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
Tag Archives grain markets — page 6
Start the conversation on hard red winter wheat
Nitrogen price and availability led to a drop in Ontario hard red wheat acres
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
Canada, U.S. soybeans face reduced export demand
Prices are at a premium compared to product from South America
Statistics Canada released its Dec. 31 stocks report on Feb. 8. Ontario on-farm wheat stocks were lower than anticipated. The year-over-year increase in wheat production resulted in larger farmer selling. Ontario on-farm corn stocks as of Dec. 31, 2023 were down nearly 600,000 tonnes from Dec. 31, 2022. This will be supportive for the Ontario […] Read more
World wheat supplies may recover in 2024
Some analysts expect a rebound but others aren’t as confident
Glacier FarmMedia – Gro Intelligence is forecasting a rebound in global wheat supplies in 2024 after multi-year declines. World stocks of the crop, excluding China, have declined for four straight years and inventories are at their lowest level in 15 years. Why it matters: World wheat demand affects pricing for the winter wheat grown by […] Read more
Seasonal high corn demand expected in spring
The market is currently functioning to encourage demand; U.S. market will determine price next winter
Ontario wheat, corn and soybean prices consolidated during the first half of February. Export demand for Ontario corn and soybeans moves through a seasonal low during winter. At the same time, domestic soybean crushers have their nearby requirements covered. Feedlots and ethanol plants also have sufficient corn ownership. This environment causes spreads in the cash […] Read more
The ripple effects from China’s declaration of self-sufficiency
The country’s decision to limit soybeans in feed rations could be challenging
China has long relied on imported food and feed ingredients for its livestock herds and poultry flocks, but there are signs that could change. A Jan. 3 Feed & Grain article detailed a Chinese policy pledge to reduce soybeans in feed rations. According to the report, soybean meal usage for January to November of 2023 […] Read more
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