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
Tag Archives grain markets — page 13
Demand remains high for Canadian soybeans
Markets for livestock feed, vegetable oil and human food consumption continue to surge, leaving sector in optimistic mood
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
Row crops off to a great start
Markets remain under pressure due to weather uncertainties and reduced export demand
There is an old saying, “the top in the market is in place when commodities make headline news.” On May 19, The Economist warned of mass hunger. Time magazine reported that millions of people are going to starve. The Guardian’s front-page headline on May 21 was “Apocalypse Now?” Chicago December corn futures made a high […] Read more
ICE weekly outlook: The larger picture behind drop in canola
MarketsFarm – While the declines in canola prices can be partially attributed to the lack of major weather concerns on the Canadian Prairies and the early development of this year’s crop, an analyst said the main reason is on a grander scale. “The major one is the overall drop in the commodity world. For instance, […] Read more
Opinion: Stepping ever closer to world hunger
While Ukraine can export a lot of grain, it’s not being allowed to do so
A month ago, a photo of a peasant household in one of the villages of northern Ukraine, liberated from Russian troops, was spread around social networks. It showed the occupiers had deliberately scattered grain over dirt so that it could not be used. I have already talked about the huge losses suffered by Ukrainian farmers […] Read more
Wheat production is in good shape, but trade flows uncertain
Ensuring Russia can satisfy traditional wheat markets will take political will
Over the past 30 days, as of mid-June, the Ontario growing region received normal to above normal precipitation and temperatures were two to three degrees Celsius above average levels. In some cases, the northern regions received record rainfall. Corn, soybean and wheat crops are experiencing greenhouse conditions. At this stage of the growing season, we […] Read more
Big corn crop expected for Ontario
Uncertainty remains on U.S. production; July weather will be key
By the end of last month, Ontario farmers had wrapped up planting operations for corn and soybeans. Crops held up fairly well through the derecho storm on May 21, which extended from Sarnia through Ottawa. Localized areas had hail and some crops experienced leaf damage from extensive wind and rain. Ontario crops received 60 to 85 […] Read more
COVID-19 lockdowns could delay Chinese corn
Country has restricted movement to slow spread of the virus, making it difficult for farmers to return from their city jobs
Corn planting in one of China’s major producing areas could be delayed as many of the region’s millions of farmers struggle to return home from temporary city jobs because of strict coronavirus lockdowns. Why it matters: Lower yields for Chinese crops would mean more demand for those crops from exporting countries like Canada. Any delay […] Read more
Slow U.S. economic growth could depreciate Canadian dollar
Grain prices remain high, but a recession could change that
According to Statistics Canada, Ontario farmers will increase corn acres by eight per cent compared to last year and Ontario soybean acres will see a year-over-year increase of three per cent. Last fall, Ontario farmers decreased winter wheat acres by 13 per cent from the previous year, which made room for the year-over-year increase in […] Read more
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