MarketsFarm – An influx of freshly harvested supplies saw weekly Canadian canola exports hit their highest level in nearly two years at the end of September 2022, according to the latest Canadian Grain Commission report. The 300,500 tonnes of canola exported during the week ended Oct. 2 marked the first time exports topped 300,000 tonnes […] Read more
Tag Archives grain markets — page 12
Weekly Canadian canola exports climb higher
September WASDE report lowers yields for U.S. corn, soybean production
Canadian production still on track from July Statistics Canada estimates
The Ontario growing region received 60 to 85 per cent of normal precipitation between Aug. 18 and Sept. 18, and temperatures were within average to two degrees above normal. In most Ontario counties, crops have developed under favourable conditions. However, some farmers are reporting yield drag northeast of Toronto in the Peterborough and Kawartha Lakes […] Read more
Corn, soybean prices likely to bottom out during harvest
Potential exists for interior prices to split from world values during this period
The Ontario growing region received normal precipitation during August and temperatures were also in line with the seasonal averages. Statistics Canada released its first model-based production estimate and Ontario yields were above average for corn, soybeans and wheat. The wheat market is expected to make a seasonal low in the latter half of September. Corn […] Read more
Jury still out on U.S. corn, soybean yields
August USDA report lowered corn, raised soybean expectations
From July 15 through Aug. 15, most of the Ontario growing region experienced average temperatures and normal precipitation. Eastern counties such as Durham, Northumberland, Peterborough and Hastings have been on the drier side but crops have held up fairly well. We continue to project above average yields for Ontario corn and soybean crops. The Ontario […] Read more
U.S. says no weekly agriculture export sales data until Sept. 15
Reuters — The U.S. Agriculture Department (USDA) on Wednesday said it would not publish weekly export sales data for crops such as corn, soybeans or wheat until Sept. 15 at the earliest, leaving grain traders in the dark about overseas demand. USDA is struggling to launch a new reporting system for the data, which has […] Read more
Above average yields expected for Ontario corn, soybeans
Markets bearish due to outside influences, particularly U.S.-Chinese relations
The Ontario growing region received average precipitation in July, and temperatures were two to three degrees below normal. Most farmers in Ontario are expecting above average yields for corn and soybeans. The winter wheat harvest is complete. There are no quality problems and yields are slightly above the five-year average. We’re expecting significant harvest pressure […] Read more
The 2021-22 crop year will go down in history as one of the most volatile
Some advice on market behaviour, and how it repeats because human behaviour never changes
The Ontario growing season received average precipitation in June and July and temperatures were two to three degrees below normal. Crop conditions favour trend type yields for corn, soybeans and wheat. Winter wheat harvest is in full swing. The corn crop has passed through the critical pollination phase. The forecast for the first half of […] Read more
Demand remains high for Canadian soybeans
Markets for livestock feed, vegetable oil and human food consumption continue to surge, leaving sector in optimistic mood
Glacier FarmMedia – Despite wobbly production, Canadian soybeans continue to ride a wave of promising future demand. Markets for livestock feed, vegetable oil and human food continue to surge, Soy Canada’s annual meeting heard. Why it matters: Opportunities for Canadian soybeans are plentiful but export challenges remain. “We’re seeing incredibly strong demand for what we […] Read more
North American acreage surveys show increase in corn, soybean plantings
Average yields expected in Ontario due to dry weather
A large portion of the Ontario growing region received less the 40 per cent of normal precipitation between June 10 and July 10. Temperatures were 3 C below normal across Ontario. The monthly weather forecast for Ontario calls for below normal precipitation and normal temperatures. There is potential for yield drag on corn and soybeans. […] Read more
U.S. Midwest forecast is bad news for corn, soybeans
Weather patterns strongly indicate a prolonged hot, dry spell in the Midwest
Glacier FarmMedia – A summer forecast calling for hot and dry weather in the United States Midwest will keep the corn and soybean bulls running if it comes to fruition, says an analyst. “It’s hard to rule out some kind of crazy prices this summer,” said DTN lead analyst Todd Hultman. A U.S. drought would […] Read more
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