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
Tag Archives grain markets — page 11
2022 corn, soybean yields lower than expected
The amount of winter wheat harvested in Ontario, however, was above expectations
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
Grain prices under pressure
High elevator supplies and other market factors encouraging export demand
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
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
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