Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live hog futures rose for the fourth day in a row on Thursday, hitting its highest since May 2019 on follow-through buying after rising the daily trading limit on Wednesday, traders said. Strength in the cash market also supported hog prices but the market closed off its high […] Read more
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Drier South American conditions supporting soybean prices
Statistics Canada’s final crop survey confirmed above-average yields for Ontario corn and soybeans; however, winter wheat yields came in similar…
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Fertilizer price rebound delayed by COVID effects
Glacier FarmMedia – One of the largest manufacturers and retailers of nitrogen fertilizer products says an anticipated price rebound has…
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Canada has new top soybean buyer
Glacier FarmMedia – In 10 seconds or less, name the Number One buyer of Canadian soybeans in 2020. Japan? The…
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The top is likely in for soybean markets
At the beginning of December, Ontario elevator spot soybean bids were hovering around $15 per bushel, up 40 cents per…
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Increased soybean prices drive farmer sales
Ontario corn and soybean prices have been percolating higher over the past month. Domestic demand is moving through seasonal highs…
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Tighter global stocks should increase Canadian soy exports
At the time of writing, Ontario farmers had mostly wrapped up the corn and soybean harvests. Final yield reports confirm…
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Stories from our other publications
U.S. livestock: Hogs firm on follow-through buying, cash strength
U.S. beef export sales down on week
Feed weekly outlook: Barley, wheat at par in Alberta
Demand also seen for heated canola
Reading Time: < 1 minute MarketsFarm — Prices for feed barley and wheat are running about the same, from where Susanne Leclerc sits at Market Master Ltd. in Edmonton. Barley and wheat going into central Alberta were both running at $315 per tonne, she said. “We’re seeing buyer strength gaining coverage for the summer,” she said, but noted trading activity […] Read more
Few alterations seen in new global supply/demand report
IGC expecting more corn grown this year
Reading Time: < 1 minute MarketsFarm — There were few notable changes in the latest monthly supply-and-demand report from the International Grains Council (IGC) on Thursday. One of the more significant alterations was its 1.42 per cent increase to total global production from that in 2019-20, at nearly 2.216 billion tonnes. It also raises its estimate for this marketing year’s […] Read more
U.S. grains: Weak export sales report pushes soy, wheat lower
Weekly corn exports slip to eight-month low
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures fell 1.3 per cent on Thursday, after hitting a 6-1/2-year high overnight, on signs of poor export demand for U.S. supplies, traders said. Weak overseas demand also pressured the corn and wheat markets. “You had poor export sales,” said Jim Gerlach, president of U.S. broker […] Read more
Grain shortage, cold snap cause delays at West Coast ports
'...the vessels continue to arrive'
Reading Time: 2 minutes MarketsFarm — Grain movement in Western Canada remains faced with significant difficulties, according to Mark Hemmes, president of Quorum Corp., which monitors rail traffic and vessel movements in Canada. February’s cold snap resulted in grain movement across the region falling below its three-year average. The most pressing issue has been a shortage of grain to […] Read more
ICE weekly outlook: Profit-taking to pressure canola
Market appearing overdone
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts climbed to record highs during the week ended Wednesday as concerns over tightening old-crop supplies provided support. However, the market was looking overdone to the upside and profit-taking came forward to put some pressure on values. “The traders that are still long are playing the game of forcing the […] Read more
CBOT weekly outlook: South American weather woes lift soy, corn
Reading Time: < 1 minute MarketsFarm — While most of North America is recovering after a deep freeze last week, conditions in South America are still affecting prices in soybeans and corn futures at the Chicago Board of Trade. Dry weather conditions in southern parts of the continent, along with wet weather in Brazil, have limited both the harvest and […] Read more
U.S. grains: Brazilian storms push U.S. corn, soy futures higher
Cold-weather concerns support wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rose on Wednesday as storms in major production areas of Brazil disrupted fieldwork, threatening to slow export shipments from one of the world’s major suppliers, traders said. “Very heavy rains remain in the forecast for Brazil’s northern soybean belt, where farmers are trying to harvest this […] Read more
U.S. livestock: Hog futures limit-up to highest since May 2019
Cattle futures bounce on bargain buying
Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures rose their daily limit on Wednesday, hitting their highest in nearly two years on tight frozen stocks and expectations for strong Chinese demand, traders said. The U.S. Agriculture Department’s cold storage report issued on Tuesday afternoon fueled buying on Wednesday. “Belly and trim stocks are at four-year […] Read more
Pulse weekly outlook: Lentil prices increase
Reading Time: < 1 minute MarketsFarm — Lentil prices have been increasing over the last week, making gains of one to five cents per pound depending on the type, according to Prairie Ag Hotwire. “There’s a huge demand on everything right now. The lentil market is strong just like the yellow peas,” Allan Johnston, president of Johnston Grains at Welwyn, […] Read more
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