Grain prices this week did not fare so well as the complex dealt with outside pressure from other commodity and equity markets, harvests, and good growing conditions. Most front-month contracts on the futures board dropped 2-5%. The decline started Monday with economic data out China showing its factory activity contracted at the fastest pace in three… Read More

Statistics Canada today released its estimates of principal field crop stocks to July 31, 2015, including a bearish supply estimate for the canola market (see table below). Not surprisingly, most major crop totals were down substantially year-over-year, as 2014 levels reflected the stock still in the pipeline from the 2013 bumper crop. Total stocks of wheat decreased 32.0% from… Read More

There will be less wheat and slightly less canola grown in Canada this year than what analysts were expecting, if the first production estimates from Statistics Canada are to be believed. Prior to the report’s release on Friday morning, trade guesses for total wheat production ranged from 24.8 to 27.1 million metric tonnes. StatsCan pegged all-wheat at 24.6MMT, down 15.9 percent from last year…. Read More

A guest column by Frayne Olson, Crops Economist at North Dakota State University A farmer recently asked a very simple but extremely relevant question at a market outlook meeting: “Will I ever see high grain prices again in my lifetime?” The farmer asking this question started his farming career in the early 1980s and remembers the low commodity prices… Read More

The USDA took grain markets by surprise with the numbers in its August supply/demand report on Wednesday morning. Corn, soybeans and canola futures dropped sharply following the much larger than expected production and ending stock estimates. Soybean ending stocks for 2015-16 were pegged at 470 million bushels — up from the USDA’s estimate of 425 million, and significantly higher than… Read More

There’s been renewed interest in using producer cars to ship grain to customers in recent years, in part due to the backlog in the Western Canadian grain handling system following the bumper crop in 2013, as well as the entrance of new grain buyers after the end of the Canadian Wheat Board’s monopoly in 2012. As… Read More

First its monopoly was removed, and now the name will be history too. The Canadian Wheat Board (or CWB) formally became a private grain company known as “G3 Canada” today. G3 Global Grain Group — the joint venture between Bunge and the Saudi Agriculture and Livestock Investment Company — completed the $250 million acquisition of a… Read More

Grain and oilseed futures have dropped sharply over the last week, falling well off the summer highs set earlier in July. Weather premiums are shrinking as growing conditions have improved, or at least stabilized, across much of Canada and the U.S. corn belt over the last three weeks, explains Dave Reimann, senior market analyst with Cargill,… Read More