Statistics Canada cut its wheat and pea production estimates — and raised its lentil and soybean projections — in its annual September satellite-based crop report, published on Monday morning. It's the second satellite-based set of crop production estimates issued by the agency in the last two weeks. Due to COVID-19, StatsCan chose to employ its... Read More
Category: Markets
Grain markets continued to push higher, led by corn and soybean prices, as a friendly September WASDE report continue to bring more bulls to the table. Going into the report, the complex was focusing on demand line items and supply updates after a tough August of weather, and while the latter was recognized a bit,... Read More
The fed cattle market is off a bit, but that's no surprise as we're getting closer to flipping the season to fall, and as September rolls around. For this week's Beef Market Update, Anne Wasko, from Gateway Livestock Exchange, joins us this week from a bit of vacation time on the west coast before the... Read More
Grain markets continued their unusual upward trend to start the month of September as, despite some weather concerns and harvest progressing, the bulls are holding fast for the complex. Futures markets continue to be buoyed by some strong new crop export sales and said supply concerns, all of which helped soybean prices climb to new... Read More
Canola, durum, and pulse crop supplies in Canada were significantly tighter than a year ago heading into the 2020 harvest, according to Statistics Canada's quarterly stocks report published September 4th. Total stocks of canola as of July 31 were down by over one-third (-34.3 per cent) year over year to 2.7 million tonnes, says the... Read More
Canadian lentils headed to India are once again facing a steep import tariff after a short reprieve that saw plenty shipped into the massive South Asian market this summer. India's import levy on lentils from all countries except the U.S. has reverted to 30 per cent, plus a 10 per cent tax on that amount... Read More
The recently released Statistics Canada report projected canola production to decline by 0.4 per cent to 19.4 m tonnes for 2020. Yields are expected to be up, with harvested area down. "In terms of their estimate for production, in our opinion it's a bit on the light side, our estimate is just shy of 20... Read More
The satellites say: more wheat and corn, less soy and canola are headed to farmers' bins this fall. Statistics Canada released its preliminary crop production estimates on Monday, which are based on a model that includes satellite data, rather than farmer surveys. "To alleviate stress on farmers during the COVID-19 pandemic, Statistics Canada relied upon... Read More
Grain markets all struck green this week as some production concerns, combined with decent export activity helped spur the complex higher. With the crop year changing over to 2020/21 on Tuesday, September 1, corn and soybeans futures led the charge as yield potential is being challenged more and more (thanks Mother Nature!) Put another way,... Read More
It's a great day to talk grain markets, because, hey, the funds are in and the numbers are looking good! And so we kick off this RealAg LIVE! segment with market analyst Wendy White of Viterra. From where the good news on crop prices is coming from, to supportive moves in canola exports, and on... Read More