Since the middle of August, the corn market has experienced a bit of a holding pattern, with trade sticking mostly sideways. Joe Vaclavik, founder and president of Standard Grain, says a big part of what is playing into this pattern is the uncertainty surrounding the size of the crop in the U.S. “I think there’s… Read More
With harvest well underway, or even finished for some, markets continue to be susceptible to global events, but focus is now turning to what the actual yield numbers are as crops come off. Weighing in on the topic is Brian Voth, president of intetlliFARM, and he says he’s skeptical of the demand that is being… Read More
The U.S. agriculture industry — and economy as a whole — breathed a sigh of relief early Thursday morning when Labour Secretary Marty Walsh tweeted that a tentative agreement had been reached between rail companies and the unions representing railway workers that were threatening to go on strike on Saturday. The Canadian agriculture sector, for… Read More
Oilseed markets moved higher following the release of the USDA’s September crop report on Monday, September 12. U.S. soybean yield was pegged at 50.5 bushels per acre, about a bushel lower than the average pre-report trade guess and down from 51.9 bu/ac in the department’s August report. The number of harvested soybean acres was also… Read More
As the commodity markets continue to hinge on the outcomes of several global factors, the glass-half-full approach is honing in on corn and what looks to be an upswing, as we look at the December charts. Slow and steady may win the corn race with consultants staying optimistic that a rebound is on the horizon…. Read More
Improved growing conditions for much of Western Canada has Statistics Canada predicting a much larger crop for 2022 harvest than was previously reported. The latest principal field crop report, published August 29, is derived from predictive modeling based on July field conditions. StatsCan says the Crop Condition Assessment Program shows that overall plant health in… Read More
Jon Driedger of LeftField Commodity Research recently took a tour across Western Canada with LeftField Commodity Research and Argus Media to analyze the yield potential of the Prairie crop. Like any year, there are extremely variable pockets, but Driedger says for the most part, yields are looking average. The summary for cereals — with the exception… Read More
The U.S. Department of Agriculture (USDA) published its August World Agricultural Supply and Demand Estimates (WASDE) report on Friday. Looking globally, the USDA’s projected lower world ending stocks for wheat and corn, while soybeans saw an increase of 1.8 mmt. Of note, soybean production for China was increased on higher area cited in recent provincial… Read More
CN Rail is preparing for more eastbound shipments of grain and other commodities from Western Canada. As part of its federally-mandated plan for moving grain in 2022-23, the railway says it’s not only anticipating a much larger crop in Western Canada after last year’s drought, but it’s also expecting a re-balancing of trade corridors to… Read More
With numerous global variables still affecting commodity market prices, putting on blinders and bringing the focus down to individual operations may be the wisest way to navigate the uncertainty. Grain markets are still under the influence of several major unknowns including the Russia-Ukraine war, how much grain China will actually export, and Taiwan strait tensions,… Read More
Could volatile be the new normal when it comes to commodity markets? With volatility being the only constant over the past while, it is certainly something that farmers and marketers are getting used to as they continue to try and navigate their way through fluctuating prices and variables that seem to be ever increasing. With… Read More
The path of least resistance right now for these grain markets seems to be to the downside. That has more than a few analysts shaking their heads, and maybe going a little gray from all the volatility and the stress. Chip Flory, host of AgriTalk, says that there’s all sorts of wild things happening —… Read More
The United States Department of Agriculture (USDA) is out with its June World Agricultural Supply and Demand Estimates (WASDE) report. There were no major surprises in the report, but markets saw another sell-off following its release. After a number of rain instances in some of the wheat growing zones, the outlook for wheat this month… Read More
Farmers in Western Canada can be forgiven for feeling just a little hesitant when pricing new crop earlier this year, given how many were on the wrong side of a grain contract after the drought of 2021. But even the most risk averse farmer has had an opportunity to price into a heck-of-a market…until now…. Read More
If the best offence is a good defence, the reverse is also true. Momentum is a wave that’s always better to ride when it’s working in your favour. Since the fall of 2020, it has paid major dividends to grow and hold. Crop inventory has been in very tight hands and for very good reason…. Read More
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