Category: Grain Markets

Bulls or bears in the field? — This Week in the Grain Market

Grain markets headed into the American Memorial Day long weekend with a bearish tinge as a result of some better weather. The Canadian Loonie gained 0.45% for the week on the Bank of Canada keeping interest rates unchanged at 0.5%, which pushed canola prices down 1.1% since last Friday. Oats were the winner of the… Read more »

Limiting pain — This Week in the Grain Markets

Grain markets pushed through the middle of May with a little more volatility under its belt as weather conditions and geopolitical risk in Washington, D.C. and Brazil have created some additional uncertainty. The Canadian loonie gained 1.45% for the week, which should’ve pushed canola lower, but it traded sideways as delayed seeding conditions countered the… Read more »

India takes “positive step” toward loosening looming restrictions on Canadian pulses

India’s government has taken a positive step toward resolving the uncertainty surrounding its rules for Canadian pulse crop shipments, according to Saskatchewan Pulse Growers and Pulse Canada. Technically, India has required fumigation of imports at port of origin since 2004. Canadian peas and lentils have traditionally been exempt, as India has repeatedly issued six-month waivers for crops coming… Read more »

How wet weather impacts profitability of corn versus soybeans

By Sean Mitchell and Dr. Alfons Weersink Wet, cool weather is raising concerns about planting delays in Ontario. With these concerns comes the possibility that, when planting resumes, producers will opt to plant soybeans in lieu of what previously would have been corn. This is due to a combination of relatively attractive soybean prices, a looming… Read more »

Today’s questions, tomorrow’s gains — This Week in the Grain Markets

Grain markets pushed through the second week of May with a little more volatility, but not from weather effects, rather, new data. However, the markets ended the week mostly lower as corn was the only winner, up 0.15% since last Friday thanks to ethanol gaining 1% & the usual planting premium. Conversely, soybeans lost 1%… Read more »

Wheat-ing out the noise — This Week in the Grain Markets

Grain markets saw a wild ride to start the month of May as the week started out with big concerns about weather before cooler heads prevailed and bullish gains made earlier in the week were reined in. Oats were the big winner, up 8% since last Friday on the futures board on planting delays. Canola… Read more »

Nasty Weather Triggers Short Covering (and a Short Rally) in Wheat Market

The wheat market rallied earlier this week after parts of the U.S. hard red winter wheat crop were pummelled by nasty weather. A blanket of snow fell on ripening wheat in parts of Kansas, Colorado, Oklahoma and Nebraska. Heavy rains have also caused flooding from Oklahoma to Indiana. “There certainly is some damage in the… Read more »

Where Art Thou Plant 2017? — This Week in the Grain Markets

Grain markets ended the month of April on generally jovial terms as weather concerns (AKA premiums) are playing to the minds of the bullish speculators. For the week, oats was the biggest performer, up 5.3%, followed by Chicago’s soft red wheat market, gaining 2.55%. Corn gained 0.5% on planting concerns while soybeans fell 0.55% on the… Read more »

Acreage Predictions, Weather Concerns & Planting Progress — This Week in the Grain Markets

Grain markets dealt with a sideway 3rd week of April thanks to weather concerns, acreage estimates, and planting progress owning headlines. Canola was the biggest winner for the week, up 1.4%, while conversely, oats was the sorest loser, down 0.8%. Corn and wheat were slightly lower, down 0.35% and 0.2% respectively, whereas soybeans gained 0.4%… Read more »

Where Did StatsCan Find All These Acres?

Canadian farmers have found some additional acres to seed this year, according to the Statistics Canada planting intentions report published on Friday. The agency’s projections for the three largest acreage crops — wheat, canola and soybeans — were all higher than analysts were expecting. Adding up the individual crop and summer fallow categories, the total acres described… Read more »

StatsCan Projects Record Canola Acres, Surprising Wheat Area

A record 22.4 million acres of canola will be seeded in Canada this year, but wheat will remain number one in terms of area, according to the Statistics Canada seeding intentions report published on Friday. The StatsCan all-wheat estimate came in at 23.2 million acres, higher than highest pre-report analyst predictions, which ranged from 21.2… Read more »

Unharvested Crop, Wet Weather & Rebounding Prices — Mike Jubinville on What’s Driving Acres in 2017

With more than 2 million unharvested acres, and wet conditions preventing normal fall work in many areas it’s going to be a busy spring across much of Western Canada. How will this affect acres of each crop, especially if the recent wet weather trend continues? As Mike Jubinville of ProFarmer Canada notes, cropping options are going… Read more »

Predicting Acreage Numbers (and the Stanley Cup Winner)

As oddsmakers and fans adjust their expectations for who’s going to win the Stanley Cup, market analysts are crunching the numbers on how many acres of each crop farmers will plant this spring, with the Statistics Canada acreage report coming out on Friday. Dwight Nichol of DLN AgVentures joined RealAg Radio on Tuesday (before the Oilers’… Read more »

On the Hunt — This Week in the Grain Markets

Grain markets headed into the Easter holiday weekend on a bit more volatility, helping most futures stay in the green. Oats were the big winner, rebounding up 4.15% since last Friday, closely followed by 3.5% and 3.15% by soymeal and corn respectively. The U.S. dollar was the big loser of the week, down 0.6%, which supported… Read more »

One Report to the Next — This Week in the Grain Markets

Grains started the month of April with a little bit of follow-through fanfare from the USDA’s stocks and acreage report on March 31st and some speculation over the start of the North American planting season and end of the first South American harvest. For the week, canola was the winner, gaining 0.9% which was helped… Read more »