Tag: Matthew Pot

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 »

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 »

Bank of Canada announces earlier-than-expected interest rate hike

The Bank of Canada announced its second interest rate hike in two months, surprising analysts, and raising the target interest rate by one-quarter point to 1 percent. The last interest rate hike was announced in mid-July, and was the first increase the country had seen in over seven years. Many analysts had expected Bank of Canada… Read more »

Pro Farmer predicts 2017 corn and soybean yields slightly below USDA estimates

This week was a very intense week for crop scouts and the Pro Farmer crew led by Chip Flory and Brain Grete.  After the USDA caused quite an uproar a couple weeks ago with their August crop estimate report which came in above analysts expectations there was much anticipation for the Farm Journal crop tour…. Read more »

RealAg Markets: Second day of red all over the screen

The markets continued their strong bearish tone as grains and oilseeds pushed lower across the board for the second day in a row on Tuesday. On Monday, one excuse was that Friday’s bearish cattle on feed report sparked a push to sell. Expected rains in the U.S. midwest later this week have certainly driven some… Read more »

Where’s the weather rally staying?

Soybean futures have dropped to 14-month lows and corn is seemingly unable to break through a brick wall at $3.96/bu. The bears are seemingly winning over the bulls and their weather concerns. Soybeans broke lower last week from the Brazilian currency tanking with the JBS corruption scandal, which made Brazilian beans cheaper for foreign buyers (but did producers… Read more »

The US Raises Interest Rates and the Canadian Dollar Goes Up – What is Going On?

Markets move up and down on news, anticipation and results. The currency market has some somewhat predictable drivers of the value of a given country’s currency. This past week, the United States Federal Reserve raised interest rates 0.25% and the impact in the Canadian Dollar value against the US dollar was a head scratcher. Although… Read more »