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Tag Archives grain markets — page 19

There are signs that the soybean price could continue to stay strong through harvest, with Chinese demand.
Markets, Markets/Business

Recent rallies create opportunities for pricing corn and soy

There will be more pressure on corn price heading into harvest

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Statistics Canada released its second yield estimates for the 2020 crop using a model-based procedure. Winter wheat yields were lower than the previous estimate but higher than last year. Corn and soybean yields were both up from the previous estimates and above last year. Private trade and industry trade estimates are above those of Statistics […] Read more
Soybeans have been turning quickly across Ontario as harvest approaches.
Markets, Markets/Business

Crop prices see risk premium boost due to lack of U.S. rainfall

Ontario corn and soybean average production expected to be above 2019

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Statistics Canada released its first yield estimates for the 2020 crop using satellite technology on Aug. 31. Soybean yields were lower than expected while corn yields were in line with our projections. Winter wheat production came in at 2.4 million tonnes, the highest output since 2016. Statistics Canada also fine tuned the seeded area while […] Read more
The Ontario soybeans crop is looking like it could hit a 50 bushel per acre average.
Markets, Markets/Business

Soy price rises with Chinese demand and deteriorating U.S. crop

Ethanol, feed demand help raise corn prices in North America

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Over the past 30 days, Ontario temperatures have been one to two degrees above normal while precipitation has been quite variable. A large portion of the Ontario growing region, mainly north of Toronto, received 100 to 150 mm of precipitation. Isolated pockets south of Toronto down to Windsor have received 40 to 90 mm of […] Read more
Above normal temperatures could reduce Ontario’s soybean yield.
Markets, Markets/Business

Six-month Canadian dollar highs weigh on crop prices

Larger expected corn and soybean crops in the United States affecting prices

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Over the past 30 days, the Ontario growing region has received above normal precipitation while temperatures have hovered two to five degrees above average. Quick look Soybeans: U.S. soybeans exports increasing with Chinese demand. Corn: Aim to make targeted corn sales this winter, as large rallies are unlikely. Wheat: Wheat harvest continues around the world, […] Read more
Corn is delivered to an elevator in Iowa. Increasing corn demand could help push up prices.
Markets, Markets/Business

Crop price fundamentals improve based on demand, especially from China

The American dollar has lost value, making U.S. soy and corn more competitive

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Ontario farmers had harvested approximately 50 per cent of the winter wheat as of July 26. We’re forecasting an average yield of 78 bushels per acre, down from the five-year average of 82 bushels per acre. Farmers in the western regions are reporting above average yields while early reports are below average in the eastern […] Read more
Photo: Thinkstock
Markets

Managed money backing out of bearish canola bets

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MarketsFarm – Fund traders were backing out of bearish bets in canola while actively putting on new longs during the week ended July 21, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in […] Read more
(Qingwa/iStock/Getty Images)
Crops, Markets

USDA’s July WASDE has little effect on markets

U.S. Midwest weather likely having greater effect

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MarketsFarm — There were some notable changes in the carryovers for corn, soybeans and wheat in the July supply and demand report from the U.S. Department of Agriculture released Friday. However, the monthly world agriculture supply and demand estimates (WASDE) had very little effect on the markets, according to MarketsFarm analyst Mike Jubinville. “I think […] Read more
Emerging corn plants in Ontario.
Markets, Markets/Business

Brazilian currency drop, China purchase of U.S. soy weighs on Ontario demand

Ethanol production increases again as global economy slowly improves

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Ontario farmers had planted 75 per cent of the corn crop and approximately 48 per cent of the soybean crop as of May 17. Over the past 30 days, the Ontario crop region has received less than 60 per cent of normal precipitation and temperatures have been five to 10 degrees Celsius below normal. While […] Read more
In the near term, Ontario wheat is trading at a premium, but that could change with new crop wheat closer to harvest.
Markets, Markets/Business

South American new crop weighs on global markets

Ethanol plant closures in U.S. reduce demand for corn

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World corn and soybean markets are under pressure due to favourable spring weather in the United States and strong competition from South America for export business. Weaker energy prices are also weighing on row crops. Quick look Soybeans: Ontario soybean crop is expected to drop by 100,000 acres. Corn: U.S. corn carryout is expected to […] Read more

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