While pulse market challenges haven’t been grabbing headlines as much lately, there are longer standing issues with chickpea, pea, and lentil movement than say, canola’s recent run-in with China. Murad Al-Katib, CEO of AGT Foods, says that there are reasons to be optimistic on pulse markets heading in to 2020, even in the face of… Read More
Grain markets ended the month of November strongly as a shortened trading day on Friday, November 29th (due to the U.S. Thanksgiving holiday) saw significant technical selling, which pushed prices up. Corn gained eight cents while Chicago SRW wheat futures jumped 15 cents on Friday alone — helping the complex end the month on an… Read More
Grain markets were mixed for the 3rd week of November, but winter wheat prices finally had a green week of performance thanks to strong export activity and concerns of how the 2020 crop is starting out. Supporting the cash markets has been the slow state of Harvest 2019 and farmers being less inclined to sell,… Read More
Grain markets ended a shortened-trading week mostly in the red as the complex pulled back on concerns over a trade war deal getting done and ongoing weak demand fundamentals. While many analysts are saying that corn and soybeans are oversold and nearing technical support levels, the only thing that seems to be strengthening is basis… Read More
Grain markets ended the week mostly lower, as hiccups surrounding the release of the November WASDE report put a damper on things. On Friday, November 8th, the USDA was supposed to release their monthly estimates of world agriculture supply and demand at 12PM EST. Instead, their website crashed and the actual report wasn’t released until… Read More
Grain markets entered November on a mixed-week of performance, but most grain prices did find some positive gains for the month of October. Canola and hard red spring wheat were the only futures markets who didn’t find positive gains in October, suggesting that the price run-up at the end of September might’ve priced in anticipated… Read More
The pulse harvest in Alberta and Saskatchewan is in its late stages now, and although there are some anecdotal observations of better-than-expected quality, it’s not all ideal. “There is some sprouting, and there is a lot of earth tag,” says Chuck Penner, of Leftfield Commodity Research, adding the visual damage is worst for green lentil… Read More
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