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Tag Archives grain markets — page 16

Markets, Markets/Business

StatsCan reduces yield projections for soy, increases corn yield

Satellite-based modelling may not reflect true potential for soy, as field and crop tours show yields should be higher

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Ontario and U.S. corn and soybean production estimates have been raised since last month. Statistics Canada released its satellite model crop estimates based on conditions in late August.  The Ontario corn yield was raised by 9.7 bu./acre from the August release and Statistics Canada trimmed the Ontario soybean estimate but it is important to realize […] Read more
The fundamentals for corn and soybeans will remain historically tight for the 2021-22 crop year so the markets are very sensitive to production estimates such as the one recently released by Statistics Canada.
Markets, Markets/Business

Statistics Canada yield estimates useful for market predictions

Hurricane Ida, good Canada and U.S. soybean crops factor into projections

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Statistics Canada released its first yield and production estimate on Aug. 30.  Satellite technology was used to model crop yields as of July 30 and the actual harvested area was based on historical averages. Winter wheat production came in at 2.6 million tonnes, which is the largest crop since 2016. Corn output could reach a […] Read more
When the mainstream media is reporting about high crop prices, it’s likely a sign that the top of the market has been reached.
Markets, Markets/Business

Markets education started at the farm

A global lens on crops is critical for profitable marketing decisions

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I’ve been writing the Farmtario market column for some time and have enjoyed the feedback from farmers and industry representatives. Every year has a specific set of challenges. No two years are the same, although we often compare weather to a specific year in the past. This is the main factor that makes commodity analysis […] Read more
“We’re in a situation now where we are trying to get silos emptied before harvest starts, and it’s looking like that’s not going to happen. Again, it’s because we can’t ship them.” – Martin Vanderloo
Markets, News

Shipping container crisis

What do old crop soybeans stuck in Ontario elevators mean for the 2021 harvest?

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A shortage of shipping containers to export last year’s Identity Preserved soybeans is plugging elevators just as Ontario farmers prepare for a record harvest this fall.  Martin Vanderloo, president of Huran Commodities Ltd., says he’s facing the most difficult shipping conditions he’s ever seen, a crisis he attributes to a change in how shipping companies […] Read more
Corn is developing well in Ontario due to adequate rain and heat.
Markets, Markets/Business

Above-average yields likely for corn, soybeans

Weather in critical month of August favourable for seed development

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Most of the Ontario growing region has received 115 to 150 per cent of normal precipitation in the last 30 days. July temperatures were two to three degrees below normal. It’s been a cool and wet summer in Ontario.  Above average yields are expected for Ontario corn and soybeans. After a prolonged harvest period, we’re […] Read more
Photo: iStock
Markets

ICE weekly outlook: Major canola supply issues ahead

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MarketsFarm – There’s a looming problem that’s on the verge of surfacing in the Canadian canola market – many growers will be unable to fulfill their contracts due to lower production. The drought across the Prairies dashed canola production estimates from the initially anticipated 20 million tonnes, to something that could be in the range […] Read more
Ontario’s wheat harvest is moving quickly to completion, earlier than usual.
Markets, Markets/Business

Wheat yield is good, but only 50 per cent could make milling grade

A lot of Ontario wheat was flattened by rains and much of that sprouted

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The Ontario growing region has received more than 150 per cent of normal precipitation over the past 30 days, while temperatures have been two to three degrees above average.  The Ontario winter wheat harvest was approximately 60 to 70 per cent complete as of July 25. There is downgrading in wheat due to sprouting and […] Read more
Corn in Ontario is starting to tassel and generally looks healthy including this field near London.
Markets, Markets/Business

July USDA report neutral for corn and soybeans but bullish for wheat

Ontario row crops are on pace for average yields if weather cooperates

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The bulk of the Ontario growing region received 50 to as much as 100 millimetres of precipitation during the first half of July. The corn and soybean crops have been rejuvenated after a rather dry spring. We’re now projecting average type yields for the row crops.  Quick lookSoybeans: The Ontario soybean crop is rated about […] Read more
Statistics Canada’s recent acreage survey had Ontario corn acres down 2.1 per cent from 2020.
Markets, Markets/Business

Corn, soybean, wheat basis holds firm

Demand for old crop soybeans coming in below expectations

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Statistics Canada’s June acreage survey held no surprises. Corn, soybean and wheat acreage was similar to March data. There was some yield drag on corn and soybeans in the dryer regions of Ontario but crops have held up well. Basis levels remain firm due to tight old crop stocks and uncertain new crop production. Quick […] Read more
Ontario’s corn crop is up and growing, although some was recently hit by frost.
Markets, Markets/Business

Less demand means soybeans to hit seasonal low from now to October

Chinese demand for corn will be a large and unknown factor for the 2021 crop

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Ontario farmers were in the final stage of planting corn and soybeans during the last week of May. The region between Toronto and Windsor has received less than 40 per cent of normal precipitation over the past 30 days; cropping area north of Toronto has received 40 to 60 per cent of normal precipitation.  Timely […] Read more

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