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Tag Archives grain markets — page 17

There is worry that the extended period of high crop prices could leave farmers vulnerable if they are used as a base for cost of production calculations, particularly if prices fall and major production challenges happen as was seen in the 1980s.
Markets, News

How hot can prices get?

High prices can skew cost of production, making farmers vulnerable

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Commodity prices have been strong for the past eight months. It’s been a boon for growers, though prolonged periods of decent returns can skew cost of production. Canadian growers could be open to significant financial hardship if they see sustained price reductions or major production challenges like those experienced in the 1970s and 1980s, after […] Read more
A cool early spring has turned into a dry and warm late spring, helping with planting, but not with crop emergence.
Markets, Markets/Business

Timely rains needed to sustain yields in Canada and U.S.

Dry fields have pushed planting progress ahead of normal rate

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Over the past 30 days, most of Ontario has received 60-85 per cent of normal precipitation. However, the region from Toronto south to Windsor is relatively dry.  Quick lookSoybeans: The 2021 U.S. soybean crop is expected to be much larger than in 2020.Corn: Demand for corn for cattle finishing is hitting seasonal highs.Wheat: Ontario wheat […] Read more
This winter wheat field is still growing in May 2021, but more than 100,000 acres were taken out of production, likely to be put into soybeans or corn in Ontario.
Markets, Markets/Business

Brazil crop uncertainty boosts corn market

Commercial buyers struggle to find old crop supplies of soy

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Compared to last year, Ontario farmers will increase soybean acres by two per cent and corn acres will be up 1.7 per cent, according to Statistics Canada. Ontario farmers are increasing row crop acres at the expense of spring wheat, oats and barley. As of May 4, about 12 per cent of the Ontario corn […] Read more
Soybean stocks in Ontario are expected to be low by the end of this growing season.
Markets, Markets/Business

Ontario corn, soybeans hit highs, wheat slides

Markets are now focusing on upcoming North American production

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Ontario corn and soybean prices made fresh 52-week highs in early April while elevator wheat bids have dropped 40 cents per bushel from the February peak.  Quick look Soybeans: Ontario soybean production is expected to be up in 2021 versus 2020.Corn: Crude oil’s increase is helping to underpin corn price.Wheat: Timely rains will be needed […] Read more
Corn shipped from the Gulf of Mexico continues to be competitive in world markets.
Markets, Markets/Business

Market risk in South America erodes, causing limited market upside

Ontario crop exports should increase as Great Lakes shipping opens

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The Ontario growing region has received less than 40 per cent of normal precipitation over the past 30 days.  Farmers are heading into the spring period with drier conditions and timely rains are needed for the winter wheat crop.  Quick look Soybeans: Markets soon to switch to watching North American planting progress.Corn: Ethanol margin increase […] Read more
Corn acres are expected to increase in the United States in 2021, but not as much as soybeans.
Markets, Markets/Business

Volatile crop market expected in 2021

There’s little extra supply to endure a weather-related crop event

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Glacier FarmMedia – Chip Nellinger has one central piece of advice for grain farmers heading into the 2021-22 crop year — fasten your seatbelts. “It’s going to be a real volatile, bumpy ride in my opinion this spring and summer,” the Blue Reef Agri-Marketing analyst said during the United States Farm Report segment of the […] Read more
The Brazilian soybean crop harvest is being hindered by rain.
Markets, Markets/Business

European demand up for Ontario soybeans

Soybean stocks are tight around the world and poor weather could make them tighter

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During the second week of March, Ontario corn, soybean and wheat prices were trading near or at 52-week highs as domestic and export demand continues to exceed year-ago levels. Quick lookSoybeans: Brazil’s soybean harvest lags year-ago levels.Corn: Second crop corn planting in Brazil about 30 per cent behind last year’s pace.Wheat: Wheat market could rise […] Read more
China’s sudden emergence as a major importer of the crop caught the U.S. Department of Agriculture off guard.
Markets, News

Dissecting China’s hunger for corn

Surprising volumes of corn were bought by China in 2020, supporting prices

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Analysts are debating whether China’s huge 2020-21 corn and wheat purchases are an anomaly. Dan Basse, president of AgResource Company, is firmly in the camp that they are not a one-off episode. Why it matters: Foundational shifts in global commodity demand can have long-term impacts on prices and uses of crops. “It looks like China […] Read more
Soybeans continue to have momentum in the market, compared to corn.
Markets, Markets/Business

North American soybean planting expected to rise

Prices and low stocks encouraging increased acres

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During the final week of February, Ontario soybean prices were hovering around $17 per bushel, while elevator corn bids were slightly below $7 per bushel. Quick look Soybeans: Canadian soybean export and domestic use are both up over a year ago.Corn: Ethanol margins are higher, but processors seem to be well stocked.Wheat: Export values for […] Read more
Brazil’s next corn crop planting will be delayed by current rains.
Markets, Markets/Business

Rains in Brazil delay soy harvest, support markets

The country is still expected to have a record soybean crop

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According to Statistics Canada, total Canadian corn stocks as of Dec. 31 were 11 million tonnes, up from 10.7 million tonnes on Dec. 31, 2019. Total soybean stocks at the end of 2020 were estimated at 3.7 million tonnes, down from four million tonnes at year-end of 2019. Quick look Soybeans: Ontario soybean basis holding […] Read more

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