Reading Time: 6 minutes Ontario farmers had planted 75 per cent of the corn crop and approximately 48 per cent of the soybean crop as of May 17. Over the past 30 days, the Ontario crop region has received less than 60 per cent of normal precipitation and temperatures have been five to 10 degrees Celsius below normal. While […] Read more
Tag Archives grain markets
Brazilian currency drop, China purchase of U.S. soy weighs on Ontario demand
Ethanol production increases again as global economy slowly improves
More U.S.-China trade spats could hit crop prices
North American crop planting is ahead of normal
Reading Time: 6 minutes We estimate that Ontario farmers will have planted 50 per cent of their corn and 10 per cent of their soybeans by May 10. The crop planting pace is in line with the average planting dates for Ontario. Quick look Soybeans: Three million acres of soys in Ontario is about the same as the five-year […] Read more
South American new crop weighs on global markets
Ethanol plant closures in U.S. reduce demand for corn
Reading Time: 5 minutes World corn and soybean markets are under pressure due to favourable spring weather in the United States and strong competition from South America for export business. Weaker energy prices are also weighing on row crops. Quick look Soybeans: Ontario soybean crop is expected to drop by 100,000 acres. Corn: U.S. corn carryout is expected to […] Read more
Grain price slump attracts bargain-hunting by importers
Reading Time: 2 minutes Hamburg | Reuters — The collapse in grain prices caused by concern about the global impact of the COVID-19 coronavirus has generated some bargain-buying by importing countries, traders said on Tuesday. But they said the extent was still limited and there were no signs importers were making especially large purchases to expand stocks. “We are […] Read more
U.S. crop fundamentals change as harvest arrives
A reduction in supply as of early September has improved crop prices
Reading Time: 5 minutes Above normal temperatures over the past month have accelerated development for corn and soybeans. We estimate that 60 per cent of the Ontario soybean crop was dropping leaves and 30 per cent of the corn was mature as of Oct. 7. The seven- to 10-day forecast looks favourable, which should allow the corn and soybean […] Read more
Analysts predict wild ride in meat, grain markets
‘We’ve never experienced a year like this,’ say analysts about the pork, corn market
Reading Time: 2 minutes Buckle your seatbelts and get ready for a wild ride in meat and grain markets in coming months, analysts told the Global Hog Industry Virtual Conference. The meat market may not have yet realized how big the African swine fever impact will be in China, and the United States corn crop is treading deeper into […] Read more
Weather effects could have large impact on U.S. crop levels and carryout
Fewer planted acres of corn will have an effect on other crop supplies and pricing
Reading Time: 5 minutes Ontario has received 115 per cent to 150 per cent of normal precipitation over the past 30 days; rainfall in the northern counties has been greater than 150 per cent of normal. Despite the excessive moisture, a four to five-day window during the middle of June allowed Ontario farmers to make significant planting progress. We […] Read more
Grain prices show decline with little reason to reverse direction
Corn, soybeans and wheat all have negative forecasts entering the growing season
Reading Time: 5 minutes Central Canada has received average to above-average precipitation over the past 30 days providing sufficient moisture for planting and early crop development. The macro situation for Ontario grain prices is somewhat bearish moving forward. Grain and oilseed futures continue to grind lower due to favourable harvest conditions in South America. Much of U.S. received above-normal […] Read more
Feed weekly outlook: Spring weather may swing Prairie feed markets
Reading Time: 1 minute MarketsFarm — Weather conditions have the potential to swing feed grain markets in Western Canada over the next few weeks, although prices generally remain steady for the time being. “Spring is here, and as the snow melts it creates mud, road bans and all that lovely stuff,” said Brandon Motz of CorNine Commodities in Lacombe, […] Read more
Chinese demand for Canadian soybeans goes quiet
Traders are connecting Canada’s arrest of a Huawei employee with the slower demand
Reading Time: 4 minutes Compared to two weeks ago, Ontario grain and oilseed prices are relatively unchanged for old crop delivery positions. However, new crop prices are unchanged to slightly lower. Seasonally, farmer selling tends to increase in January while export demand moves through a slower period. Argentina corn and soybean crops have experienced favourable weather; however, Brazilian soybean […] Read more
Sign up now for the FREE Farmtario eNewsletter, your daily Ontario farm and production news delivered to your inbox and you will be automatically entered to WIN a New Holland Compact Tractor PLUS Mower!