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
Tag Archives wheat markets — page 2
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
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
Prairie wheat bids down with U.S. futures
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
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
Choppy corn and soy markets expected
CNS Canada – Chicago Board of Trade (CBOT) soybean contracts could see some action this week as the November contract near expiry. The corn contracts could also be hopping around during the week. “We’re getting some pressure in these markets because of the harvest pace that’s going on for the U.S. producer. So farmers are […] 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
Soybean price continues to be pressured
The Ontario soybean and corn crops look to be progressing well, but much of the winter wheat crop ended up as feed
Ontario cropping regions received above normal precipitation over the past 30 days, enhancing crop development for corn and soybeans. The corn crop is in the grain filling stage while pod filling is nearly complete for soybeans. The bulk of the winter wheat crop has been harvested while combines have rolled over limited acres of spring […] Read more
Watch for stronger commodity sales opportunities during the fall period
Markets are more sensitive to changes in supply than they were 10 years ago
The grain and oilseed markets are digesting the Aug. 10 United States Department of Agriculture (USDA) report. U.S. corn and soybean yields came in on the high side of pre-report estimates setting a negative tone for the futures market. The 2018-19 U.S. soybean carryout will be a record. However, the downside is limited due to […] Read more
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