MarketsFarm — All eyes in the Chicago grain and oilseed markets are focused on weather conditions as the South American harvest progresses and North American farmers begin seeding their next crop. The U.S. Department of Agriculture’s monthly supply/demand report (WASDE), released Tuesday, left ending stocks projections for both soybeans and corn in the country unchanged […] Read more
Tag Archives ending stocks
CBOT weekly outlook: Weather in focus for Chicago grains, oilseeds
Heavy snowpack remains in parts of northern Plains
USDA stands pat on U.S. soybean, corn ending stocks
Soy, corn crop projections cut for Argentina
MarketsFarm — Projected ending stocks for soybeans and corn in the United States for the current marketing year were left unchanged by the U.S. Department of Agriculture in its latest monthly supply/demand report (WASDE) — coming as a surprise to market participants who had generally anticipated downward revisions to the carryout numbers. USDA left 2022-23 […] Read more
CBOT weekly outlook: U.S. planted acres in flux
USDA's next WASDE due out Tuesday; ending stocks expected to increase
MarketsFarm — Ahead of the April supply and demand report from the U.S. Department of Agriculture (USDA), Scott Capinegro of Barrington Commodities said he expects ending stocks to increase — while planted acres are likely to change. “After looking at the [quarterly grain] stocks numbers, you would think they would be lowering ending stocks just […] Read more
USDA sees increased EU canola imports, no extra from Canada
U.S. also projects higher Canadian ending stocks
MarketsFarm — The European Union will likely import more canola (rapeseed) this year than earlier thought, but any increased movement should come from Australia or Ukraine rather than Canada, according to updated projections from the U.S. Department of Agriculture. USDA raised its forecast for European rapeseed imports during the 2022-23 marketing year by 550,000 tonnes, […] Read more
ICE weekly outlook: Upswings likely out of question for canola
Canada's exports expected to ebb
MarketsFarm — Don’t expect any large increases in canola prices any time soon, according to Ken Ball of PI Financial in Winnipeg. In fact, there’s a good chance seen that old-crop canola could fall below its support level of $800 per tonne. Ball said 2022-23 canola ending stocks in Canada could increase because of the […] Read more
AAFC revises crop estimates
Export, new-crop production outlooks revised lower for flax
MarketsFarm — Agriculture and Agri-Food Canada (AAFC) on Friday released its February supply and demand estimates with numerous small changes. AAFC held its projections for 2022-23 grains and oilseeds production at 89.489 million tonnes. As for exports, the department reduced them from 45.715 million tonnes last month to now 45.49 million. Furthermore, domestic usage was […] Read more
Pulse weekly outlook: Chickpea stocks down; lentils, dry peas up
Chickpea prices unchanged before report
MarketsFarm — Statistics Canada on Tuesday tallied up increases in commercial and on-farm stocks of both lentils and dry peas, in its report on grain stocks as of Dec. 31, 2022. Unlike those two pulses, however, StatCan reported total stocks of chickpeas decreased, at 185,000 tonnes in December 2022 compared to 311,000 in December 2021. […] Read more
Grain stocks come in as projected
StatCan report deemed neutral for canola and spring wheat, supportive for durum
MarketsFarm — Stocks of Canadian grains at year-end appear to be pretty much in line with market expectations. Statistics Canada on Tuesday issued its report on stocks as of Dec. 31, 2022, which highlighted notable increases in most grains, further signaling a recovery from the 2021 drought. “Stocks reports are important because they confirm the […] Read more
AAFC issues first look at 2023-24
Oats production expected down significantly on year; wheat, canola up
MarketsFarm — Agriculture and Agri-Food Canada (AAFC) has released its first crop projections for 2023-24, forecasting a very notable drop in oats. In AAFC’s January supply and demand estimates, released Friday, it cut oat production to 3.611 million tonnes, down almost 31 per cent compared to 2022-23. The department chopped the carryout for oats by […] Read more
World wheat stocks to tighten despite larger crop, IGC says
Corn stocks also revised lower
MarketsFarm — World wheat production in the 2022-23 marketing year will likely end up slightly higher than earlier projections, according to the latest estimates from the International Grains Council. However, with usage predictions also rising, carryout stocks were revised slightly lower. In a report released Thursday, the IGC pegged 2022-23 world wheat production at 796 […] Read more