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Tag Archives grain markets — page 5

The U.S. is expecting a big soybean crop.
Markets, Markets/Business

Expect volatility in soybean market from tariff trade distortion

Large U.S. crop and weaker export demand will overhang North American values

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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
A ship being loaded with grain at port.
Markets, Markets/Business

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

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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
Lower Russian and Ukraine output has become a secondary feature in the wheat market.
Markets, Markets/Business

Wheat futures market remains volatile

Early U.S. yields better than expected; Russian wheat not dominating like last year

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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
Open interest in the canola market was down by 14,880 contracts on the week. Photo: File
Markets

Fund short position grows in canola

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Fund traders were back on the sell side of the canola market in early June, putting on fresh bearish bets and growing their net short position, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC). As of June 4, 2024, the net managed money short position in […] Read more
A soybean field in 2018. Ontario on-farm soybean stocks are expected to drop to historical lows at the end of the 2023-24 crop year.
Markets, Markets/Business

Grain traders forecasting big U.S. soybean crop

World will contend with a sharp year-over-year increase in soybean production for 2024/25

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Ontario corn and soybean prices are at six-month highs. Farmers should sell the final 20 per cent increment of their 2023 corn and soybean production. Quick lookSoybeans: Traders are factoring in a year-over-year increase in U.S. soybean production. Brazil’s final crop estimate will be lower due to extensive flooding. Argentina’s crop was 80 per cent […] Read more
The May USDA WASDE report was considered bullish for the corn market. Ending stocks were decreased by 2.5 million tonnes due to stronger ethanol use and higher exports.
Markets, Markets/Business

Latest USDA report bullish for corn

Lower than expected yields could occur due to late planting, insect pressure

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Ontario corn and soybean planting progress is running seven to 14 days behind normal. A later planting period generally results in lower yields. Winter wheat is rated 70 per cent good to excellent. Quick lookSoybeans:U.S. planting progress is lagging the five-year average, resulting in lower yield forecasts. Brazil continues to dominate the world market for soybeans […] Read more

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