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Tag Archives grain markets — page 15

Wheat is a commodity that strengthens when there is a fresh wave of COVID.
Markets, Markets/Business

Export demand at seasonal high for Ontario crops

Pandemic continues to push wheat market; demand is peaking for corn

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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
Markets, Markets/Business

Slow harvest pace results in stronger domestic basis levels

Corn, soy markets supported by strong energy prices, tight supplies

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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
Photo: Rezowan/Wikimedia Commons
Crops, Markets

Mustard supply crunch fuels price spikes

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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
Photo: Canstock
Markets

Canadian canola oil content well below average

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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
(Photo courtesy Canada Beef Inc.)
Markets

Feed weekly outlook: U.S. corn filling Canadian feed shortages

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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
Early yield reports for corn are lower than expected in Ontario, and are now expected to come in near 9.3 million tonnes instead of the projected 9.6 million tonnes.
Markets, Markets/Business

Rain slows Ontario harvest progress

Soybean yield looking strong, corn might be lower than earlier estimates

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Above normal precipitation over the past few weeks has slowed harvest progress in Ontario. The region north of Toronto received 20 to 40 millimetres of precipitation during the first half of October while the southern region received 70 to as much as 110 mm.  As of Oct. 19, Ontario farmers had harvested approximately 35 per […] Read more
Soybean harvest is moving along in Ontario, but is being extended by bouts of rain.
Markets, Markets/Business

U.S. soy prices grind lower on higher production, lower demand

Wheat price fundamentals are strong with lower production in many parts of the world

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As of Oct. 5, the Ontario soybean harvest was approximately 60 per cent complete while the corn harvest was in the early stages. Intermittent showers are in the forecast for the first half of October.  We’re in the process of getting a better handle on crop quality. Yield results confirm our production forecast. Basis levels […] Read more

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