We're in the thick of the fall season, and grain markets are acting a little counter-seasonal. On today's RealAg LIVE!, Brian Voth, president and founder of IntelliFARM Inc., walks us through what's going on with soybean, canola, wheat, and corn markets. Don't miss RealAg LIVE! now Monday through Friday at 1 pm Mountain/3 pm Eastern... Read More
Category: Markets
Grain markets pulled back this past week, something that many market participants, including yours truly, were expecting to see. Corn prices fell as harvest 2020 speeds up and the market is starting to consider the impact to ethanol demand, should a second wave of COVID-19 rage across the world this fall/winter. From a headline standpoint,... Read More
The Canadian dollar trended higher through the summer and has returned to the range that a lot of analysts thought it would hover around for the bulk of the year prior to the arrival of the COVID-19 pandemic. While it's declined slightly since the start of September, the loonie is back to trading around US$0.75... Read More
Chop and grind in the markets isn't really the kind of headline you want to hear for the beef markets, but maybe chop and grind means good things for prices. "U.S. markets trading about a buck higher than how they closed the end of last week, so $103, $104 in the north, heading the right... Read More
It’s official, we’re likely entering the twilight zone for grain markets. This week, we moved through the middle of September and grain futures are sitting at multi-year highs, yet it’s the time of year when we usually are seeing seasonal lows. The rally that we’ve seen since July has gone beyond just fundamental supply and... Read More
Update, October 28, 2020: India has issued another extension to its lower lentil tariff. The Indian government says the 10 per cent levy on imports will stay in effect until December 31, 2020. It was scheduled to revert back to 30 per cent on October 31. India has dropped its tariff on lentil exports once... Read More
The corn market is surprisingly strong due to various factors in the markets these days. Some yield reductions out of the U.S., and some production issues in China may be part of the equation, but there seems to be a little more optimism in the market than is maybe warranted. Brennan Turner, CEO of FarmLead... Read More
In the western Canadian market, there's currently been a lot of focus on canola, and StatsCan confirmed as much in their latest satellite-based report. Brennan Turner, CEO of FarmLead, says that when it comes to this StatsCan report, he would call himself a believer. Although there have been some yield numbers that Turner's heard that... Read More
Canada's biofuel industry is very optimistic about the federal government's proposed Clean Fuel Standard (CFS), which could potentially create significant new domestic demand for Canadian crops depending on how the regulations are drawn up. The goal of the policy, which has been in the works for several years, is to reduce the intensity of carbon... Read More
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