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 […] Read more
Tag Archives grain markets
Grain traders forecasting big U.S. soybean crop
World will contend with a sharp year-over-year increase in soybean production for 2024/25
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 […] 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. […] 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 […] 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 […] 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 […] 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 […] 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 […] 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. […] 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. […] Read more