If the very idea of a digital currency makes you blank out, worry not — there are very few out there who would argue that Bitcoin has a large role to play in agriculture. If you've lumped the blockchain concept in with Bitcoin, that's where you need to pause and investigate further. Because, while the... Read More
Category: Markets
This past week’s grain markets were highlighted by the USDA’s March installment of the monthly WASDE report. Going into the report, the market was looking for some big changes to South American production possibilities, but it wasn’t necessarily expecting the American balance sheet to provide the surprises. The USDA dropped its estimate of the Argentine... Read More
Statistics Canada has confirmed once again that Canadian cattle producers are not following their American counterparts in expanding the beef herd. The federal agency published its January 1, 2018, inventory report this week, and Anne Wasko, of Gateway Livestock, walks us through the numbers in this Beef Market Update. First of all, for the not-so-analytical... Read More
February 2018 will go down in history as the month that Argentina’s soybean crop hit a new crisis level. Ongoing drought across the region coupled with delays in Brazil’s harvest has unleashed speculations across the soybean complex. For the month, the May contract in Chicago closed at 5.5%, continuing the frantic surge caused by short-term... Read More
Grain markets worked with a four-day work week to end sideways or up from the week previous. Limited rains in Argentina and the U.S. Southern Plains helped add a few sparks. For the May 2018 corn contract, prices moved just half a cent lower to end at 3.745 USD / bushel on the Chicago Board... Read More
Cattle markets have remained strong, although we saw a technical correction lower on the futures market this week. "Maybe we're getting a little numb to it, but futures markets continue to be extremely explosive whenever they tend to move. Up until this week, the market's been building to recent highs, but futures markets, led by... Read More
Canada's two major railways supplied less than half of the hopper cars ordered by grain shippers last week, according to data from the Ag Transport Coalition. The farm group and grain shipper coalition's weekly report says Canadian National Railway (CN) only supplied 34 percent of cars that were ordered in week 28 of the crop... Read More
Grain markets were mostly higher this week as weather premiums continues to whip up some bullish activity. Wheat prices led the grain complex lower Friday as traders prepared for the upcoming holiday weekend. The day had started with small gains due to news of harvest delays down in the Brazilian fields. But profit-taking appeared to... Read More
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
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