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
Tag Archives grain markets — page 15
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
Another volatile holiday week for grain markets
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
CBOT weekly outlook: All quiet on the CBOT front
MarketsFarm – The week between Christmas and New Year’s Day is typically a time for the markets to slow down, and at the Chicago Board of Trade (CBOT), that’s certainly the case. At approximately 10:50 a.m. CST, the volumes for both the highly-traded March corn and soybean contracts did not exceed 78,000, while a typical […] Read more
Pulse weekly outlook: Transport issues, cold weather may affect prices
MarketsFarm – While significant price movement for pulses has been hard to find as 2022 approaches, major impacts can still be felt when it comes to supply chains. “This time of year, it is very quiet for farmers, processors, exporters, shipping and everything overall,” said Lionel Ector, president of Diefenbaker Spice & Pulse (DSP) in […] Read more
Export demand at seasonal high for Ontario crops
Pandemic continues to push wheat market; demand is peaking for corn
Ontario corn, soybean and wheat prices trended higher throughout November and export demand for Ontario crops is at a seasonal high. World markets have set the domestic price structure. When the lakes freeze over, basis levels in the elevator system tend to soften. In addition to export demand, corn prices have been supported by historically […] Read more
Slow harvest pace results in stronger domestic basis levels
Corn, soy markets supported by strong energy prices, tight supplies
To say Ontario fields are saturated is an understatement. During the last half of October, the region southwest of Toronto received 60 to 90 millimetres of precipitation; farmers north of Toronto received 30 to 90 mm of rain while the Ottawa region also received 60 to 90 mm. The slower than expected harvest pace in […] Read more
Mustard supply crunch fuels price spikes
MarketsFarm – As the world’s largest producer of mustard, a sharp decline in Canadian production has already made a major impact on supply and prices. Despite an increase in seeded acres, Canada’s mustard production dropped 28 per cent to 71,000 tonnes for the 2021-22 marketing year, according to Statistics Canada’s September crop report. Of the […] Read more
Canadian spring wheat bids dip with Minneapolis futures
MarketsFarm – Losses in Minneapolis wheat futures weighed on Canadian spring wheat cash bids during the first week of November, although a softer tone in the Canadian dollar did lend some support. Durum bids across the Prairies were up on the week. Average Canada Western Red Spring (13.5 per cent) wheat prices were down by […] Read more
Canadian canola oil content well below average
Canada’s hot and dry growing season in 2021 cut into the oil content of the country’s canola crop, with preliminary data pointing to the second-lowest oil content of the past two decades. Preliminary sample data compiled by the Canadian Grain Commission shows average oil content for number one quality canola in 2021/22 at 41.9 per […] Read more
Feed weekly outlook: U.S. corn filling Canadian feed shortages
MarketsFarm – As winter approaches, corn is making up a greater appearance in feed channels, supplanting barley and wheat in the process. “In Western Canada, the yields were significantly lower than average. So we’re importing a lot of feed into Western Canada, mostly corn and corn with DDGs (dried distillers’ grains),” said Allen Pirness, manager […] Read more
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