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Tag Archives grain markets — page 13

A U.S. drought would add “another layer of bullishness” to the two crops that set the tone in world grain and oilseed markets, said DTN lead analyst Todd Hultman.
Markets, News

U.S. Midwest forecast is bad news for corn, soybeans

Weather patterns strongly indicate a prolonged hot, dry spell in the Midwest

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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
Despite a cool spring, soybeans got off to a good start, but the market may incorporate a weather premium if adverse weather develops during the main flowering season.
Markets, Markets/Business

Row crops off to a great start

Markets remain under pressure due to weather uncertainties and reduced export demand

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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
'If we cannot export another 50 to 60 million tons of grain from the next harvest, this will lead to famine in many regions of Africa and Asia.
News

Opinion: Stepping ever closer to world hunger

While Ukraine can export a lot of grain, it’s not being allowed to do so

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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 in the Northern Hemisphere, but trade flows are a different story. All eyes are on Russia for future market direction.
Markets, Markets/Business

Wheat production is in good shape, but trade flows uncertain

Ensuring Russia can satisfy traditional wheat markets will take political will

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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
The Ontario corn crop is expected to yield 9.7 million tonnes, up from the 2021 output of 9.5 million tonnes and up from the five-year average of 8.9 million tonnes.
Markets, Markets/Business

Big corn crop expected for Ontario

Uncertainty remains on U.S. production; July weather will be key

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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
Fertilizer supplies to one of China’s major corn-producing regions have been disrupted by COVID-related transportation restrictions.
Markets, News

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

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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
Ontario’s soybean crop has the potential to finish near four million tonnes, down marginally from the 2021 output of 4.1 million tonnes.
Markets, Markets/Business

Slow U.S. economic growth could depreciate Canadian dollar

Grain prices remain high, but a recession could change that

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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
The winter wheat crop in Ontario experienced less winterkill than expected and a harvested crop of 2.1 million tonnes is expected this year, down from the 2021 output of 2.7 million tonnes.
Markets, Markets/Business

Uncertainty continues to drive grain prices

High energy prices, inflation and export demand all supportive but weather woes could increase volatility

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Ontario elevator bids for corn and soybeans made fresh 52-week highs during mid-April for both old and new crop positions. Ontario farm stocks of corn and soybean will drop to bin-bottom levels at the end of the 2021/22 crop year. The domestic market is functioning to ration demand by trading at a premium to world […] Read more
The USDA Prospective Plantings report said that soybean acreage intentions were larger than anticipated, and U.S. corn acres were much lower than traders’ expectations.
Markets, Markets/Business

USDA crop reports surprise analysts

Despite export ban from Ukraine, there hasn’t been an increase in export demand for U.S. corn and wheat

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The markets are in a transition stage. Earlier in March, the focus was on nearby tight fundamentals due to the limited export potential from Russia and Ukraine. The “war premium” in the grain and oilseed markets appears to be eroding. Higher prices caused acute demand rationing.  Quick lookSoybeans: Ontario soybean stocks will reach historical lows […] Read more

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