MarketsFarm – Soyoil prices at the Chicago Board of Trade (CBOT) have been tumbling of late largely due to the markets no longer being afraid of already tight global supplies becoming scarcer, according to Sean Lusk of Walsh Commercial Hedging Services in Chicago, Ill. Lush explained that the South American soybean crop wasn’t as bountiful […] Read more
Tag Archives commodity markets — page 2
CBOT weekly outlook: Fears over soy scarcity now gone
Hog sector to focus on margins in face of outside volatility
'Counter-cyclical' moves seen in markets
MarketsFarm — The hog sector has found itself caught up in the general uncertainty of many commodity and financial markets — making it more difficult than normal to predict where values could be headed. “We’re seeing a ton of volatility and it feels like we’re in a bit of transition on supply versus expectations,” said […] Read more
Global grain supply chains hit with Minor COVID-19 snags
Commodities continue to move well in the United States and Canada
World grain and oilseed markets are digesting the March 31 United States Department of Agriculture Prospective Plantings report while balancing demand implications of the COVID-19 pandemic. Quick look Soybeans: If demand continues, soybean carry-out should be lower in 2020. Corn: Market encouraging demand through lower prices. Wheat: Ontairo milling wheat supplies continue to be very […] Read more
Large global soybean supplies continue to weigh on prices
Late March USDA report expected to be bearish for corn, soybeans
Ontario wheat, corn and soybean prices have been somewhat immune to the meltdown in the world financial and commodity markets. Ontario corn and soybean prices are relatively unchanged from last month while wheat prices are down approximately 20 cents/bushel on average. The March Canadian dollar dropped to 72.67 U.S cents on March 9, the lowest […] Read more
U.S. grains: Corn hits two-week low on virus worries
Chicago | Reuters — U.S. corn futures fell to a two-week low on Monday as traders worried that the fallout from the coronavirus epidemic could include an economic hit to China, traders said. But soybean and wheat futures ended modestly higher, rebounding from multimonth lows on light bargain buying, strength in soyoil and supportive soybean […] Read more
Ending stocks drop driving long-term wheat market optimism
The Huawei executive trial could influence the Canadian soybean market
Ontario wheat, corn and soybean prices are relatively unchanged from early January. Ontario soft red winter wheat stocks will be historically tight at the end of the 2019-20 crop year, which has been supportive for domestic wheat prices. Quick look Soybeans: Ontario soybean prices supported by lower imports from the U.S. Corn: Strong northern U.S. […] Read more
Ontario corn stocks expected to hit historic low this year
Large exports and fewer acres for 2019 continue to reduce Ontario corn stockpiles
During the past 30 days, about 75 per cent of the Ontario cropping region has received 150 per cent to 200 per cent of normal precipitation. About 25 per cent of the crop area has received greater than 200 per cent of normal precipitation. There has been minimal seeding progress in Ontario due to extensive […] Read more
Stable soybean prices could mean a lower drop in U.S. acres than expected
Chinese interest in buying Canadian soybeans remains quiet due to political tensions
Compared to two weeks ago, Ontario old crop soybean prices are up 15 to 20 cents per bushel while corn and wheat prices are unchanged. Adverse weather has caused farmer selling to come in below expectations. Therefore, basis levels are functioning to enhance farmer selling. Argentina continues to experience favourable growing conditions; timely rains have […] Read more
Canada’s ag output seen likely rising under climate change
CNS Canada — A new United Nations report suggests just how climate change will reshape agriculture by 2050 — and that Canada’s production capacity stands to benefit. International trade will play an ever-larger role in helping to feed people in food-deficient regions, as warmer temperatures and less precipitation will damage yields in many tropical areas, […] Read more
Corn market remains bleak due to good U.S. growing conditions, despite lower stocks
Soybean prices continue to be hit by Chinese tariffs on American soybeans
The June 27 USDA report showed that U.S. farmers planted more corn, soybeans and spring wheat. The recent Statistics Canada planting survey showed that there was no change to Ontario soybean acres while there was a marginal decline in planted area for corn. Optimal growing conditions across North America have enhanced yield prospects for corn, […] Read more
Cyber-Savvy Farmer
