The Canola Council of Canada celebrated a return to normalcy at its annual meeting at the Canadian Crops Convention in Ottawa. “Our theme this year is ‘from adversity to opportunity’ and I think that’s very fitting,” said Jim Everson, the group’s president. Production has rebounded following the drought of 2021, meaning there’s opportunity to develop […] Read more
Tag Archives grain markets — page 10
Canola industry ready to move forward
Brazil could harvest record soybean crop
Large anticipated South American crop causing discount in North American new crop prices
Ontario corn prices have been relatively flat since the end of harvest. Commercial ownership of corn is considered burdensome at this time. Ontario corn demand surges in the latter half of the crop year which should result in stronger basis levels. Ontario soybean prices are trading near seven-month highs. Domestic crush margins have been enhanced […] Read more
China giving the U.S. the cold shoulder on corn
Political tensions between China and the U.S. and between Russia and the Ukraine continue to disrupt markets
Ontario corn prices appear to be consolidating. Export demand for Ontario has been minimal over the past month; therefore, the domestic prices have been based on local feed values. Ethanol producers appear to have sufficient coverage for nearby positions. Soybean exports continue to exceed expectations while demand from the domestic crush was driven by stronger […] Read more
Inflation remains top of mind for organic marketers
Organic produce sales in the U.S. declined in 2022 as consumers cut costs
Rising food prices are one of several factors creating turbulence in the organic marketplace. But, as attendees at the recent virtual segment of the 2023 Guelph Organic Conference learned, inflation will likely remain top of mind in 2023. For the first time in more than a decade of monitoring the U.S. marketplace, analyst Tom Barnes […] Read more
Surge in China’s economic output will drive demand for all commodities
Strong resource demand and end of interest rate hikes will strengthen Canadian dollar
Ontario corn prices slowly percolated higher throughout January. Farmer selling eased but commercial traders had sufficient ownership to cover nearby commitments, which tempered the upside. Soybean prices are marginally higher compared to the first week of January. Export demand during the month was stronger than anticipated and commercial supplies are decreasing. The market needs to […] Read more
Wheat market at seasonal lows; Black Sea deal tenuous
Soybean, corn markets watching South American production
Ontario farmers have sold the bulk of their corn, soybeans and wheat, so basis levels are expected to strengthen later in winter as commercial stocks decline. Statistics Canada will release its survey results of Dec. 31, 2022 farm stocks on Feb. 7. Ontario soybean prices are at the highest levels since August. Soybean export demand […] Read more
Mintec acquires Agribriefing to expand agrifood data offering
Paris | Reuters — British market intelligence firm Mintec announced on Tuesday the acquisition of Agribriefing in a deal it said would create a leading global provider of data on agricultural and food markets. Financial details were not disclosed. Agribriefing’s businesses include protein price-reporting agency Urner Barry and crop consultancy Strategie Grains, the latter acquired […] Read more
2022 corn, soybean yields lower than expected
The amount of winter wheat harvested in Ontario, however, was above expectations
Statistics Canada released its final crop survey Dec. 2 for 2022 showing corn and soybean yields were lower than expected. Ontario farmers harvested 9.44 million tonnes of corn, which was below our estimate of 10 million tonnes. Soybean production came in at 3.996 million tonnes. This was down from Statistics Canada’s September survey of 4.111 […] Read more
Soybean price strengthens, corn and wheat flat
South American production, extension to Black Sea Grain Deal and lower Chinese demand are factors
Ontario soybean prices have been percolating higher over the past two weeks. Farmer selling has eased. At the same time, domestic and export demand has improved, resulting in the firmer tone. Ontario corn prices have been relatively flat as the commercial system absorbs aggressive farmer selling. Ontario wheat prices remain under pressure. Domestic flour millers […] Read more
Grain traders keeping a close eye on Black Sea safety corridor
Russian wheat will saturate world demand if Western sanctions are lifted
Ontario soybean prices have been relatively flat over the past month but corn prices are down 40 to 50 cents per bushel from October highs. Harvest selling pressure is ending now that harvest has wrapped up across the province. Soybean crush margins continue to hover near historical highs. Values from domestic crushers are higher than […] Read more
Cyber-Savvy Farmer
