Planting delays in Brazil due to dry conditions have provided some support to global oilseed markets over the last month or so, but it’s too early to be concerned about dryness. That’s according to Pedro Dejneka, managing partner with AGR Brasil — a unit of AgResource Company, who shared the South American market outlook at the Cereals… Read More
Category: Cereals NA '14
With the recent rally in soybeans looking like it might be over, there could be some major downside to oilseed prices, according to the chief economist for AgResource Company. Bill Tierney, speaking at the Cereals North America conference in Winnipeg last week, called the rally “seemingly inexplicable,” as there were no significant changes in U.S…. Read More
While world grain supplies are growing rapidly after producing enormous global corn, soybean and wheat crops this year, Canada stands out with domestic stocks dropping after the bumper crop of 2013 to levels that are closer to average. “We’re seeing our stock levels forecast to drop now to fairly typical levels by the end of this crop year,”… Read More
A repeat of last winter’s logistical nightmare for grain in Western Canada is unlikely. That’s because a combination of factors, including the federal shipping mandates for CN and CP Rail, summer weather and a smaller 2014 crop, have reduced the size of the rail backlog, noted the head of the company that monitors grain movement… Read More
Changes in U.S. monetary policy could be worth paying attention to in the next year. After nearly six years, the Federal Reserve announced this week that it is ending “quantitative easing,” the bond buy-back program implemented to help the U.S. economy through the recession. The end of QE is seen by many as a step toward… Read More
Are you ready for corn prices down around $2.70/bushel, or soybeans under $7 next fall? Those numbers were included in some of the projections shared in Winnipeg this week, as market analysts and traders from around the world gathered for the second annual Cereals North America market outlook conference. The conference was organized and co-hosted… Read More