Category: Grain Markets

Global trade flows dominate local cash markets — This week in the grain markets

Grain markets trekked through the middle of November fairly mixed as for the week with soybeans making strong gains, but corn and canola losing ground. Similarly, Minneapolis HRS wheat and Kansas City HRW wheat ended the week lower, but SRW wheat and oats futures in Chicago actually made some healthy gains. Most of the week… Read more »

November WASDE puts damper on grain markets — This week in the grain markets

Grain markets ended this past week all lower as the complex took note of some larger inventories in this week’s November WASDE report, and not the smaller U.S. yields. Updates from China’s National Bureau of Statistics (NBS) were incorporated into this month’s WASDE report. Basically, if not for China, this might be considered a bit… Read more »

Getting technical with commodity market analysis

When farmers talk about commodity markets, the conversation most often focuses on the fundamentals — everything from supply and demand to crop carryover. Rarely do you stumble upon a conversation where technical market analysis indicators are being hotly contested over coffee. Technical analysis, basically forecasting the direction of prices through the study of past market data,… Read more »

Volatility in global markets can spell opportunity for Canadian crops

So often grain markets take the stairs up, but the elevator down. If you’re getting dizzy watching global trade and global markets racing up and down like a rollercoaster, you’re likely wondering what the impact is of all this volatility. Craig Klemmer, principal agriculture economist for Farm Credit Canada, joins Shaun Haney for a frank… Read more »

Rumour mill drives most crop prices higher — This week in the grain markets

Grain markets were able to find gains as they entered the first few days of November, mainly driven by some rumour-driven optimism around the trade war between the U.S. and China ending sometime soon. After posting a monthly low to end October, soybean prices jumped about 4% in a few minutes on Thursday after a… Read more »

Futures dip on export numbers — This week in the grain markets

Grain prices this week dipped lower as the complex dealt with some U.S. export numbers that came in below expectations and harvest 2018 picking back up. However, things might slow again soon as it looks there are a few spots that might get rain over the weekend or into next week, which would intuitively slow… Read more »

Harvest price pressures starting or ending? — This week in the grain markets

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 »

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 »

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 »

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 »

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 »

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 »