Category: Grain Markets

Heavy holdings — This Week in the Grain Market

Grain markets started losing some of their lustre this week as favourable weather didn’t turn out to be so helpful for the bulls. Going into the last week of the quarter and the month, we’re about to get some major reports that the market is preparing for. On Thursday, June 29th, we’ll get Statistics Canada… Read more »

FarmLead launches new basis negotiation feature

FarmLead, North America’s Grain Marketplace, announced today the launch of the FarmLead Basis Negotiation feature on its leading trade platform. The new feature allows buyers and sellers to post and negotiate basis contracts in addition to the existing options of cash contracts. The announcement complements the company’s continued expansion across North America. The new feature… Read more »

Where’s your confidence? — This Week in the Grain Market

Grain markets hit the mid-way point of June with more bullish weather driving prices into the green. Canola and soy oil were able to make up some losses from earlier in the week on the news that the U.S. EPA will release new biofuel requirements soon, helping the quota for advanced biofuels (corn-based biofuel needs… Read more »

Where does the spring wheat rally go from here?

The Minneapolis Grain Exchange shattered its daily trade volume record on Tuesday, as traders responded to dry conditions and lower-than-expected crop ratings for U.S. spring wheat. MGEX reported 33,453 contracts traded on Tuesday — a 23 percent increase over its previous record of just over 27,000 in a day. The September spring wheat futures contract… Read more »

Follow the leader — This Week in the Grain Market

Grain markets saw a nice pop this week as 2017/18 crop production concerns helped create some bullish buzz. Corn and spring wheat were the biggest winners of the week, both gaining 4.1% since last Friday, followed by Chicago wheat, up 3.85%. Canola wasn’t far behind, gaining more than 3% for the week, along with oats,… Read more »

Where’s the weather rally staying?

Soybean futures have dropped to 14-month lows and corn is seemingly unable to break through a brick wall at $3.96/bu. The bears are seemingly winning over the bulls and their weather concerns. Soybeans broke lower last week from the Brazilian currency tanking with the JBS corruption scandal, which made Brazilian beans cheaper for foreign buyers (but did producers… Read more »

Hoping for more — This Week in the Grain Market

Grain markets entered the month of June all in the red under some varying opinions of what the crop potential is looking like in the Northern Hemisphere. Canola ended up being the biggest loser of the week, down 3.25% as planting pace picked up in Western Canada. Chicago wheat was the 2nd-worst performer for the… Read more »

Minneapolis wheat futures hit new highs on quality supply concerns

While Chicago wheat futures trended lower, spring wheat contracts on the Minneapolis Grain Exchange rose sharply this past week on concerns about the supply of higher quality, high protein wheat. The September contract closed on Friday at US$5.87/bu — the highest it’s been since the middle of June 2016. There are three primary factors, explains Neil… Read more »

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 »