This week on ‘Between The Rows’

This week on ‘Between The Rows’

Episode 235, July 29, 2021

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Corn in Ontario is starting to tassel and generally looks healthy including this field near London.

July USDA report neutral for corn and soybeans but bullish for wheat

Ontario row crops are on pace for average yields if weather cooperates

Reading Time: 6 minutes The bulk of the Ontario growing region received 50 to as much as 100 millimetres of precipitation during the first half of July. The corn and soybean crops have been rejuvenated after a rather dry spring. We’re now projecting average type yields for the row crops.  Quick lookSoybeans: The Ontario soybean crop is rated about […] Read more

Statistics Canada’s recent acreage survey had Ontario corn acres down 2.1 per cent from 2020.

Corn, soybean, wheat basis holds firm

Demand for old crop soybeans coming in below expectations

Reading Time: 5 minutes Statistics Canada’s June acreage survey held no surprises. Corn, soybean and wheat acreage was similar to March data. There was some yield drag on corn and soybeans in the dryer regions of Ontario but crops have held up well. Basis levels remain firm due to tight old crop stocks and uncertain new crop production. Quick […] Read more

Ontario’s corn crop is up and growing, although some was recently hit by frost.

Less demand means soybeans to hit seasonal low from now to October

Chinese demand for corn will be a large and unknown factor for the 2021 crop

Reading Time: 6 minutes Ontario farmers were in the final stage of planting corn and soybeans during the last week of May. The region between Toronto and Windsor has received less than 40 per cent of normal precipitation over the past 30 days; cropping area north of Toronto has received 40 to 60 per cent of normal precipitation.  Timely […] Read more

There is worry that the extended period of high crop prices could leave farmers vulnerable if they are used as a base for cost of production calculations, particularly if prices fall and major production challenges happen as was seen in the 1980s.

How hot can prices get?

High prices can skew cost of production, making farmers vulnerable

Reading Time: 3 minutes Commodity prices have been strong for the past eight months. It’s been a boon for growers, though prolonged periods of decent returns can skew cost of production. Canadian growers could be open to significant financial hardship if they see sustained price reductions or major production challenges like those experienced in the 1970s and 1980s, after […] Read more

A cool early spring has turned into a dry and warm late spring, helping with planting, but not with crop emergence.

Timely rains needed to sustain yields in Canada and U.S.

Dry fields have pushed planting progress ahead of normal rate

Reading Time: 7 minutes Over the past 30 days, most of Ontario has received 60-85 per cent of normal precipitation. However, the region from Toronto south to Windsor is relatively dry.  Quick lookSoybeans: The 2021 U.S. soybean crop is expected to be much larger than in 2020.Corn: Demand for corn for cattle finishing is hitting seasonal highs.Wheat: Ontario wheat […] Read more

This winter wheat field is still growing in May 2021, but more than 100,000 acres were taken out of production, likely to be put into soybeans or corn in Ontario.

Brazil crop uncertainty boosts corn market

Commercial buyers struggle to find old crop supplies of soy

Reading Time: 6 minutes Compared to last year, Ontario farmers will increase soybean acres by two per cent and corn acres will be up 1.7 per cent, according to Statistics Canada. Ontario farmers are increasing row crop acres at the expense of spring wheat, oats and barley. As of May 4, about 12 per cent of the Ontario corn […] Read more

Soybean stocks in Ontario are expected to be low by the end of this growing season.

Ontario corn, soybeans hit highs, wheat slides

Markets are now focusing on upcoming North American production

Reading Time: 6 minutes Ontario corn and soybean prices made fresh 52-week highs in early April while elevator wheat bids have dropped 40 cents per bushel from the February peak.  Quick look Soybeans: Ontario soybean production is expected to be up in 2021 versus 2020.Corn: Crude oil’s increase is helping to underpin corn price.Wheat: Timely rains will be needed […] Read more

Corn shipped from the Gulf of Mexico continues to be competitive in world markets.

Market risk in South America erodes, causing limited market upside

Ontario crop exports should increase as Great Lakes shipping opens

Reading Time: 5 minutes The Ontario growing region has received less than 40 per cent of normal precipitation over the past 30 days.  Farmers are heading into the spring period with drier conditions and timely rains are needed for the winter wheat crop.  Quick look Soybeans: Markets soon to switch to watching North American planting progress.Corn: Ethanol margin increase […] Read more

Corn acres are expected to increase in the United States in 2021, but not as much as soybeans.

Volatile crop market expected in 2021

There’s little extra supply to endure a weather-related crop event

Reading Time: 3 minutes Glacier FarmMedia – Chip Nellinger has one central piece of advice for grain farmers heading into the 2021-22 crop year — fasten your seatbelts. “It’s going to be a real volatile, bumpy ride in my opinion this spring and summer,” the Blue Reef Agri-Marketing analyst said during the United States Farm Report segment of the […] Read more