Both Canada and the United States released their export numbers for the month of October this week and there are some interesting takeaways. Fresh off last week's third quarter GDP numbers that were dragged down by weak exports, the Statistics Canada trade data pushlished on Tuesday showed rebounding exports. Canada's trade deficit shrank to a... Read More
Category: Markets
Statistics Canada published higher-than-expected estimates for several major Canadian crops in its crop production report on Wednesday. The report includes the final production estimates for 2017 (although they can still be revised for two years.) For canola, StatsCan estimates production of 21.3 million tonnes, up from 19.7 million in the September StatsCan report and 19.6... Read More
On Friday, Statistics Canada released its third-quarter economic report, which included an update on gross domestic product and job growth. With the Canadian government boasting a strong economy and North American Free Trade Agreement (NAFTA) negotiations in an arguably precarious situation, many experts are watching the domestic economic climate very closely. Some of the highlights... Read More
Grain markets started the month of December in the green, supported by the turning of calendars and a lower U.S. dollar. The decline of the U.S. Greenback was mainly related to a heavy geopolitical risk news day that pressured equity markets. This news included a North Korean missile launch, a new tax bill in the... Read More
Weather events, political drama, and moisture concerns in the Dakotas and Western Canada. They're all factors that could move the wheat market in 2018. It's just a case of where, when and to what extend. In this report from the recent Grain World conference in Winnipeg, Manitoba, Matthew Pot is joined by Rhyl Doyle from... Read More
Grain markets this week were fairly muted due to a shortened trading week at the Chicago Board of Trade. While Americans were crushing turkey and NFL football, Chinese import data was published, showing that they bought over 480,000 tonnes of vegetable oils in October — that’s a 78% increase year-over-year. Palm oil prices popped as... Read More
China's insatiable appetite for soybeans will continue to provide support for the oilseed crop through the next year. It will also be the catalyst for soybean acreage to surpass corn for the first time in 2018, says Bill Lapp, president of Advanced Economic Solutions. He shared his oilseed outlook during a panel discussion at the... Read More
Construction of Manitoba's new pea processing plant at Portage la Prairie is on schedule for its planned 2019 startup. John Buch, grain department manager for French food ingredient company Roquette, builders of the plant, shared the news at the Grain World conference in Winnipeg, Man. When the plant opens, Roquette will have pea processing capacity... Read More
Grain markets ended Friday in the green. However, for the week, prices were mostly in the red as some benign weather kept the bears in charge. Most eyes are on South America but planting is back up to the normal average now. Corn ended practically where it started, dropping only 0.07%. Oats lost nearly 6%... Read More
India’s decision to add a 50 percent import duty on peas is designed to help the country become self-sufficient in pulses, and the government appears to be steadfast in its commitment, says one of India's largest international pulse brokers. Anurag Tulshan, managing director of Esarco Exim Pvt Ltd, told delegates attending the Grain World conference... Read More