Grain traders are questioning whether the USDA played an early April Fool’s Day joke with its corn acreage projection in the department’s March 31st acreage estimates. The Prospective Plantings Report included a projection of 93.6 million acres of corn in 2016, well beyond the trade’s average expectation of just under 90 million. The soybean acreage… Read More

Grains ended this week in the green, with soybeans leading the way at almost 1.5% higher for the week, and nearly 6% higher for the month of March. Canola is a close second, up over 1% for the week and over 5% so far in March. Wheat futures aren’t far behind, after seeing a slight push earlier in the… Read More

Evidence is adding up to show Western Canada really did grow a big canola crop last year, despite the drought. A combination of ample supplies, expanded crush capacity and the lower Canadian dollar are driving a rapid pace in canola consumption this year, both domestically and through exports. Canadian canola crush is up 12 percent from last… Read More

A lot of focus in the market last week was on the wheat market as warm weather from Kiev to Kansas is pushing fall-seeded crops out of dormancy much earlier than usual. After last week’s best weekly gain for wheat since October, investors’ focus will now turn to weather forecasts and the stocks and acreage… Read More

As we predicted in last week’s Friday column, grains started to pick up some steam in the second week of March, as the monthly WASDE report from the USDA was published. Global ending stocks were lowered a bit but the better catalyst for the move was the grains complex, which finally started to track oil’s move to the upside like… Read More

Grains started the month of March fairly hot, trying to rebound from its end of February, with more liquidity being added to the market and more bulls coming to the table on weather concerns. Nonetheless, given the size of the short position that managed money is holding on the futures board, there are some fundamentals… Read More

Satellites are helping depict a clearer picture (literally) of what Canadian farmers grow each year. Accurately predicting and measuring production of each crop grown in Canada has been an ongoing quest for the grain industry and government agencies since farming began in North America. Or at least since the start of the 20th century when E.Cora… Read More

Grains continued to trade sideways to lower through the end of February as the data points that keep coming do not support a reversal of the bearish market fundamentals. The market is taking into account more crop conditions from Europe and South America, while adjusting for the new forecasts for U.S. grain supply, demand, and… Read More

Grains this morning were able to make some gains on short-covering and more weather headlines scaring the bears away. Drew Lerner of World Weather Inc. says that the longer it takes for El Nino to dissipate, the likelier that we’ll see a drier spring in western areas of the Canadian Prairies. Conversely, Lerner suggested that… Read More

Oat futures in Chicago have fallen steadily since early December, dropping to their lowest level in over five years. “They just happen to be one of the uglier (markets) at the moment, both old crop and new crop. We’ve seen oat futures collapse quite quickly,” says Lorne Boundy, oat trader with Paterson Grain. “They’ve actually been… Read More

Grains this week followed the rest of the commodity and equity space lower, despite the U.S. Dollar losing more than 1% for the second week of February. Some short covering towards the end of the week helped soybeans stay in the green, but all other grains listed on the board dropped. Canola was a notable loser… Read More