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
Tag Archives grain markets
Analysts predict wild ride in meat, grain markets
‘We’ve never experienced a year like this,’ say analysts about the pork, corn market
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
U.S. grains: Soy down as supplies outweigh China demand
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to three-week lows on Thursday as improving crop prospects in South America overshadowed renewed Chinese demand for U.S. shipments. Corn futures also fell to the lowest in three weeks on concerns about demand from ethanol producers and as forecasts for rain in dry areas of Brazil’s corn […] Read more
Soybean, corn harvests finally near completion
Trade disruptions will continue to reverberate through the world into next year
Reading Time: 5 minutes Over the past couple weeks, limited harvest progress has occurred in Ontario due to adverse weather. Soybean harvest progress was estimated at 93 per cent complete as of Dec. 1; farmers had about 75 per cent of the corn crop in storage. Farmers have been active sellers of corn and soybeans, which has tempered the […] Read more
ADM earnings double, helped by U.S.-China trade row
Reading Time: 2 minutes Chicago | Reuters – Archer Daniels Midland Co’s net profits doubled in the second quarter and beat Wall Street estimates, after a drought in Argentina and the U.S.-China trade spat boosted the U.S. grain merchant’s trading and oilseed processing businesses. Shares were up 1 percent at $47.86 after touching a three-year high on the New […] 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
Reading Time: 5 minutes 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
Calmer U.S.-China relations have helped stabilize commodities markets
We are now in a weather market, especially for corn with quite tight stocks
Reading Time: 5 minutes Grain and oilseed markets have been digesting a calmer tone between Washington and Beijing regarding tariffs. Quick look: Soybeans: Widening futures spreads and strengthening Canadian dollar will likely bring down Ontario soybean basis levels. Corn: Tight supplies mean corn prices are sensitive to weather, but funds show they expect the tightest supply to happen next […] Read more
