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Tag Archives grain markets — page 14

Ontario corn is seeing more export demand as the price of corn rises in Europe due to the drop in exports from Ukraine.
Markets, Markets/Business

Global instability drives crop price effects in Ontario

Potential large crop in Brazil could limit Ukraine export impact

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Ontario grain and oilseed markets continue to digest uncertainty in world production and trade due to the Russian invasion of Ukraine.  The longer the conflict continues, the less likely that Ukraine corn and sunflower planting and will occur under normal conditions. The ability to harvest Ukraine winter wheat this summer is also questionable. Ontario farmers […] Read more
More than 95 per cent of Ukraine’s crop is winter wheat and it was already in the ground before the conflict began. The fate of that crop is more likely to be determined by spring rains than war, according to Rich Nelson, Allendale Inc.’s chief strategist.
Markets, News

Fate of Ukrainian wheat crop uncertain

Winter wheat will be more dependent on rains but war will affect spring-planted crops

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Glacier FarmMedia – Ukraine’s Maritime Administration has announced that the country’s ports will remain closed until the Russian invasion is over, putting a halt to old crop exports. That is stranding an estimated five million tonnes of old crop wheat that was destined for export, according to AHDB Cereals and Oilseeds. Why it matters: The […] Read more
The Russia/Ukraine conflict will have the greatest effect on wheat, because these two countries account for 14 to 17 per cent of global production.
Markets, Markets/Business

Grain markets reach historic highs in March

Russia’s invasion of Ukraine will affect wheat prices the most moving forward

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World grain and oilseed markets have incorporated a risk premium due to the Russian invasion of Ukraine.  Ontario corn, soybean and wheat prices have made fresh historical highs during the first couple weeks of March. This rally comes on the heels of an extremely tight fundamental structure for Ontario grains and oilseeds. Ending stocks are […] Read more
Soybean markets poised to respond based on war footing
Markets, Markets/Business

Soybean markets poised to respond based on war footing

Corn and soy supplies expect to hit historical lows at end of crop year

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Editor’s note: This market analysis was mostly-prepared before the impact of the Russian invasion into Ukraine. As a result, many global commodities are in sway due to a multitude of unforeseen circumstances now in play. Statistics Canada released its Dec. 31 Stocks Report last month. This report is important because it confirms the production estimate […] Read more
Larger than initially anticipated corn and soybean exports will likely occur due to lowered South American production estimates.
Markets, Markets/Business

Risk premium factors in futures market for corn, soybeans

U.S. supply also tighter than anticipated

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Two main factors are influencing Ontario corn and soybean prices. First, the futures markets are incorporating a risk premium due to uncertainty in South American production. Drier conditions in Argentina have lowered crop prospects for the row crops. Harvest is in the early stages in Brazil and yields are disappointing. We expect to see lower […] Read more
Demand for U.S. corn will keep the market strong until Brazil’s second corn crop is available for export in late May.
Markets, Markets/Business

South American soybean production may cause market volatility

Corn prices remain high due to feed demand, wheat in seasonal low

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Ontario corn prices are relatively unchanged from last month. All three pillars of corn demand are at seasonal highs. Ontario corn exports are running ahead of year-ago levels while strong energy prices support the year-over-year increase in ethanol production.  Cattle on feed inventories tend to peak during the winter. Ontario soybean crushers continue to show […] Read more
In January elevator bids for corn were the highest they’ve been since August 2021 and bids from ethanol processors were at a 20 to 30 cent per bushel premium.
Markets, Markets/Business

Strong energy prices support increased corn, soybean market values

Domestic market demand and uncertainty surrounding South American crops also contributing factors

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Ontario soybean prices have risen $1 per bushel over the past month. The domestic market is being pulled higher by the energy complex and stronger meal values. Soybean exports are lagging last year’s pace. The fundamentals are somewhat bearish unless South America has adverse weather conditions.  Ontario corn prices are up 20 cents per bu. […] Read more
Ontario produced 9.5 million tonnes of corn according to the Dec. 3 crop survey from Statistics Canada. Canadian crop-year-to date corn exports for the week ending Dec. 12 were 354,500 tonnes, up from the year-ago pace of 263,800 tonnes.
Markets, Markets/Business

Most recent StatsCan crop survey shows 2021 was record year

Corn, soy and wheat all came in above 2020 levels, but slightly lower than September estimate

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Statistics Canada released its November crop survey Dec. 3, showing Ontario corn production at 9.5 million tonnes. This was down from the September estimate of 9.6 million tonnes but up from the 2020 crop of 8.9 million tonnes.  Ontario farmers harvested 4.1 million tonnes of soybeans. Although this was down from the September estimate of […] Read more
On the morning of Dec. 30, the nearby January canola contract apparently hit a new all-time high. Photo: File
Crops, Markets

Another volatile holiday week for grain markets

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MarketsFarm – As trading is most often volatile between Christmas and New Year’s, this week did not disappoint. Canola pretty much ran the gamut, swinging higher one day, falling back the next. During the overnight session that ended on the morning of Dec. 30, the nearby January contract apparently hit a new all-time high when […] Read more

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