They’re not splashing in the green pool or swinging from the parallel bars in Rio, but like their athletic compatriots, American farmers are breaking records. That’s if you believe the latest numbers from the US Department of Agriculture. The USDA issued its monthly supply/demand report on Friday. Here are some of the upsets/highlights: A 7.1 bushels/acre… Read More
Tag: Brian Voth
Coming off record global production last year, world wheat supplies are massive. And yet, growing year-over-year ending stocks have not translated into a major decline in cash wheat bids for Canadian farmers. That’s mainly due to two related factors: the weak Canadian dollar and tightening Canadian supplies — a function of the weak dollar driving exports and farmers producing less… Read More
Canola supplies will likely be tight leading up to harvest this fall, and could be even tighter in 2017 based on StatsCan estimates, average yields and demand trends. “The market is definitely telling us supplies are not going to be as abundant as what we’ve had over the last few years, and I would say it… Read More
Haven’t we seen this before? Traders and analysts were expecting Statistics Canada to peg the 2015 canola crop at around 15.6 million tonnes in the agency’s latest production report released Friday morning. Pre-report guesses ranged between 14.5 and 16.4 million. Most farmers reported better than expected canola yields at harvest, so everybody was expecting the… Read More
Wheat futures have dropped sharply this week after spiking earlier this month, as the rising U.S. dollar is once again weighing on American commodities. The currency effect is also being noticed in the oilseed complex, as Canadian canola futures have climbed while soybean values in Chicago have fallen over the last few weeks. As part of this interview, Brian Voth, senior… Read More
Traders and analysts were taken aback by some of the key numbers in the crop production report from Statistics Canada released on Thursday morning. While the market was expecting a higher canola production estimate, it was not anticipating the major increase from the StatsCan estimate of 14.1 million metric tonnes in October to 15.6 million in… Read More
Keeping with the bearish trend in the grain markets, the USDA reported higher than expected corn and soybean yields and production in its monthly supply/demand report released on Thursday morning. The average U.S. corn yield was pegged at a record 171.7 bushels per acre, with total production of 14.4 billion bushels. For soybeans, the average yield for… Read More
A three-year deal still needs to be ratified by workers, but Canadian National (CN) railway reports today that a tentative deal has been struck with the Teamsters union and a rail strike has been averted. The threatened strike would have crippled an already severely taxed logistics system trying to move the huge 2013 crop. As… Read More
Farmers who banked on moving crop in September are running into road blocks left and right, even on the eve of November. A bumper crop across most crop kinds in all three Prairie Provinces is taxing Western Canada’s railway service and elevators are at or near capacity, even with huge piles of grain being stored… Read More
Several analysts and farmers were caught off guard by the significant move to the upside made in soybean, corn and associated markets earlier this week. Corn markets moved higher, yes, but the big boom came in the form of some significant weather risk weighing on the U.S. soybean crop. As you’ll hear in the SoundCloud… Read More