Precipitation has been quite variable across the Ontario cropping region throughout the month of July. Western counties received average precipitation but a large portion of the central and northern counties have received less than 40 per cent of normal precipitation. Eastern counties have received average to slightly below-average rainfall. Early yield estimates for Ontario corn […] Read more
Tag Archives soybean markets
All eyes on today’s USDA supply and demand report
An updated acreage survey will shed new light on how many acres did not get planted
Tight Ontario crop supplies to keep local demand strong
Low corn stocks and fewer wheat acres with quality concerns should support local prices
Corn and soybean markets continue to digest growing conditions on both sides of the border. Ontario received 40 per cent to 60 per cent of normal precipitation from June 15 through July 14. Crop conditions have improved after a very wet spring, therefore, most producers are projecting average type yields. Our contacts in Ontario believe […] Read more
Canada in China’s soybean market penalty box
Ontario corn exports continue to be strong, likely meaning tight supplies in the province
Over the past two weeks, Ontario corn and soybean prices have dropped 15 to 20 cents per bushel for both old and new crop positions. Soft and hard red winter wheat prices are down 35 to 50 cents per bushel. Grain and oilseed futures are functioning to encourage demand through lower prices. Wheat futures are […] Read more
USDA report sends downward market signals for corn, soybeans
With no movement on the China-U.S. trade dispute, volatility will remain in the markets
The World Agricultural Supply and Demand Estimates issued by the United States Department of Agriculture Feb. 8 was considered bearish for soybean and corn markets. U.S. winter wheat acreage came in below expectations on the USDA acreage survey. South American corn and soybean crops are developing under favourable conditions. Compared to late January, Ontario old […] Read more
Soybean, corn harvests finally near completion
Trade disruptions will continue to reverberate through the world into next year
Over the past couple weeks, limited harvest progress has occurred in Ontario due to adverse weather. Soybean harvest progress was estimated at 93 per cent complete as of Dec. 1; farmers had about 75 per cent of the corn crop in storage. Farmers have been active sellers of corn and soybeans, which has tempered the […] Read more
Weather makes for different corn harvest conditions in Ontario and the U.S.
American farmers are close to finished corn harvest, compared to Ontario farmers waiting for clearer weather
Adverse rains have hindered harvest progress across Ontario. Farmers have harvested approximately 75 per cent of the soybeans and 25 per cent of the corn. Yield reports are slightly higher than expected and total production will likely finish above the recent Statistics Canada estimates. Vomitoxin appears to be quite prevalent on the early corn samples […] Read more
China-U.S. trade dispute likely to drag on, affecting price
U.S. ethanol policy change could increase demand by two billion bushels
Ontario farmers have harvested 60 per cent of the soybeans and 25 per cent of the corn as of Oct. 21. American farmers have combined 49 per cent of the corn and 53 per cent of the soybeans. The seven- to 10-day forecast calls for seasonal temperatures with limited precipitation, which should allow producers to […] Read more
China soybean imports set for biggest drop in 12 years amid tariff conflict
China is not expected to face a shortfall in supplies because of abundant domestic reserves
Reuters – China’s soybean imports are set to drop by a quarter in the last three months of 2018, their biggest fall in at least 12 years as buyers curb purchases amid the China-U.S. trade war and high domestic stockpiles. Soybeans have been at the heart of the tit-for-tat trade dispute between the world’s top […] Read more
Rain continues to hamper North American harvest
Tariff war has implications on how U.S. farmers usually sell their crop
Ontario farmers have harvested 25 per cent of the soybeans and 15 per cent of the corn as of Oct. 7. Harvest selling pressure along with the stronger Canadian dollar has weighed on the corn and wheat markets. However, Canadian soybean prices are holding value due to strong Chinese demand. Quick look Soybeans: Ontario market […] Read more
Trade war between U.S. and China continues to alter trade flows
China is buying from Argentina and Argentina is buying from the U.S.
Ontario grain and oilseed markets have traded in a sideways range over the past couple weeks. Farmers in Ontario have harvested about eight per cent of the soybean crop while the corn harvest will begin in a couple weeks. The Ontario forecast looks variable over the next week. Quick look Soybeans: Market structure favours China […] Read more
