Grain markets continued their march higher again this past week, as weather concerns, strong demand, and speculative buying continue to support the bulls. Wheat prices have been on a tear, with Chicago SRW values continuing to sit at 6-year highs on La Nina concerns. Meanwhile continued healthy Chinese demand for American corn and soybeans supported… Read More
Most of us learned early that you need to keep your promises if you want to be trusted. In politics, however, promises are rarely kept; instead, they’re wiggled out of, often after an election, giving politicians a terrible reputation in the trust department. In the last several years, supply management has not prevented Canada negotiating… Read More
Grain markets had another positive week of momentum on dry weather concerns and continued strong export numbers, albeit traders took profits on Friday, limiting the weekly gains. Corn closed above $4 USD/bushel on the Chicago futures board for the first time since August 2019 as exports (both sales and shipments) to China continue to grow…. Read More
This week marks 50 years since Canada, with a prime minister holding the surname Trudeau, formally recognized the government of the People’s Republic of China. Normally, golden anniversaries are cause for great celebration, but the world is not normal right now. Or at least it’s not in a state we want to believe is normal…. Read More
Statistics Canada’s recent September job market data is reassuring. Overall, employment in the country increased in September, creating 378,000 jobs, the majority of which were full-time jobs. This increase in September brought our total employment to 720,000, shy of the level we had before the pandemic. Obviously, children being back to school has helped bring some… Read More
Grain markets headed into the October long weekend on a high note after the USDA published a fairly bullish October WASDE report on Friday, October 9th, 2020. In it, the UDSA dramatically lowered soybean ending stocks, which helped propel the oilseed complex higher, including canola and soybean futures getting back up to levels not seen… Read More
Grain markets flipped the calendar this week on not only a new month, but also a new quarter, and there was plenty to digest. It really started in Tuesday’s wild U.S. Presidential debate, then was followed by Wednesday’s quarterly stocks and annual small grains production report from the USDA, and then finally, the news early… Read More
The U.S. is in the final stretch of the 2020 election with the debate spectacles soon to come. Many Canadians are watching the U.S. election, waiting for it to be over, but also wondering what the future holds for Canada-U.S. relations, regardless of the outcome. So much media attention has been given to what U.S… Read More
Grain markets pulled back this past week, something that many market participants, including yours truly, were expecting to see. Corn prices fell as harvest 2020 speeds up and the market is starting to consider the impact to ethanol demand, should a second wave of COVID-19 rage across the world this fall/winter. From a headline standpoint,… Read More
It’s official, we’re likely entering the twilight zone for grain markets. This week, we moved through the middle of September and grain futures are sitting at multi-year highs, yet it’s the time of year when we usually are seeing seasonal lows. The rally that we’ve seen since July has gone beyond just fundamental supply and demand factors, and… Read More
Grain markets continued to push higher, led by corn and soybean prices, as a friendly September WASDE report continue to bring more bulls to the table. Going into the report, the complex was focusing on demand line items and supply updates after a tough August of weather, and while the latter was recognized a bit, the USDA did… Read More
With the appointment of Lianne Rood as the shadow minister of agriculture this week, I think there will be a change in approach regarding agricultural issues between now and an election. Like her predecessor John Barlow, Rood has a strong background in agriculture and an eye on eventually being the minister of Agriculture and Agri-Food… Read More
Grain markets continued their unusual upward trend to start the month of September as, despite some weather concerns and harvest progressing, the bulls are holding fast for the complex. Futures markets continue to be buoyed by some strong new crop export sales and said supply concerns, all of which helped soybean prices climb to new… Read More
Grain markets all struck green this week as some production concerns, combined with decent export activity helped spur the complex higher. With the crop year changing over to 2020/21 on Tuesday, September 1, corn and soybeans futures led the charge as yield potential is being challenged more and more (thanks Mother Nature!) Put another way,… Read More
It was an idea with the best of intentions — to bring the five major Canadian seed-related member organizations together under the banner of Seeds Canada. The idea was to address government and stakeholders with one voice, lower delivery costs for programming, and ensure farmers have access to the world-class genetics they deserve and expect…. Read More
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