The U.S. Department of Agriculture added to the bearish tone in grain markets with larger-than-expected yield, production and stocks estimates in a series of reports published on Friday. Both the headline corn and soybean yield numbers for 2023 were higher than all trade estimates prior to the report, with corn yield pegged at a record… Read More
Category: Grain Markets
How much crop have you got priced already? The last few years are the exception to the rule, where waiting to price at least some crop proved the better move. On average, incremental sales when the market moves in your favour is a sound grain marketing strategy. Current grain prices haven’t got many very excited… Read More
The weakest prices in over three years, combined with prospects of another drought, are expected to put a dent in canola acres as cropping decisions for 2024 are finalized. Unfortunately for those on the selling side, grain and oilseed markets have been posting losses like the Ottawa Senators or Columbus Blue Jackets rather than Jonathon… Read More
The union representing 384 employees at Viterra’s grain elevators in Saskatchewan and another 65 staff at the company’s office in Regina has suspended previously-announced strike action pending a vote on a revised offer from the company. Viterra updated its offer to members of the Grain and General Services Union (GSU) Locals 1 and 2 on… Read More
The market doesn’t care about your feelings. It’s a hard truth but a good one to remember when hesitating on pricing some crop or booking inputs. Why? Well, as Brian Voth of IntelliFarm explains, farmers can be comfortable paying higher prices for fertilizer to ensure they have it on-farm, but hesitate to lock in a… Read More
It’s not quite hitting the Canadian grain shipping corridors yet, but global issues with two canals and one border could have large impacts on world grain and product supplies. Let’s start in the Suez Canal. While not the highest ranking for grain movement, any disruption to a major shipping route has trickle-down effects on others…. Read More
The union representing employees who work at Viterra’s elevators in Saskatchewan and at the grain company’s head office in Regina is planning to make a decision in early January on whether to move ahead with strike action. Members of the Grain and General Services Union (GSU) Local 1 (Viterra Country Operations and Maintenance) and Local… Read More
When it comes to the past past, markets and market outlooks have leaned heavily to the bearish side. Steve Nicholson, global sector strategist for grain and oilseeds with Rabobank, is one analyst who is going against the trend, at leasts for wheat and oilseeds, including canola. Setting aside corn and beans and looking at wheat,… Read More
The Indian government has temporarily cancelled its longstanding and prohibitive tariff on yellow pea imports. A government order published Thursday completely removes the 50 per cent duty on peas effective Dec. 8, 2023 through March 31, 2024. Prior to the tariff taking effect in November 2017, India was Canada’s largest market for peas, accounting for… Read More
There is an early weather market making some noise for soybeans and corn in Brazil and funds making waves in the canola and wheat markets; however, there are some developments around the Black Sea region that may not be getting as much coverage that could also have big impact on crop prices next year. Neil… Read More