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
Category: Markets
Canadian farmers planted 22.8 million acres of canola and 7.3 million acres of soybeans this spring, according to the Statistics Canada acreage report published on Thursday. For canola, that’s well beyond the record area projected in April of 22.4 million, and 12 percent higher than the 20.4 million acres grown in 2016. While there are… Read More
November is always a very interesting time for the markets. Analysts begin to have an idea of the crop volume and quality and farmers and looking to solidify their new crop marketing plans and are already beginning to think about planting intentions for the coming spring. Farmers also have to increasingly pay attention to the… Read More
Grain markets started losing some of their lustre this week as favourable weather didn’t turn out to be so helpful for the bulls. Going into the last week of the quarter and the month, we’re about to get some major reports that the market is preparing for. On Thursday, June 29th, we’ll get Statistics Canada… Read More
Montana-based cattle membership organization R-CALF has launched a multi-pronged attack to convince President Trump to reinstate mandatory country of origin labelling (MCOOL) in the upcoming renegotiation of NAFTA. On Agritalk on Thursday, R-CALF CEO Bill Bullard argued for MCOOL on the basis it supports President Trump’s “America first” policy, food safety, and America’s sovereignty, since the… Read More
FarmLead, North America’s Grain Marketplace, announced today the launch of the FarmLead Basis Negotiation feature on its leading trade platform. The new feature allows buyers and sellers to post and negotiate basis contracts in addition to the existing options of cash contracts. The announcement complements the company’s continued expansion across North America. The new feature… Read More
Grain markets hit the mid-way point of June with more bullish weather driving prices into the green. Canola and soy oil were able to make up some losses from earlier in the week on the news that the U.S. EPA will release new biofuel requirements soon, helping the quota for advanced biofuels (corn-based biofuel needs… Read More
The cattle market has had more than a few surprises lately. After maintaining momentum to the upside longer than expected, the market saw a quick adjustment to the downside this week, as Anne Wasko highlights in this latest Beef Market Update. “Not that the downtrend wasn’t expected, we’re heading into the summer. We’ve had a… Read More
The Minneapolis Grain Exchange shattered its daily trade volume record on Tuesday, as traders responded to dry conditions and lower-than-expected crop ratings for U.S. spring wheat. MGEX reported 33,453 contracts traded on Tuesday — a 23 percent increase over its previous record of just over 27,000 in a day. The September spring wheat futures contract… Read More
Grain markets saw a nice pop this week as 2017/18 crop production concerns helped create some bullish buzz. Corn and spring wheat were the biggest winners of the week, both gaining 4.1% since last Friday, followed by Chicago wheat, up 3.85%. Canola wasn’t far behind, gaining more than 3% for the week, along with oats,… Read More