U.S. farmers grew a record soybean crop in 2016, South American farmers are harvesting a record crop, and big soybean acres are expected in North America in 2017, yet somehow soybean prices have remained relatively strong to start 2017. "We're about a buck a bushel above where we were at the fall lows, which is... Read More
Category: Markets
Grains this week trended slightly lower as concerns over crop potential and slowing sales muted any bullish headlines coming from new USDA acreage reports. Canola and oats were down 0.45% and 0.5% respectively compared to a week ago while corn and wheat lost 1.1% and 1.7% each. The soybean complex took the biggest hit though,... Read More
With unharvested crop still in the field and saturated soils in many areas, some helpful weather could be on the way for Western Canada this spring, says Drew Lerner of World Weather Inc. "The spring bias is tilted toward a little less precipitation and a slight warmer bias," he says in the video below, filmed... Read More
After four consecutive years of record wheat production in the world, we've become accustomed to adjectives like "burdensome" and "massive" describing wheat supplies. However, it's looking like 2017 could break that trend, according to Mike Krueger of The Money Farm. "That pattern is starting to change," he says in the interview below, filmed at CropConnect... Read More
Grain markets saw a correction this week as more supply and demand numbers out of South American became known, with less focus on the weather on the southern half of the equator. Everything ended the week in the red, with soybean oil being the biggest loser, down 4.85% while soybeans and canola lost 2.2% and... Read More
Grain markets through the first full week of February swayed a bit on geopolitical risk and the market digesting the February WASDE report from the USDA. Wheat was the biggest winner of the week, thanks to smaller-than-expected global stocks in the report, up 4% for the week while, on the flipside, oats was the worst... Read More
It's time for another episode of the Beef Market Update! Shaun Haney and Anne Wasko are fresh off their trip to Nashville and they have much to discuss. Canada has agreed that they will attend the the March "post-TPP" meeting in Chile with most of the other countries minus the United States. Also invited is... Read More
One of the highlights of every NCBA Trade Show and Convention is the release of the Cattlefax report. Cattlemen and women from across North America gather on the Thursday morning to hear the full-hour presentation by the Cattlefax team. Shaun was able to catch up with market analyst Kevin Good on the trade show floor... Read More
Bad experiences with high disease levels in last year's crop are making acreage projections for Western Canada in 2017 a tad more complicated than normal. "This year has been a lot more guess work. We have things we're just not sure about because the price signals on durum are actually looking pretty favourable, the price... Read More
Grain markets ended the month of January on the downtrend thanks to more geopolitical (aka President Trump) risk after reaching new highs the week before on continued weather concerns out of South America. Oats was again the main winner, up 2.55% for the week while wheat wasn’t farm behind, gaining 2.15%. With the Canadian Loonie... Read More