Somehow it’s already May, and we’re heading into a new growing season. Chuck Penner, of Leftfield Commodity Research, joins RealAgriculture’s Lyndsey Smith to talk about what trends are going on in the markets. Penner explains there are some rather intriguing shifts. “Some of the things that have really been on fire, some of smaller crops… Read More
Grain market continue to pull back in the last full week of trading in April as bearish demand and supply issues are keeping the bears in control. For the week, there was some negative positioning of sorts as the bears pushed contracts from the May to the July 2019 contracts on the futures boards. One… Read More
Grain prices finished a shortened trading week mostly in the red as the complex continues to ignore some negative weather forecasts on the basis that there’s amply grain stocks and that a crop today can get planted in a very short timeframe. Put another way, the bulls took a breather heading into Easter, with bears… Read More
Grain markets were served up another monthly instalment of the World Agricultural Supply and Demand Estimates (WASDE) this past week by the USDA, but if you didn’t know that, you might’ve missed it. The report came out as mostly expected, which was bearish, and since there weren’t too major surprises in this WASDE report, I’ve… Read More
To start the new month, grain markets are mostly able to retain their gains for the week, albeit Friday, April 5th was a mostly down day for the complex. For the week, Minneapolis hard red spring wheat was the biggest loser while oats led the complex in gains (what do oats know, though?) For HRS… Read More
In her first trip to Saskatchewan, Agriculture and Agri-Food Minister Marie-Claude Bibeau spent the day in Saskatoon discussing the issue of China blocking Canadian canola shipments with producers and industry stakeholders. Trade Diversification Minister, Jim Carr was also present during the two part meeting held late last week. Bibeau says they’re “ready to go” when… Read More
This just in: there’s lots of grain still out there. But you already knew this. With the last year of a trade war with China and another big harvest in 2018, the USDA reminded us on Friday, March 29th, that there’s still a lot of grain left out there. Corn was hit the hardest, as… Read More
There are oh-so-many factors at play in the oilseed complex, and the latest trade news (hi there, blocked canola shipments) does not bode well for the vegetable oil market. That said, soybean prices seemed to have encountered some price resistance at the mid-$9/bu price… could this be a bottom? Unfortunately, Chuck Penner, realist and founder… Read More
Grain markets worked through the third week of March with weather headlines drowning most of the Chinese trade issues in the U.S., but it was the opposite in Canada. In outside markets, global stocks and bond yields fell on Friday as fresh data points have amplified some thinking about a weakening world economy. On Thursday,… Read More
At a time when farmers are hammering out final crop plans, ranchers and feedlot operators are also looking ahead to ration formulations ahead of the first new-crop harvests. To get a sense of western feed markets, RealAg Radio host Shaun Haney invited Jim Beusekom, president of Market Place Commodities Ltd., on stage at the recent TechTourLIVE… Read More
Grain markets were able to climb off the lows this week as some bullish factors have started to come into play, as well as some technical relief. To start off, after the largest funds’ net short position since January 2018 helped test new contract lows last week, corn prices have picked up their socks a… Read More
Grain markets were served up a monthly WASDE report on Friday, March 8th, but the numbers didn’t bring any new bullish feelings to the table. Most of the numbers that the USDA produced were either pretty close to their February WASDE number, or the pre-report estimate (which, as you can tell for yourself below, were… Read More
When news announcers talk about “geo-political uncertainty,” or “bi-lateral trade disputes,” it all seems quite remote from the lives of most people. For Canadian farmers, though, it often hits very close to home because the overwhelming majority of Canadian agricultural production is exported. This is why when news that one of the Canada’s largest agriculture… Read More
The Canadian canola industry was dealt a serious blow this week, and as the dust settles, farmers and industry are wondering if this is could be the first volley in a impending trade war. Reuters is reporting China has canceled Richardson International Ltd.’s registration to ship canola to the country. This is according to documents obtained… Read More
Flipping the calendar at this time of year is less about leaving something behind and more about looking ahead — in this case, it’s on to planting and seeding. For areas of the southern U.S., time is already ticking and wet conditions are holding back planting, even while farmers in Ontario and parts of the… Read More