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
Tag Archives grain markets — page 12
CBOT weekly outlook: Soybeans shift into wintertime trading
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
Weekly Canadian canola exports climb higher
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
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
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