Farmers have enjoyed an extremely rare harvest rally in several grain markets. For a discussion for what’s behind the corn, soybean, and wheat market moves, this RealAg LIVE! features Matthew Pot, of Grain Perspectives! Don’t miss RealAg LIVE! weekdays at 1 pm M/3 pm E on your favourite social media platform! SUMMARY Corn ending stocks… Read More
Grain markets had another positive week of momentum on dry weather concerns and continued strong export numbers, albeit traders took profits on Friday, limiting the weekly gains. Corn closed above $4 USD/bushel on the Chicago futures board for the first time since August 2019 as exports (both sales and shipments) to China continue to grow…. Read More
Grain markets headed into the October long weekend on a high note after the USDA published a fairly bullish October WASDE report on Friday, October 9th, 2020. In it, the UDSA dramatically lowered soybean ending stocks, which helped propel the oilseed complex higher, including canola and soybean futures getting back up to levels not seen… Read More
Ten cooperative members of Grains Québec Agriculture are joining forces with Sollio Agriculture in a limited partnership to form Sollio & Grains Québec. With projections of more than 2 million tons of grain marketed annually, Sollio & Grains Québec will be the largest buyer of grain from producers in Québec. Before this partnership, each co-op… Read More
There’s a market rally happening, but it’s harvest. What in the tarnation is going on with the grain markets? For that answer, we go to Jonathon Driedger of Leftfield Commodity Research, for this LIVE! Q&A. Don’t miss RealAg LIVE! weekdays at 1 pm M/3 pm E on your favourite social media channel — Facebook, Twitter,… Read More
Grain markets flipped the calendar this week on not only a new month, but also a new quarter, and there was plenty to digest. It really started in Tuesday’s wild U.S. Presidential debate, then was followed by Wednesday’s quarterly stocks and annual small grains production report from the USDA, and then finally, the news early… Read More
We’re in the thick of the fall season, and grain markets are acting a little counter-seasonal. On today’s RealAg LIVE!, Brian Voth, president and founder of IntelliFARM Inc., walks us through what’s going on with soybean, canola, wheat, and corn markets. Don’t miss RealAg LIVE! now Monday through Friday at 1 pm Mountain/3 pm Eastern… Read More
Grain markets pulled back this past week, something that many market participants, including yours truly, were expecting to see. Corn prices fell as harvest 2020 speeds up and the market is starting to consider the impact to ethanol demand, should a second wave of COVID-19 rage across the world this fall/winter. From a headline standpoint,… Read More
It’s official, we’re likely entering the twilight zone for grain markets. This week, we moved through the middle of September and grain futures are sitting at multi-year highs, yet it’s the time of year when we usually are seeing seasonal lows. The rally that we’ve seen since July has gone beyond just fundamental supply and demand factors, and… Read More
India has dropped its tariff on lentil exports once again, just weeks after letting a temporary reduction over the summer come to an end. The government published a notice on September 17, 2020 saying it’s “in the public interest” to reduce tariffs on lentil shipments from 30 per cent to 10 per cent (plus a… Read More
The corn market is surprisingly strong due to various factors in the markets these days. Some yield reductions out of the U.S., and some production issues in China may be part of the equation, but there seems to be a little more optimism in the market than is maybe warranted. Brennan Turner, CEO of FarmLead… Read More
In the western Canadian market, there’s currently been a lot of focus on canola, and StatsCan confirmed as much in their latest satellite-based report. Brennan Turner, CEO of FarmLead, says that when it comes to this StatsCan report, he would call himself a believer. Although there have been some yield numbers that Turner’s heard that… Read More
Canada’s biofuel industry is very optimistic about the federal government’s proposed Clean Fuel Standard (CFS), which could potentially create significant new domestic demand for Canadian crops depending on how the regulations are drawn up. The goal of the policy, which has been in the works for several years, is to reduce the intensity of carbon… Read More
Statistics Canada cut its wheat and pea production estimates — and raised its lentil and soybean projections — in its annual September satellite-based crop report, published on Monday morning. It’s the second satellite-based set of crop production estimates issued by the agency in the last two weeks. Due to COVID-19, StatsCan chose to employ its… Read More
Grain markets continued to push higher, led by corn and soybean prices, as a friendly September WASDE report continue to bring more bulls to the table. Going into the report, the complex was focusing on demand line items and supply updates after a tough August of weather, and while the latter was recognized a bit, the USDA did… Read More
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