Kyiv/London | Reuters – Ukraine is scrambling to ship as much grain as it can this summer, taking advantage of military gains it has made in the Black Sea area to boost exports even as Russia has attacked its ports. Ukraine is a major global wheat and corn grower and before Russia’s invasion in 2022 […] Read more
Tag Archives grain markets — page 5
Ukraine boosts grain exports despite intensified Russian attacks
Rain and heat make for promising crop conditions
Areas where crops were planted on time should see good yields
Over the past month, above-average precipitation and normal temperatures have resulted in optimal growing conditions for Ontario and a large portion of the U.S. Midwest. The two-week forecast for the U.S. Corn Belt calls for above-average temperatures and normal precipitation. This hot forecast comes as the U.S. corn crop is pollinating and the soybean crop […] Read more
Soybean industry has choices
Soy Canada executive director outlines big picture for the crop
Glacier FarmMedia – Canada’s soybean industry must navigate forks in the road. During a late June meeting in Dauphin, Man., Soy Canada executive director Brian Innes told growers they should relish the options in front of them. Why it matters: New opportunities exist to grow soybean production in Canada. “Where do we want to go […] Read more
Expect volatility in soybean market from tariff trade distortion
Large U.S. crop and weaker export demand will overhang North American values
The most recent U.S. and Canadian crop surveys indicate that above average yields are expected for Ontario and U.S. corn and soybean crops. Quick lookSoybeans: China is buying soybeans, meal and vegetable oil from countries that are not implementing tariffs on Chinese products. This is distorting trade flows and enhancing price volatility in the soybean […] Read more
China to be a major buyer of U.S. corn in the 2024/25 crop year
Dry conditions could lead China to buy corn this summer, which would be bullish for new crop prices
The ongoing Northern Hemisphere wheat harvest continues to pressure world wheat values. The North American weather premium in corn and soybean markets has evaporated due to optimal growing conditions. Quick lookSoybeans: U.S. and Ontario soybean crops are developing under optimal conditions. North American prices are competitive with South American origin, limiting the downside.Corn: Traders are […] Read more
Wheat futures market remains volatile
Early U.S. yields better than expected; Russian wheat not dominating like last year
The Northern Hemisphere wheat harvest is in the early stages. Corn and soybean markets are factoring in a risk premium due to uncertainty in U.S. production. Quick lookSoybeans: Brazil and Argentina soybean harvests are complete and basis levels are strengthening.Corn: Ongoing Brazilian and Argentinean harvests are pressuring world values.Wheat: The U.S. winter wheat harvest is […] Read more
Prairie Wheat Weekly: Prairie wheat bids trend lower with U.S. futures
Spring wheat bids in Western Canada fell sharply lower during the week ended June 13, seeing a continuation of the previous week’s declines as losses in the United States futures weighed on values. Average Canada Western Red Spring (13.5 per cent) wheat prices were down by C$16.00 to C$18.40 per tonne across the Prairies, according […] Read more
Feed weekly: Prairie barley market steady with good new crop projections
Feed barley bids are holding relatively steady in Western Canada, showing little movement over the past month as end users await the new crop amid relatively favourable growing conditions. Drought fears had encouraged some demand earlier in the year, but “now that those fears have been alleviated, (buyers) are starting to dig in,” according to […] Read more
June Supply and Demand report has little effect on grain markets
To broker Ryan Ettner of Allendale Inc. the June supply and demand reports from the United States Department of Agriculture has little impact on the markets for June 12. “Given the fact we didn’t miss expectations by much in any category, I would say we continue to trade as we have been trading,” Ettner said. […] Read more
ICE weekly: Canola futures volatile amidst selling, rainy weather
Intercontinental Exchange (ICE) canola futures went on a rollercoaster ride during the week ended June 12. The July contract failed to record consecutive gains or losses during the week, with prices ranging from C$615.40 to C$641.80 per tonne. The November contract, which traded as high as C$662.90 earlier in the week, fell to its lowest […] Read more
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