American soybeans acres are expected to be down this planting season.

Few prospects for soybean price to increase

Large U.S. stocks and good South American harvest likely mean decrease in U.S. acres

Compared to two weeks ago, Ontario corn and soybean prices are marginally higher. Iowa, Nebraska and Missouri have experienced severe flooding. Seeding in the Midwest may be delayed which usually results in lower yields. The corn and soybean futures markets are strengthening on the potential for lower yields. In the previous issue, we advised producers […] Read more

Klassen: Feeder market incorporates risk premium following U.S. floods

Compared to the previous week, western Canadian feeder cattle sold steady to $4 higher the week ending March 23. Favourable spring weather enhanced demand for yearlings from major finishing operations; Lethbridge-area markets were notably $3-$5 higher as feedlots focused on local cattle. While feeding margins remain in negative territory, strength in the deferred live cattle […] Read more

Brazilian soybean harvest is currently ahead of last year’s pace.

Canada in China’s soybean market penalty box

Ontario corn exports continue to be strong, likely meaning tight supplies in the province

Over the past two weeks, Ontario corn and soybean prices have dropped 15 to 20 cents per bushel for both old and new crop positions. Soft and hard red winter wheat prices are down 35 to 50 cents per bushel. Grain and oilseed futures are functioning to encourage demand through lower prices. Wheat futures are […] Read more

Klassen: Feeder market holds value

Western Canadian feeder cattle prices were relatively unchanged compared to seven days earlier. Buying interest for yearlings was somewhat stronger while calves in the eastern Prairie regions were softer. Moderate temperatures are in the seven-day forecast for most of Western Canada, so the risk discount due to adverse weather has evaporated. Barley jumped an additional […] Read more

European wheat is in good shape so far this year compared to 2018.

Wheat prices dropping as world supplies hit backlog

U.S. soy acres are down, but low prices aren’t driving a deep decline

Ontario corn and soybean prices are relatively unchanged from two weeks ago. However, winter wheat prices are down about 30 cents per bushel for old crop positions and 25 cents per bushel for new crop. Adverse logistical issues in the United States Gulf region have resulted in stronger wheat basis levels. While the wheat futures […] Read more