The USDA published another bearish report on Tuesday, boosting corn and soybean yields when the market was expecting numbers to be lower than in August. For corn, the department projected an average yield of 169.9 bushels per acre, up from 169.5 in August and almost two bushels above the average analyst' estimate of 168. For... Read More
Category: Markets
Editor's note: This is a guest market column by Dwight Nichol, DLN AgVentures. StatsCan released their July 31st Ending Stocks report for the 2016-17 crop year on Wednesday. This was the third week with new Canadian revisions, and other than minor changes, should finalize crop year 2016-17 Supply and Demand balance. This stocks release is... Read More
Grain markets this week were influenced mainly by factors of weather, currency, and harvest pressure. Canola lost 1.4% since last Friday, mainly because of the Canadian Loonie appreciating 1.9% over the same time frame. Oats lost 1.8% while corn and soybeans gained 0.35% and 1.25% respectively. Finally, Minneapolis hard red spring wheat edged up 2.35%,... Read More
Grain markets almost always take a dive as harvest approaches and new supplies hit the market, but the big question for marketing is — will prices rebound or stay at lower levels? "I've been doing this for quite a few years and every year I kind of get sucked in a little by it, and... Read More
The Bank of Canada announced its second interest rate hike in two months, surprising analysts, and raising the target interest rate by one-quarter point to 1 percent. The last interest rate hike was announced in mid-July, and was the first increase the country had seen in over seven years. Many analysts had expected Bank of... Read More
Statistics Canada came out with their first production estimates of the 2017 Canadian crop on Thursday, August 31st. For once, they weren’t bearish! 13,300 Canadian farmers were surveyed between July 19th and August 1st on their acres, yield and total production. However, while the numbers below are considered bullish, there has certainly been some healthy... Read More
McDonald's, Swiss Chalet and Cargill have committed to funding a pilot project that is designed to pay cattle producers a financial incentive for producing beef that meets verifiable sustainability standards. The "Canadian Beef Sustainability Acceleration Project" was soft-launched at the recent Canadian Beef Industry Conference in Calgary. It will begin in October, with the first... Read More
The expansion cycle in the cattle markets can tend to be a bit of a rollercoaster, and it's not always easy to tell where we are at on that ride. Don Close, animal protein analyst with Rabobank, says in his opinion, the current US cattle market is still on the upward rise. "We think we... Read More
StatsCan released its production estimates for principal field crops and not surprisingly the estimated production is down in comparison to 2016. You can find the entire StatsCan report here Here is how some market analysts reacted to the report. There is some doubt as you would expect on some of the numbers released. Brian Voth... Read More
On Friday the USDA released its Cattle on Feed report which provided some clarity on the placement number heading into the fall run. Anne Wasko had the following commentary - "Aug 1 U.S. Cattle on Feed Report was called neutral from guesstimates we talked about in Friday's Beef Market Update. I was actually expecting the... Read More