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Tag Archives grain markets


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Markets, Markets/Business

Corn crop projection increased

Wheat market at seasonal low, and moving wheat out of Russia is becoming more difficult

By Jerry Klassen September 1, 2023
From July 15 through Aug. 14, the Ontario growing region received 85 to 115 per cent of normal precipitation. Certain pockets northeast of Toronto received 150 to 200 per cent […] Read more

700,000 tonnes of Ontario’s wheat crop is expected to be feed quality.
Markets, Markets/Business

High quality Russian wheat influences all markets

Ontario corn at seasonal lows but European demand expected in fall

By Jerry Klassen August 18, 2023
During July, the region west of Toronto received 150-200 per cent of normal precipitation. North and east of Toronto, farmers received 115-150 per cent of normal rainfall with isolated pockets […] Read more

Wheat growers need to be strategic sellers in 2023 and 2024 as global instability could create opportunities.
Markets, Markets/Business

Timely rain and heat boost Ontario crop estimates

Declining U.S. crop quality could mean opportunities for Ontario growers in 2024

By Jerry Klassen August 3, 2023
From June 22 through July 21, the Ontario growing region received 150 to 200 per cent of normal precipitation. Certain regions north of Windsor and north of Toronto received more […] Read more

U.S. farmers planted 83.5 million acres of soybeans this spring, down four million acres from last year.
Markets, Markets/Business

Trade surprised by June USDA acreage survey

Soybeans down, corn up from March report

By Jerry Klassen July 24, 2023
As of July 8, the Ontario growing region has received average to above average precipitation while temperatures were one to three degrees below normal. Ontario corn, soybean and winter wheat […] Read more

This wheat in Middlesex County on June 27 is maturing quickly, like the rest of the Ontario wheat crop.
Markets, Markets/Business

Large acreage means bigger-than-average Ontario wheat crop

Lack of local demand keeps Ontario corn bids low despite broader market jump

By Jerry Klassen July 10, 2023
The corn and soybean futures markets have incorporated a risk premium due to the uncertainty in production. Trades are comparing this year to 1998 when there was a widespread North […] Read more


U.S. corn yield projections are being lowered in the USDA forecast due to drier conditions.
Markets, Markets/Business

Dry weather trims yield estimates for North American crops

Crop conditions deteriorate in U.S. Midwest, Ontario could experience yield drags

By Jerry Klassen June 23, 2023
From May 15 through June 15, the bulk of the Ontario growing region received 40-60 per cent of normal precipitation and some pockets received less than 40 per cent of […] Read more

Liberia-flagged bulker K Sukret, carrying grain under the Black Sea Grain Initiative, waits for inspection in the southern anchorage of Istanbul on May 17, 2023. (Photo: Reuters/Mehmet Emin Caliskan)
Crops, Markets

Black Sea grain shipments shrink amid Ukraine deal doubts, Cargill exec says

'Grey/black' fleet seen handling more Russian traffic

By Jonathan Saul June 17, 2023
London | Reuters — South American grain exports are set to overshadow Black Sea shipments this year as doubts grow over a U.N.-backed Ukraine deal and international traders cut commercial […] Read more

Chinese soybean demand is lower than anticipated in the short term, but demand should increase two million tonnes from 2022-23 later in the year, favouring Brazilian soybeans over North American.
Markets, Markets/Business

Brazilian soy bounty weighs on prices

New crop corn prices could be bullish if U.S. yields dip in face of dry weather

By Jerry Klassen June 9, 2023
Ontario received average to below average precipitation in May and temperatures were cooler than normal. Ontario farmers have finished planting and emergence of the row crop is 10-14 days behind […] Read more


U.S. corn production is expected to reach a record 387.8 million tonnes, up nearly 40 million tonnes from last year and up 23 million tonnes from the five-year average.
Markets, Markets/Business

Record corn, soybean crops predicted for U.S.

Both winter and hard red spring wheat will struggle to surpass year-ago levels

By Jerry Klassen May 29, 2023
Weather in Ontario has been variable over the past month. Corn and soybean planting progressed rapidly in the southwest. The northern region has been plagued with excessive precipitation while central […] Read more

Signage on Viterra’s office building in Regina. (Dave Bedard photo)
Crops

Viterra in talks to merge with Bunge, source says

Merger would vault Viterra into top tier of grain trade

By Anirban Sen May 25, 2023
Reuters — Global grain trader Viterra is in talks to merge with U.S. rival Bunge Ltd., according to a person familiar with the matter, in a potential mega-deal that would […] Read more

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