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Tag Archives grain markets


Tensions continue to build in the Black Sea, threatening grain shipments out of Russia and Ukraine.
Markets, Markets/Business

Geopolitics at play in world wheat markets

A smaller Australian crop and depleting Russian supplies could affect wheat prices in coming months

By Jerry Klassen January 22, 2024
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

Photo: Reuters/Ben Nelms/File

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

By Pavel Polityuk, Reuters January 10, 2024
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.

Demand for Ontario wheat exports is expected to ramp up in the new year.
Markets, Markets/Business

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

By Jerry Klassen January 4, 2024
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
Markets, Markets/Business

South American soybean uncertainty inhibits global market forecast

Production estimates are all over the map and initial production forecasts are shrinking

By Jerry Klassen December 7, 2023
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

U.S. corn has taken the dominant position in the world market.
Markets, Markets/Business

Delayed Ontario corn harvest lowers yield estimates

Condition of Brazilian corn crop watched for its effect on market prices

By Jerry Klassen November 24, 2023
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


Next spring, U.S. corn acres are expected to decline by two million acres compared to the 2022 area.
Markets, Markets/Business

Corn, soybean yields still above last year averages, despite harvest delay

Weak Canadian dollar will continue into 2024, supporting grain and oilseed prices

By Jerry Klassen November 9, 2023
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

Big crops tend to get bigger as harvest progresses.
Markets, Markets/Business

Ontario farmers sell plenty from big corn crop

Ukraine war, Russian competition limit export demand for province’s corn

By Jerry Klassen October 27, 2023
As of Oct. 18, we estimate the Ontario soybean harvest was 40 per cent complete and corn progress stood at 30 per cent. Cooler temperatures delayed row crop harvest by […] Read more

Growing conditions in Ontario were optimal during this past summer.
Markets, Markets/Business

Harvest surge expected to lower soybean prices

Rain delayed Ontario corn and soybean harvests but yields are strong

By Jerry Klassen October 13, 2023
At the end of September, Ontario farmers were in the early stages of the corn and soybean harvests. The corn harvest is 15 to 20 days behind normal and the […] Read more


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Markets, Markets/Business

Export demand improves for Ontario soybeans

Soybeans yields look good and crush margins favour soybeans over canola

By Jerry Klassen September 15, 2023
The Ontario growing region received 85 to 115 per cent of normal precipitation in August and the southern region around Windsor had over 150 per cent of normal rainfall. Temperatures […] Read more

File photo of barley being unloaded at a grain terminal in Ukraine on June 23, 2022. (Photo: Reuters/Igor Tkachenko)
Crops, Markets

EU ag commissioner pushes for extension of Ukraine grain import ban

Restrictions due to expire Friday

By Julia Payne, Luiza Ilie September 12, 2023
Brussels/Bucharest | Reuters — The EU agriculture commissioner said on Tuesday said he believes the European Commission should extend a temporary ban on Ukraine imports into five neighouring EU states, […] Read more

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