Grain markets finished the fourth week of October with the same headlines running the complex: harvest weather/challenges and a trade war deal between the U.S. and China. Soybeans saw a big sell-off on Friday though as speculators sold off positions ahead of the weekend with no confirmed news of a deal between the world’s two… Read More
Despite some increases in demand for canola abroad, and strength earlier in October, prices seem to be on a train to $440/tonne, says host Shaun Haney in this excerpt from RealAg Radio. Viterra market analyst Terence Koshman says part of the price shift is due to harvest progress, and product being sold to bring the… Read More
Grain markets had a mixed week as the complex tried to decide what’s more important: winter weather messing up harvest progress, the possibility of a China-U.S. trade deal, and wheat production concerns. The down week for corn and soybeans was likely a result of physical buyers putting in hedges ahead of the weekend, one that’s… Read More
Grain markets found some legs this week as snow and freezing temperatures started to hit the majority of North America’s major growing regions. A few other highlights include indicators that a U.S.-China trade war resolution may be found, as well as the October WASDE report, which was supportive of soybeans but bearish for corn and… Read More
Grain markets ended the week mostly in the green, thanks to a somewhat bullish U.S. quarterly stocks report, an expansion of the ethanol mandate and some challenging harvest weather. On Monday, the USDA served up its report for grain inventories in the U.S. as of September 1st, 2019. Going into the report, the market was… Read More
Grain markets were mixed in the last full trading week of September, with weather and trade continuing as the two main themes for this growing season. It was a busy week in trade, positioning itself for the end of the trading month, calendar quarter, and the release of the quarterly stocks report for American grain…. Read More
While harvest delays and yield challenges might typically support a commodity’s price in the markets, Canadian canola has a bigger issue – its large carryout. “It just hangs over like a wet blanket, and it’s something we’ve known was coming, and yet it creates a whole market situation where things just really feel like a… Read More
Grain markets ended the third week September rather mixed as trade and export disappointments dragged down corn and soybean prices while wheat found gains on quality concerns. For corn, U.S. 2019/20 exports are tracking about 37 per cent behind last pace through this week, while China cancelled its farm visits, intuitively fading in optimism for… Read More
What happens when there’s plenty of canola globally and a general bearish tone to the markets? A stubborn sideways market that simply bounces between a narrow price range, with no real reason to break to the upside. The rumour mill does help with some blips, but overall this market is just flat, says Wendy White,… Read More
Grain markets this week found some gains (finally) as Mother Nature and updated Harvest 2019 estimates catalyzed traders to bid up the lows we’ve been on lately. Soybean prices in Chicago were buoyed by a drop in production by the USDA in their September WASDE report, but also fresh news of China buying at least… Read More
This week finalized a tumultuous month for grain markets with China, weather, and crop conditions owning the headlines. While most grain prices on the futures board were able to find some gains for the week, it was a bearish month for the complex. As the table below shows, wheat and corn prices took the hardest… Read More
Grain markets took another hit this past week as elevated trade tensions on Friday topped some of the more bullish ProFarmer crop tour results. On Friday, China announced that they would institute another US$75 billion in import tariffs on U.S. goods, including another five per cent tariff on soybeans to take the total tariff to… Read More
With the wheat harvest half complete in Russia and wrapped up in Ukraine, analysts are looking at volumes available for export out of the highly competitive Black Sea region. Mike Lee is twenty year veteran of assessing crops in the region, and updates the globe through the Black Sea Crop Tour. According to Lee, both… Read More
As the calendar creeps towards September, pulse harvest is just beginning to get underway in Western Canada. Fall is also usually a pretty busy selling and shipping season for the export-dependent crops, but as Chuck Penner, with Leftfield Commodity Research, explains, trade uncertainty and less-than-stellar prices are dragging on the busy harvest season. RealAgriculture field… Read More
Grain markets in the second half of this week battled to recoup its losses from the first half after the USDA said there was way more corn planted and its yields would be better, basically contradicting everything that the market was expecting. The biggest surprise from the USDA on Monday was acres. Everyone and their… Read More