When it comes to long term weather outlooks, water temperatures in the Pacific Ocean are often used to predict what’s to come. For grain markets weighed down by large global supplies, the main Pacific indicators are showing no sign of an imminent weather issue reducing grain production, says a meteorologist who spoke at the Cereals... Read More
Category: Markets
On Tuesday, November 10, 2015, the United States Department of Agriculture (USDA) published its monthly instalment of the world agricultural supply & demand estimates, and things came out a lot more bearish than the market was expecting. Going into the report, average market analysis pegged both corn and soybean yields and production higher than the... Read More
Grain markets can be complex, but there are times when simple economics are all that’s needed to describe a situation. If supply grows faster than demand, then prices drop. “World demand for grains — corn, soybeans and wheat — is up less than 1 percent, while global production is up a little over 2 percent,... Read More
Cattle markets, led by the futures in Chicago, took another tumble this week. “It’s been discouraging, disappointing, but again markets have shown us this this fall, when they make a move, it tends to be pretty violent or erratic,” says Anne Wasko of Gateway Livestock in this latest Beef Market Update. “We don’t seem to... Read More
Grain markets this week were mostly lower as complex continued to trade sideways. They faltered on Friday with a strong US employment data report and poor US export sales from last week. US corn sales dropped 22% from the week previous, wheat export sales were down 85%, and soybeans were down 69% week-over-week to a... Read More
There’s a new person in charge of the federal agriculture file, as Justin Trudeau tapped Lawrence MacAulay as his new agriculture minister. Meanwhile, John Deere has been in the news with some investments in the area of precision planting, the TPP text has finally been released, and global grain supplies are growing faster than demand... Read More
Wheat futures have been unable to build any upward momentum since the middle of summer, as the market sits on a record-sized world crop waiting for fresh trend-setting news. U.S. currency strength is limiting export demand and the ability of Minneapolis-based futures to move higher, notes Mike Davey of FarmLink Marketing Solutions in the interview... Read More
The grain market this past week turned its attention to more demand and weather headlines as North American harvest pressures are starting to subside with the large majority of the crop now in the bin. The planting pace down in Brazil of soybeans continues to accelerate, with some of the previously drier regions finally getting... Read More
Manitoba’s newest slaughter plant is up and running, although the facility north of Carman is still waiting for the stamp that would make it the first federally-inspected plant in the province with significant beef capacity in three decades. True North Foods is currently processing 80 to 100 head of cattle and bison per week, with... Read More
Grains continue to trade a bit sideways to higher as buyers went out into the market to find some supply with “let’s bring some stuff in” attitude earlier in the week but things pulled back later on. The oilseed complex is being supported by solid US soybean sales and oil prices heading higher. With some... Read More