Farmers across Western Canada celebrated on Tuesday as it was the fifth anniversary of farmers gaining marketing freedom for wheat and barley, formerly known as ‘board grains’. On August 1, 2012 farmers were given control of marketing their own farm production. Wheat and barley no longer had to be sold through the Canadian Wheat Board’s… Read More
Category: Grain Markets
Grain prices this week pulled back on some benign weather and profit-taking by funds. ere able to gain a bit on not enough rains falling on key areas in North America. Chicago wheat was the biggest loser, down more than 3.5% for the week. Oats fell 2.3% while corn dropped 1.2% since last Friday. Soybeans… Read More
The markets continued their strong bearish tone as grains and oilseeds pushed lower across the board for the second day in a row on Tuesday. On Monday, one excuse was that Friday’s bearish cattle on feed report sparked a push to sell. Expected rains in the U.S. midwest later this week have certainly driven some… Read More
We’re heading into the apex of summer weather (and the volatility that can come with it). It’s corn pollination and soybean pod-setting season, while combines are starting to run on the earliest seeded pulses and cereals in the U.S. and even parts of Canada. More than anything, the market is mostly trading rain clouds and… Read More
Grain prices over the first two weeks of July are still swinging a bit wildly as the market is trying to price in the recent heat. Scorching temperatures hit most of North America before the USDA came out with their July WASDE report on July 12th, 2017. The report was met with some bearish skepticism,… Read More
Surging wheat markets mean there’s plenty of profit potential in high protein wheat, and Peter Johnson has some tips to help you cash in on those premiums. In this episode of RealAgriculture Wheat School, Johnson, our resident agronomist and shameless wheat promoter, shares protein management insights for growers in Western Canada and spring wheat growers… Read More
As we turn the calendar into July, we’re taking a look back at the markets over the last six months. We’ll also offer our expectations for the balance of 2017. In our 2017 Grain Markets Forecast (posted in January), we made several timestamped projections. You can review them here at your convenience. The U.S. Federal… Read More
India’s government has give notice of another six-month exemption regarding its fumigation requirements for agricultural commodities shipped to the country, but it looks like shipments to Canada’s largest pulse market could face another trade obstacle — much higher inspection fees — upon arrival at Indian ports. Saskatchewan Pulse Growers (SPG) says “additional clarity is required”… Read More
Grain markets were mostly quiet this week. Well, that’s not entirely accurate. Wheat was on fire. Everything else traded pretty much sideways. For the week, Minneapolis wheat gained over 15%, or more than $1 USD/bushel. More impressive was the 34% gain for the month of June, or the 40% improvement since April 1st (the start… Read More
Statistics Canada slashed its estimate for 2017 spring wheat area by almost 900 thousand acres on Thursday, providing further fuel to the fire that’s been the spring wheat market over the last month. Back in April, StatsCan projected 16.7 million acres of spring wheat. In the update published on June 29, spring wheat area is… Read More