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
Tag Archives grain markets — page 6
Fund short position grows in canola
Grain traders forecasting big U.S. soybean crop
World will contend with a sharp year-over-year increase in soybean production for 2024/25
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
Latest USDA report bullish for corn
Lower than expected yields could occur due to late planting, insect pressure
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
North American soybean prices soften
The U.S. will need to carry the world in corn until late June and July
This month, traders will be focused on the U.S. planting pace and North American weather. Last month, a large portion of Ontario received over 150 per cent of normal precipitation. Quick lookSoybeans: Argentina will dominate the soymeal and soyoil market over the next month as harvest nears 20 per cent complete. Brazil’s soybean export offers […] Read more
Start the conversation on hard red winter wheat
Nitrogen price and availability led to a drop in Ontario hard red wheat acres
Wheat harvest is roughly three months away, and the industry value chain is assessing its needs for hard red winter wheat. Although no one defines the situation as critical, there are important markers to address. In spite of solid acreages of a little more than a million acres in 2023 and roughly 850,000 acres planted […] Read more
Prairie wheat bids climb with U.S. futures
Spring wheat bids in Western Canada climbed higher during the week ended April 25, as a rally in United States futures provided support. Chart-based speculative buying was behind much of the strength in the futures, as fund traders bought back some of their large net short position. Declining crop ratings for U.S. winter wheat, the […] Read more
Latest USDA report supportive for corn; neutral to bearish for soybeans, wheat
Geopolitical risks, weather issues may create volatile grain and oilseeds markets this summer
Recent weather suggests Ontario planting will occur in line with the five-year average or slightly later. A later planted crop tends to result in lower yields. Quick lookSoybeans: Ontario soybean production is expected to reach 4.031 million tonnes.Corn: Leafhopper damage has lowered Argentine yield forecasts.Wheat: European production will be lower and there are quality concerns. […] Read more
Volatile world wheat market, conditions bear close watch
Lower wheat production in Europe and dry conditions in Russia and Ukraine will affect prices
Ontario received average precipitation in March, and temperatures were four to six degrees above normal. Soil and weather conditions are favourable for planting corn and soybeans and planting of row crops is expected to occur seven days earlier than normal. Winter wheat is developing in an optimal environment. Quick lookSoybeans: A historically low carryout of […] Read more
Volatile corn market expected from April onward
Market has potential to move higher in summer due to weather, yield predictions
Ontario farmers plan to plant more soybeans this spring while corn acres will be similar to last year. Producers planted less winter wheat during the fall of 2023 and plan to decrease spring acres in 2024. Cash corn and soybean prices have been percolating higher over the past couple weeks. A decrease in farmer selling […] Read more
Grain export demand slows beyond seasonal expectations
Canada’s second and third largest trading partners continue to struggle while the U.S. economy continues to outperform
Ontario corn, soybean and wheat prices have come under pressure in recent weeks. Export demand during the January through March period has been lower than expected for corn and soybeans. This has resulted in larger supplies for the domestic market. Steady farmer selling has kept commercial stocks at higher levels. Canadian and U.S. flour millers […] Read more
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