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 […] Read more
Tag Archives grain markets
World wheat supplies may recover in 2024
Some analysts expect a rebound but others aren’t as confident
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 […] 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 […] Read more
Bump in 2023 U.S. corn yields surprises industry
On-farm stocks will be historically tight due to export demand
Ontario wheat, corn and soybean prices dropped 30 to 50 cents a bushel throughout January. Commercial grain companies in Ontario are holding larger stocks of the three main crops and […] Read more
Geopolitics at play in world wheat markets
A smaller Australian crop and depleting Russian supplies could affect wheat prices in coming months
Ontario wheat, corn and soybean prices came under pressure in early January due to steady farmer selling and a stronger Canadian dollar. The freeze-up of the lake system tends to […] Read more
Ukraine’s Dec Black Sea food exports top U.N.-brokered deal at its peak
Kyiv believes it has managed to dislodge Russian forces from the western part of the Black Sea
Ukraine exported 4.8 million metric tons of food via its Black Sea corridor in December, surpassing the maximum monthly volume exported under a previous U.N.-brokered grain deal, brokers said on Wednesday.
Global crop ending stocks for soybeans to drop in 2023-24
Crop planting problems in Brazil have generated concerns about total production in the new year
Statistics Canada released its final crop production estimates on Dec. 4. Corn production came in below expectations and below the September model-based survey. The adverse weather during harvest resulted in […] Read more
South American soybean uncertainty inhibits global market forecast
Production estimates are all over the map and initial production forecasts are shrinking
Ontario farmers had completed the soybean harvest and corn progress stood at 90 per cent complete as of Nov. 28. Adverse weather delayed harvest for the final portion of the […] Read more
Delayed Ontario corn harvest lowers yield estimates
Condition of Brazilian corn crop watched for its effect on market prices
The Ontario soybean harvest was about 85 per cent complete and corn progress stood at 70 per cent as of Nov. 14. Some areas had a significant amount of corn […] Read more
Corn, soybean yields still above last year averages, despite harvest delay
Weak Canadian dollar will continue into 2024, supporting grain and oilseed prices
As of Oct. 31, we estimate the Ontario soybean harvest was 65 per cent complete and corn progress stood at 45 per cent. Intermittent rains and cooler temperatures delayed harvest […] Read more