US$75 billion in import tariffs on U.S. goods, including another five per cent tariff on soybeans to take the total tariff to… Read More
With the wheat harvest half complete in Russia and wrapped up in Ukraine, analysts are looking at volumes available for export out of the highly competitive Black Sea region. Mike Lee is twenty year veteran of assessing crops in the region, and updates the globe through the Black Sea Crop Tour. According to Lee, both… Read More
As the calendar creeps towards September, pulse harvest is just beginning to get underway in Western Canada. Fall is also usually a pretty busy selling and shipping season for the export-dependent crops, but as Chuck Penner, with Leftfield Commodity Research, explains, trade uncertainty and less-than-stellar prices are dragging on the busy harvest season. RealAgriculture field… Read More
Grain markets in the second half of this week battled to recoup its losses from the first half after the USDA said there was way more corn planted and its yields would be better, basically contradicting everything that the market was expecting. The biggest surprise from the USDA on Monday was acres. Everyone and their… Read More
This week the markets have shown many points of stress, as they react to Monday’s USDA report that shocked many farmers and analysts. On RealAg Radio on Thursday, Shaun Haney was joined by Ted Seifried of Zaner Ag Hedge to break it all down. Seifried described Thursday’s pricing action as a day that the “dust… Read More
Despite growing concerns for the B.C. economy and rising global trade tensions, the Port of Vancouver has shipped an increased amount of commodities in the first half of 2019. This news is in addition to strong agricultural commodity shipments reported by both CN Rail and CP Rail last week. Pulse crop exports were up significantly… Read More
The fury and confusion hasn’t quite settled, following the USDA’s World Agricultural Supply and Demand Estimates (WASDE) report released this week. “(It) doesn’t make any sense, and I think probably 98 per cent of the people, and market analysts, farmers, grain buyers, etc. all thought the exact same thing — probably actually 99.8 per cent,”… Read More
Could 2019 be another ‘gibb’ year for corn growers? That’s a question RealAgriculture agronomist Peter Johnson encounters almost daily. When asked, he says there’s “not a chance” of the widespread gibberella outbreak Ontario growers experienced in 2018. However, he notes that “in isolated areas, we do have a high risk of gibberella ear rot infection… Read More
The United States Department of Agriculture (USDA) is out with its monthly World Agricultural Supply and Demand Estimates (WASDE). It appears as though corn is back as king, with the department forecasting corn production at 13.9 billion bushels — that’s up 26 million from last month’s projection. The first yield forecast of the season, which… Read More
Grain markets found gains the first full week of trading in August, ahead of Monday’s World Agricultural Supply and Demand Estimates (WASDE) report, a report that the complex has been waiting for since the July WASDE. Going into the report, the sentiment is fairly bullish as there are some major reductions of U.S. acreage, production,… Read More
Grain markets had a tough turn of the calendar from July to August, as the complex dealt with a couple of factors that pushed it lower. From a performance standpoint, corn prices lost about seven per cent for the month of July, while soybean and hard red spring wheat prices basically ended July where they… Read More
Earlier this week, crop market analyst Chuck Penner shared a graph showing China’s year-over-year rapeseed oil (including canola) imports. The trend line since April 2019 is a rather steep line, and it’s straight up. Penner, with Leftfield Commodity Research, says that the latest figure clocks in at 254,000 tonnes of rapeseed oil imported — a… Read More