Grains this week ended surprisingly barely changed, despite a record world agricultural supply and demand estimates (WASDE) report from the USDA. Going into the report, most of the market was expecting the USDA to update U.S. average yields as growing and crop conditions have been pretty good. Ahead of the report, the market was expecting an… Read More

Another growing season month is completed and there’s just about as many questions out there on the crop as there was at the beginning of the season. As usual, volatility ensues and this past week was no different, but mostly to the downside as any charges made by the bulls was quickly put to bed… Read More

Grains had another red-banner week…red being the colour that grain markets were wearing basically all week as weather risk premium and fund selling continued to plague the bulls. Rains from last weekend through next week are massively discounting the threat of high heat and high humidity being felt by those in major grain-growing regions across… Read More

Grains through the middle of May saw fund buying continue to try keep the elevated prices where they’re at after some bearish weather and crop progress reports. Some warmer temperatures in the forecast for June across many parts of North America’s major growing regions have been offset by some timely rains in many locations. More… Read More

Through the third week of May there has been much discussion around last week’s WASDE report from the USDA, as well as weather affecting planting. Oilseeds continued to make the most moves this week, as led by soymeal (up almost 9% for the week and now +46% since the start of 2016). Soybeans, while up 23% year-to-date,… Read More

Grain markets rode the roller coaster this week as a myriad of factors played into movements across the complex. Currencies, oil prices, weather forecasts, and money flow played a part in helping the market maintain or increase elevated levels. The oilseed market had a strong finish into the close of trading for the week, as oilseeds… Read More

With maps of moisture extremes popping up across the prairies, and predictions of another dry year, it’s hard to know what to make of seeding. But, as Murray Hartman, oilseed specialist with Alberta Agriculture and Forestry points out in this episode of the Canola School, there isn’t much sense in panicking. Not yet. Moisture Extremes… Read More

Grains this morning were able to make some gains on short-covering and more weather headlines scaring the bears away. Drew Lerner of World Weather Inc. says that the longer it takes for El Nino to dissipate, the likelier that we’ll see a drier spring in western areas of the Canadian Prairies. Conversely, Lerner suggested that… Read More

From the Agricultural Growth Act receiving Royal Assent to new questions surrounding the strange case of missing quarantined heritage sheep in Ontario, there’s plenty to discuss in this week’s ag news recap. Agriculture Minister Gerry Ritz, meteorologist Drew Lerner, McGill University’s Joe Schwarcz, Dave Solverson of the Canadian Cattlemen’s Association and others make it into… Read More

A high pressure ridge centred over western Saskatchewan and eastern Alberta will likely have a major influence on weather during the upcoming growing season in Western Canada, says the senior meteorologist with World Weather Inc. The impact from this wide ridge of high pressure will vary, depending whether you’re in front, underneath or behind it, explains Drew Lerner… Read More

Grains this week fell significantly as harvest pressure starts to hit full tilt in the North American markets. Most of the northern half of North America and parts of Australia are experiencing some cold weather, which has the bulls frothing to see prices move higher, but the trend continues to head lower as bears are… Read More

While the majority of the Western Canadian crop is no longer vulnerable to frost, there are still areas where wheat and canola, as well as longer-season soybeans and corn, are not ready for the freezing temperatures that are expected over the next few nights. According to Bruce Burnett, weather and crop specialist with CWB, between five and 10 percent… Read More