Old crop corn and soybean prices in the United States will likely rally this spring, according to an agricultural economist.
Tag Archives corn markets
Commodity Classic: ‘Strong evidence’ for old crop price rally says economist
Booming renewable diesel industry seen as a positive
U.S. farmers face harsh economics with record corn supplies in silos
Growers miscalculated when they held on to corn rather than booking sales, experts say
Farmers across the United States are kicking themselves for putting off corn sales after fields dried up in May and June, fueling expectations for higher prices and smaller harvests. Instead, prices tanked as rains saved the crop. The size and speed of the price collapse stung farmers and left their storage bins stuffed with record amounts of corn.
USDA attaché sees improvement in Argentina wheat, corn
Recent hot spell in Argentina may have eroded potential corn yields
Ahead of the February supply and demand estimates from the United States Department of Agriculture, the department’s attaché in Buenos Aires issued their grain and feed update on Argentina.
Funds back adding to shorts in canola after month of covering
Corn traders were on the other side of the market
After a month of covering short positions, fund traders were back adding to their bearish bets to start December, with the net short position in the oilseed growing by roughly 13,000 contracts, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Why there’s so much U.S. anxiety over corn
U.S. corn stocks-to-use ratio is expected to inflate to a bloated 29 per cent next crop year, shredding already low prices
Glacier FarmMedia – Corn prices are going to tank in 2020-21, according to a leading agricultural economist from the United States corn belt. Why it matters: The U.S. market sets the base price for corn and many other crops in Canada, although Ontario producers are often buffered by a lower Canadian dollar. The U.S. Department […] Read more
Canadian dollar cushioning soy, corn prices
Oilseed crush has favoured canola over soybeans in Canada
Ontario wheat, corn and soybean prices are relatively unchanged, compared to two weeks ago. It’s that time of year where the grain and oilseed markets are focused on demand and South American growing conditions. Quick look Soybeans: Global soybean futures functioning to encourage demand. Corn: Local markets are encouraging corn imports. Wheat: Risk premium in […] Read more
Cool weather persists and will affect Ontario crop yields
Tours of the U.S. Midwest are finding lower yields than predicted by USDA
Temperatures in Ontario have been two to three degrees Celsius below normal over the past 30 days. Precipitation has been quite variable with the bulk of the central and northern regions receiving 40 per cent to 80 per cent of normal rainfall. Quick look Soybeans: The Ontario soybean crop is expected to have lower protein […] Read more
All eyes on today’s USDA supply and demand report
An updated acreage survey will shed new light on how many acres did not get planted
Precipitation has been quite variable across the Ontario cropping region throughout the month of July. Western counties received average precipitation but a large portion of the central and northern counties have received less than 40 per cent of normal precipitation. Eastern counties have received average to slightly below-average rainfall. Early yield estimates for Ontario corn […] Read more
Tight Ontario crop supplies to keep local demand strong
Low corn stocks and fewer wheat acres with quality concerns should support local prices
Corn and soybean markets continue to digest growing conditions on both sides of the border. Ontario received 40 per cent to 60 per cent of normal precipitation from June 15 through July 14. Crop conditions have improved after a very wet spring, therefore, most producers are projecting average type yields. Our contacts in Ontario believe […] Read more
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
Cyber-Savvy Farmer
