Category: Markets

Cereals outlook: What will it take to move the wheat market?

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 »

Sideways or boom? — This week in the grain markets

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 »

Oilseed outlook: Chinese demand will continue to support soy price

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 »

Roquette sees Manitoba as a good fit for pea processing

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 »

Weather in the driver’s seat — This week in the grain markets

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 committed to pea import duty, says broker

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 »

Are we turning the corner on ag commodity prices?

Farmers are always hoping for higher prices in any market, but our wishes do not always come true. However, there are signs we’re turning a corner, with global demand outstripping supply. Many farmers and analysts have stared at their computer screen this fall to see Dec corn laser-locked around $3.50, along with other commodities like… Read more »

Returning to the average — This week in the grain markets

On Thursday the United States Department of Agriculture (USDA) came out with their monthly world agricultural supply and demand estimates (WASDE). Usually, November is a bit of a sleeper month, but given the delayed corn harvest in the U.S., there were some ideas that the USDA might provide the market something in line with the… Read more »

Competing bulls and bears — This week in the grain markets

Grain prices were generally trending higher this week before seeing a sell-off on Friday to erase a fair amount of gains. Simply put, bears became more competitive than bulls. Wheat and corn prices seem eternally rangebound as in the past few weeks they haven’t moved more than a quarter. Corn and soybeans were virtually unchanged… Read more »

Grains squeaking out gains — This week in the grain markets

Grain markets had a mostly down week as a stronger U.S. dollar (up 1.2% for the week) weighed on futures markets. However, with the Canadian dollar dropping 1.45% to below 78 cents USD, this meant cash grain prices in Canada improved a bit, especially in canola, flax, and wheat. While canola futures prices on the… Read more »

Milling wheat, durum and barley futures de-listed

Plans for a vibrant Western Canadian futures market for milling wheat, durum and barley similar to canola officially came to an end on Wednesday, as the board of directors for ICE Futures Canada approved the de-listing of the exchange’s three cereal crop contracts. In a notice to market participants, the Winnipeg-based exchange said its futures… Read more »

China’s economy still showing strong growth

Every week, there are mountains of global economic data to shuffle through. The past week’s info has Farm Credit Canada’s vice president and chief agricultural economist, JP Gervais, thinking about the direction of China’s economy. “If we just focus on China, economic growth of 6.7 percent — that’s actually pretty strong,” says Gervais, referring to… Read more »

Batter up — This week in the grain markets

Grain markets this week generally trended lower as rains in the Southern Hemisphere and harvest progress in North America hung over prices. Bulls continue to take a bat at headlines but rallies continue to face resistance from the size of global grain supplies. Oats and canola were the only winners for the week, with the… Read more »

Big plans for Ontario hazelnuts

Both the federal and Ontario governments are betting on the future of the province’s fledgling hazelnut industry. Last week, both levels of government announced support for the industry, which plans to have 25,000 acres of hazelnut trees in the province by 2027. Ontario Hazelnut Association project coordinator Andrew Nixon notes that the Ontario industry traces… Read more »

Beef Market Update: A flavour for strong beef demand

There’s a flavour for strong beef demand in the country, says Anne Wasko, market analyst with Gateway Livestock, which has producers feeling good about market positioning. Last week’s slaughter report showed a 6.3 percent increase in animals killed in federally inspected plants in Canada, when compared to last year at this time. It’s good news… Read more »