Grain markets ended Friday in the green. However, for the week, prices were mostly in the red as some benign weather kept the bears in charge. Most eyes are on South America but planting is back up to the normal average now. Corn ended practically where it started, dropping only 0.07%. Oats lost nearly 6%... Read More
Category: Markets
India’s decision to add a 50 percent import duty on peas is designed to help the country become self-sufficient in pulses, and the government appears to be steadfast in its commitment, says one of India's largest international pulse brokers. Anurag Tulshan, managing director of Esarco Exim Pvt Ltd, told delegates attending the Grain World conference... Read More
Farmers are always hoping for higher prices in any market, but our wishes do not always come true. However, there are signs we're turning a corner, with global demand outstripping supply. Many farmers and analysts have stared at their computer screen this fall to see Dec corn laser-locked around $3.50, along with other commodities like... Read More
On Thursday the United States Department of Agriculture (USDA) came out with their monthly world agricultural supply and demand estimates (WASDE). Usually, November is a bit of a sleeper month, but given the delayed corn harvest in the U.S., there were some ideas that the USDA might provide the market something in line with the... Read More
Grain prices were generally trending higher this week before seeing a sell-off on Friday to erase a fair amount of gains. Simply put, bears became more competitive than bulls. Wheat and corn prices seem eternally rangebound as in the past few weeks they haven’t moved more than a quarter. Corn and soybeans were virtually unchanged... Read More
Grain markets had a mostly down week as a stronger U.S. dollar (up 1.2% for the week) weighed on futures markets. However, with the Canadian dollar dropping 1.45% to below 78 cents USD, this meant cash grain prices in Canada improved a bit, especially in canola, flax, and wheat. While canola futures prices on the... Read More
Plans for a vibrant Western Canadian futures market for milling wheat, durum and barley similar to canola officially came to an end on Wednesday, as the board of directors for ICE Futures Canada approved the de-listing of the exchange's three cereal crop contracts. In a notice to market participants, the Winnipeg-based exchange said its futures... Read More
Every week, there are mountains of global economic data to shuffle through. The past week's info has Farm Credit Canada's vice president and chief agricultural economist, JP Gervais, thinking about the direction of China's economy. "If we just focus on China, economic growth of 6.7 percent — that's actually pretty strong," says Gervais, referring to... Read More
Grain markets this week generally trended lower as rains in the Southern Hemisphere and harvest progress in North America hung over prices. Bulls continue to take a bat at headlines but rallies continue to face resistance from the size of global grain supplies. Oats and canola were the only winners for the week, with the... Read More
Both the federal and Ontario governments are betting on the future of the province's fledgling hazelnut industry. Last week, both levels of government announced support for the industry, which plans to have 25,000 acres of hazelnut trees in the province by 2027. Ontario Hazelnut Association project coordinator Andrew Nixon notes that the Ontario industry traces... Read More