Grain markets this week were mainly trading relative to the headlines, taking cues from the U.S. dollar, free trade agreements, and dryness in both South and North America. The U.S. dollar dropped to its lowest level in three years this week after the U.S. Treasury Secretary said he didn’t care which direction it went. The… Read More
Category: Grain Markets
With adequate supplies of most crops, the grain and oilseed market is not giving Western Canadian farmers a strong signal to plant more of any major crop in 2018. At the same time, India’s tariffs on pulse crops have producers looking for alternatives to peas and lentils for some acres. From a strictly marketing standpoint,… Read More
Oat futures have climbed more than 30 cents a bushel since the start of the new year, raising the question: will more acres switch from wheat to oats? As of Wednesday, nearby and new crop oat futures in Chicago were in the 42 to 45 percent range relative to Minneapolis wheat. The flatter, quieter spot… Read More
In a winter where most crop markets don’t appear to be trying to buy more acres, mustard prices have been an exception. “For farmers looking for profitable opportunities, mustard is sticking out like a sore thumb right now,” says Chuck Penner of LeftField Commodity Research in the video below, filmed at CropSphere in Saskatoon earlier… Read More
When trying to explain why wheat prices are where they are, there are some concerns with dryness and protein levels affecting regional bids, but there is one dominant factor that’s underlying the entire market: Russia and its bumper crops. World wheat carryout has grown by over 20 percent in the last three years, with Russia… Read More
Grain markets this week were almost all higher! (Man, it feels good to say that.) With some production concerns in South America and short-covering in the futures market, we see markets head higher. For the week on the front-month contracts, soymeal was the big winner on the futures board, gaining 4.35%. This was mainly due… Read More
As growers look ahead to seeding, it seems every single cropping option has pricing issues, but there also opportunities to look for. Supply has been a challenge for wheat and corn while soybeans and canola have benefited from strong demand that has assisted in creeping acres higher. READ: 7 Deadly Sins of Grain Marketing Shaun… Read More
Grain markets the first full week of January were highlighted by the first World Agricultural Supply and Demand Estimates (WASDE) report of the calendar year on Friday. The report was generally viewed as bearish, but soybeans were able to catch a bid and rally more than a dime thanks to a smaller American yield estimate…. Read More
The USDA published some larger-than-expected estimates for corn and wheat in its January reports published on Friday, but the futures market — particularly for corn — showed little response. The January 12th data release included the monthly WASDE report, the annual Crop Production summary, the December 31st quarterly stocks report, and the first Winter Wheat Seedings… Read More
The USDA will release one of its most anticipated reports on Friday — the January World Agricultural Supply/Demand Estimates or WASDE. Some analysts have referred to it as the Super Bowl of USDA reports. As in sports, the pregame discussions and speculation can be almost as much fun as analyzing the score(s) after the fact…. Read More