While there have been a few days lately where cattle values have ended the day in the green, the trend is still headed lower. And quickly. Cattle futures are now at levels we haven't seen since the fourth quarter of 2010. "We haven't been here for a long time. We really weren't expecting these levels... Read More
Category: Markets
Grains this week got some love from the bulls as the market rallied on some short covering, strong international demand, and harvest concerns (also known as weather premiums). Wheat was the big winner of the week, climbing 6.5%, with oats and corn following closely behind at 4.8% and 4.7% higher on the week for front-month... Read More
Grains for the first week of October saw some see-sawing as the market dealt with some weather premiums and short-covering in wheat and corn pushing values higher. Compared to a week ago, oats are up 6.7%, canola gained 1.2%, corn prices improved by almost 1%, soybeans were up 0.5%, while wheat closed 1.7% lower as... Read More
Grains ended the month of September on higher note as more weather premiums got priced into the market with the inclement rains slowing Harvest 2016. For the week, grains ended relatively unchanged but, as we come to the end of the quarter, things are much lower (see associated chart). The majority of grains are below... Read More
Grain markets this week were fairly volatile as the market swayed on harvest pressures, fresh policy announcements, and wet weather slowing down Harvest 2016 and/or affecting its quality. Soyoil was the leader for the week, up 4.25% on palm oil touching two-year highs in Asian markets. This intuitively supported canola, which was up almost 2.5%... Read More
It wasn't that many years ago that corn and soybean growers were riding the wave of $7 corn, high land rent, and applying all the groceries to every acre. In 2016, that wave of optimism has disappeared as suggested in the DTN / Progressive Farmer Ag Producer Confidence Index (ACI) results. The recent survey produced... Read More
There's a big durum crop coming off in Western Canada, but wet conditions have resulted in high disease levels in much of it. The Statistics Canada report released Tuesday pegged total Canadian durum production at 7.3 million tonnes, up from 5.4 million in 2015 and 5.2 million in 2014. Meanwhile, last week the Ministry of... Read More
Statistics Canada published its second annual set of crop production estimates based on a model that uses satellite imagery on Tuesday. The model-based report, which incorporates satellite info, weather conditions and data from previous farm surveys, replaced the September Farm Survey starting last year. The algorithm says the canola crop will be almost 8 percent... Read More
Soggy conditions have slowed harvest progress in much of Western Canada, as untimely showers have hampered crop quality and left combines standing still (or stuck). And the days when harvest equipment has been rolling have not been easy in many areas. It's a similar story in the futures markets, as bearish supplies are making it... Read More
We’re halfway through the month of September and almost at the end of 3rd quarter of the calendar year, a point when we start to usually see lows priced into the market and the end of harvest in sight. A mostly bearish September W.A.S.D.E. report at the beginning of the week on Monday, the 12th,... Read More