Reading Time: 2 minutes Wheat bids in Western Canada were mostly lower for the week ended October 24. Losses were observed in Canadian Western Red Spring Wheat (CWRS) and Canadian Red Spring (CPSR), with Canadian Western Amber Durum (CWAD) staying steady to slightly lower. Average CWRS (13.5 per cent) wheat prices were down by C$7 to C$8 per tonne, […] Read more
Tag Archives wheat markets
Western Canadian wheat bids mostly lower
Cool weather persists and will affect Ontario crop yields
Tours of the U.S. Midwest are finding lower yields than predicted by USDA
Reading Time: 6 minutes Temperatures in Ontario have been two to three degrees Celsius below normal over the past 30 days. Precipitation has been quite variable with the bulk of the central and northern regions receiving 40 per cent to 80 per cent of normal rainfall. Quick look Soybeans: The Ontario soybean crop is expected to have lower protein […] Read more
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
Reading Time: 5 minutes 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
Tight Ontario crop supplies to keep local demand strong
Low corn stocks and fewer wheat acres with quality concerns should support local prices
Reading Time: 6 minutes 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
Reading Time: 5 minutes 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
Reading Time: 5 minutes 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
Reading Time: 5 minutes 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
Reading Time: 5 minutes 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
Prairie wheat bids down with U.S. futures
Reading Time: 2 minutes CNS Canada – Wheat bids in Western Canada were lower for the week ended Nov. 8, following the lead of dropping United States futures markets. Average Canada Western Red Spring (13.5% CWRS) wheat prices were down slightly, falling by less than a dollar to C$2 per tonne, according to price quotes from a cross-section of […] 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
Reading Time: 5 minutes 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
