After starting 2017 in the red, the grains market rallied quite well this week, however, corn and oilseeds are still below their highs seen in October and November. A couple of headlines that gained traction over the holidays were the South American weather (especially in Argentina), Egyptian wheat tenders, Black Sea winterkill risks, and continued... Read More
Category: Markets
China could potentially come looking for more soybeans and canola from Canada if Donald Trump's policies jeopardize U.S. sales to the world's largest soybean importing country. The president-elect has clearly shown a willingness to challenge China, whether by it's by phoning Taiwan's president, airing his grievances on Twitter, or promising to label China as a... Read More
The wet weather during the 2016 growing season and harvest took a toll on lentil crop quality in Western Canada, but more than half the crop samples submitted to the Canadian Grain Commission's harvest survey still fell in the top two grades. "For green lentils, we're seeing 11.2 percent grading number one and 49.2 percent... Read More
Grain markets headed lower this week as the market dealt with lower volume and profit-taking ahead of the winter holidays. Since last Friday, the Canadian Loonie lost 1.4% to head into the Christmas weekend below 74 cents USD as Trump economic policies that are trickling out continue to support the U.S. economy more than they... Read More
Grains markets cruised through the middle of December slightly lower to unchanged as export and domestic demand numbers tried to offset some changing monetary policy from the U.S. Federal Reserve. The U.S. Dollar climbed 1.3% for the week, making U.S.-based grains more expensive relative other origins. Oats was the only thing that made the green... Read More
There's going to be a pile of low quality durum left in Western Canada that, for lack of better words, will need to disappear from the market. According to the StatsCan report out earlier this week, durum production totalled 7.8 million tonnes in 2016 — up over 40 percent versus 2015. With maybe half of... Read More
Grain markets see-sawed this week on multiple crop production reports, the likelihood of La Nina being played down, and speculators moving in and out of positions like a 3-year old at church. Oats was the winner again for the week, up 5.35%, followed by corn at 3.3%. Wheat and soybeans also fared well, up 2.15%... Read More
As winter sets in, decisions are being made on what to plant next year, and thanks to U.S. biofuel policy and weather issues in South America, it's looking like soybeans will be a preferred option. Yes, Real Ag agronomist Peter Johnson's talking markets to kick off this week's edition of the Word. Moving from soybean... Read More
Statistics Canada issued its "final" crop production estimates for 2016 on Tuesday morning, leaving it up to the market to interpret how much crop was harvested after the agency surveyed producers. The November Farm Survey was conducted between October 21 and November 13 — just as farmers in Alberta and Saskatchewan were getting back into... Read More
Grains pulled back from last week's highs as profits got locked in to end November and the trade got really choppy. The news that OPEC would cut production by 1.2 million barrels for six months couldn’t help oilseeds recover from its highs made last week, but canola did track soy oil, as each were up... Read More