Though you may not be able to tell from the last week of quiet trading, it's been a busy month for the cattle markets. On January 31, the United States Department of Agriculture released its cattle inventory report for January 1, showing a one percent increase in all cattle and calves in the U.S. compared... Read More
Category: Markets
Grain prices this week were relatively quiet as the complex digested another World Agricultural Supply and Demand Estimates (WASDE) report from the USDA that didn’t give much fodder to go off. According to the report, total South American soybean production is basically staying the same; U.S. corn exports were raised; and American soybean stocks ballooned... Read More
Today’s updated World Agricultural Supply and Demand Estimates (WASDE) report was by no means a market mover. But, it does pose some questions for the market to digest. Starting with the U.S. Supply and Demand, it was, for the most part, fully influenced by adjustments in export demand. 2017/18 U.S. corn ending stocks estimates were... Read More
India's government has made it even more expensive to export products — including pulse crops — into the country. On Tuesday, India announced a 10 percent increase to its duty on chickpeas, raising the import tariff from 30 to 40 percent. The move comes days after the India's finance minister introduced a new surcharge to... Read More
One of the highlights of the National Cattlemen's Beef Association (NCBA) meeting every year are the Cattlefax market outlook presentations. Cattlefax certainly drove home the facts surrounding trade and how important it is for all U.S. agriculture at the cattle industry convention in Phoenix last week. Several Canadian attendees told us U.S. producers are optimistic... Read More
Grain markets this week ended mostly in the red after a stronger performance at the beginning of the week. Traders took profits on the heels of some double-digit moves on the futures boards for most grain and oilseeds on Tuesday. Some geopolitical risk helped fuel the rally, but a “risk on” attitude hit the market... Read More
It's going to be harder to find current information on Canadian canola and soybean processor demand going forward. In the “COPA weekly report of member crushings" published on Friday, the Canadian Oilseed Processors Association says it is immediately discontinuing the report. The weekly update shared information on the total tonnes of canola and soybeans crushed... Read More
Wednesday was a big day for economic news in both Canada and also for our friends south of the border, in the United States. Here at home, the market is digesting the most recent GDP data for November, while the U.S. Federal Open Market Committee made the decision to hold interest rates in the country.... Read More
Are you holding out for $10 yellow peas, when you know you're profitable at $8 per bushel? That's just one of the gems we've mined from this quick market recap from none other than FarmLead founder, Brennan Turner. Earlier this week, Turner once agains joined Shaun Haney at the RealAgriculture booth at FarmTech to wade... Read More
Last week there were reasons for confusion on what direction the American dollar might take based on White House policy. Most of the confusion last week was driven by comments made by different members of the White House team. "It's interesting, it's almost like currency wars at the moment," says Matthew Pot of Grain Perspectives... Read More