Grain markets ended the month of November mostly in the green as optimism around of the trade war between the U.S. and China ending helped pushing the complex higher. A lot of focus to end the month was down in Argentina, where this week’s G20 Summit is taking place and many meetings between country leaders… Read More
Category: Grain Markets
Grain markets traded mostly lower this week as the complex dealt with thin volume on the shortened trading week, due to the U.S. Thanksgiving holiday. More broadly, grain markets are watching for any news on trade negotiations between the U.S. and China. Weather out of South America is usually a catalyst for this time of… Read More
The green light has been given to Parrish & Heimbecker, Limited (P&H) to build and operate a new export facility located at Surrey, B.C. The company received approval from the Vancouver Fraser Port Authority just last week. Construction is expected to start before the end of the year, and once completed — in roughly two years —… Read More
Grain markets trekked through the middle of November fairly mixed as for the week with soybeans making strong gains, but corn and canola losing ground. Similarly, Minneapolis HRS wheat and Kansas City HRW wheat ended the week lower, but SRW wheat and oats futures in Chicago actually made some healthy gains. Most of the week… Read More
Grain markets ended this past week all lower as the complex took note of some larger inventories in this week’s November WASDE report, and not the smaller U.S. yields. Updates from China’s National Bureau of Statistics (NBS) were incorporated into this month’s WASDE report. Basically, if not for China, this might be considered a bit… Read More
When farmers talk about commodity markets, the conversation most often focuses on the fundamentals — everything from supply and demand to crop carryover. Rarely do you stumble upon a conversation where technical market analysis indicators are being hotly contested over coffee. Technical analysis, basically forecasting the direction of prices through the study of past market data,… Read More
So often grain markets take the stairs up, but the elevator down. If you’re getting dizzy watching global trade and global markets racing up and down like a rollercoaster, you’re likely wondering what the impact is of all this volatility. Craig Klemmer, principal agriculture economist for Farm Credit Canada, joins Shaun Haney for a frank… Read More
Grain markets were able to find gains as they entered the first few days of November, mainly driven by some rumour-driven optimism around the trade war between the U.S. and China ending sometime soon. After posting a monthly low to end October, soybean prices jumped about 4% in a few minutes on Thursday after a… Read More
Grain prices this week dipped lower as the complex dealt with some U.S. export numbers that came in below expectations and harvest 2018 picking back up. However, things might slow again soon as it looks there are a few spots that might get rain over the weekend or into next week, which would intuitively slow… Read More
Grain markets this week mostly ended lower as the complex dealt with the pace of Harvest 2018 picking back up. The losses were mitigated by a mostly positive day of trading though on Friday, which helped canola and oats end the week in the green. On that note, I’ve been getting a lot of questions… Read More
On Thursday, October 11th, the USDA released the October WASDE report, showing a smaller U.S. corn crop, but still some relatively large global supplies, notably in soybeans. Going into the report, the market was a bit bearish, expecting 2018/19 corn, soybean, and wheat carryout in both the U.S. and around the world to increase. However,… Read More
After a very poor day for equities for the second day in a row, the World Agricultural Supply and Demand Estimates (WASDE) report pushed corn and soybeans higher and wheat lower on the day in the futures market. The market did not move substantially today, but some analysts hoped the market would of moved higher… Read More
Soybeans have been on a wild ride the last few days, riding news of high stocks, news of the U.S./Mexico/Canada trade agreement (USMCA). What’s a farmer to do? RealAg Radio host, Shaun Haney spoke with Arlan Suderman, chief commodities economist at INTL FCStone Inc., to talk soybeans’ recent woes. “I think that there’s a lot… Read More
Grain markets ended the last trading week of September mostly in the red, weigh on by relatively bearish stocks report from the USDA. Oats and canola prices were the only crops that were able to end the week in the green as concerns about the Western Canadian harvest continue to mount. The gains made this… Read More
Grain markets this week ended mostly higher as the complex has potentially digested the entirety of the U.S.-China trade war and a record American crop. Specifically to Canadian grain prices, contrasting fundamentals kept prices relatively flat this week. On the bearish side, the September satellite-based crop production estimates came out with numbers that were all… Read More