Ontario corn and soybean prices have come under pressure as farmers continue to be aggressive sellers. Weather conditions have been optimal for harvest and off-farm movement. Supplies of corn and soybeans in the elevator system are burdensome and the market is functioning to encourage export demand. The domestic soybean crush has moved into high gear […] Read more
Tag Archives grain markets — page 11
Grain prices under pressure
High elevator supplies and other market factors encouraging export demand
ICE weekly outlook: Watch for canola to climb higher
MarketsFarm – There’s the possibility of the nearby January canola contract reaching upwards to C$1,000 per tonne, according Winnipeg-based analyst Wayne Palmer of Exceed Grain. “I think you got canola somewhere in the winter months maybe trading close to $1,000 again in January,” he said. Palmer placed his suggestion on the sharp upticks that soyoil […] Read more
Ukraine grain export deal back on as Russia resumes participation
Ankara/Kyiv | Reuters – Russia said on Wednesday it would resume its participation in a deal freeing up grain exports from war-torn Ukraine, reversing a move that world leaders had said threatened to exacerbate global hunger. Moscow announced the sudden reversal after Turkey and the United Nations helped keep Ukrainian grain flowing for several days […] Read more
Green peas regain premium over yellows
MarketsFarm – Solid demand and tighter supplies have seen green pea bids regain a premium over yellow peas in Western Canada, although the market for both varieties remains solid overall. Green peas historically trade at premium to yellow peas due to higher quality specs and concerns over bleaching, but increased domestic demand for yellow peas […] Read more
Ontario soybean yields vary widely from field to field
Some growers in dry regions saw lower yields, but overall provincial yield is likely to be average
Drought conditions this summer lowered soybean yields in much of the province, but they were far from uniformly poor. Some growers harvested their best soybean crop ever. “Dry conditions have really been the main thing. If you got rain, you might have had the best year yet,” says Emma Epp, certified crop advisor and co-owner […] Read more
Ontario crop production estimates in line with field observations
USDA forecast remains bullish on corn, wheat
The Ontario corn and soybean harvests are in the final stages. Yield reports continue to confirm Statistics Canada’s production estimates. Farmers have been aggressive sellers off the combine. At the same time, offshore exports are increasing for corn and soybeans as prices remain competitive on the world market. The domestic soybean crush has improved now […] Read more
ICE weekly outlook: Sideways canola market due for a move
MarketsFarm – The ICE Futures canola market largely held within its well-established sideways trading range during the week ended Oct. 26, with only the nearby November contract breaking higher as short-covering ahead of its expiry gave the month a boost. The January contract has held in a narrow range between C$860 and C$880 per tonne […] Read more
CBOT weekly outlook: Soybeans shift into wintertime trading
MarketsFarm – As the United States soybean harvest surpassed 80 per cent complete, trading of the commodity on the Chicago Board of Trade slipped into wintertime mode, according to broker Ryan Ettner of Allendale Inc. “Switching to wintertime trading means we are going to put more focus on South American weather. And it means we […] Read more
Global grain stocks near worrying decade low
The world’s buffer stocks of corn will be enough for just 80 days’ worth of consumption by the end of 2022-23 crop year
The world is heading toward the tightest grain inventories in years despite the resumption of exports from Ukraine because the shipments are too few and harvests from other major crop producers are smaller than initially expected, according to grain supply and crop forecast data. Poor weather in key agricultural regions from the United States to […] Read more
Harvest yield reports confirm StatCan production estimates for corn and soybeans
As harvest progresses, some farmers are reporting better than expected results
Ontario farmers had harvested approximately 50 per cent of the soybean crop and 10 per cent of the corn as of Oct. 4. The 14-day weather forecast for southern Ontario calls for average temperatures and minimal precipitation. Average to above average precipitation is in the forecast for the latter half of October, which may result […] Read more
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