If there are any outliers in the rather bearish grain complex right now, Brennan Turner, founder of FarmLead and the Combyne marketplace, says wheat and maybe even soybeans deserve the title. Even though the latest WASDE says we're set for record global ending stocks for the yea, the COVID-19 pandemic has meant a boost in... Read More
Category: Markets
Fusarium head blight (FHB), caused by the fungus Fusarium graminearum, is a major concern for wheat growers across the Prairies. The fungus affects grain yield and produces mycotoxins such as deoxynivalenol, or DON, that accumulate in grain. The presence of DON leads to a downgrade in quality when that grain enters the market. Victoria Linden,... Read More
Grain markets closed mixed this past week as demand interest from China supported soybeans (and canola followed) while all other crop prices fell on expectations of bigger crops. In the June WASDE report, released on Thursday, the USDA showed the market weaker ethanol demand and a bigger U.S. winter wheat harvest. Supporting grain markets before... Read More
We hear from Anne Wasko of the Gateway Livestock Exchange every other Friday in our Beef Market Update, but today we're going in depth in this Thursday edition of RealAg LIVE! Anne joins host Shaun Haney to talk prices, markets, volatility, and so much more. (Summary available below the video) The boxed beef price has... Read More
Corn is king in the commodity markets, and right now there's probably more than a few farmers who wish the king would abdicate the throne. If fund buying is an indicator of upside potential, there's most certainly not much reason to be bullish with corn, says Wendy White, manager of grain marketing for Viterra's central... Read More
As RealAgriculture's Shaun Haney puts it: the interesting, fascinating beef market continues. Currently, there's huge separation between the June live cattle futures and the cash price, with many taking bets on how that gap closes. Bulls believe there is pent-up demand while bears see a weak economy and restricted demand for the most expensive cuts,... Read More
Grain markets ended the week mixed as a stronger U.S. Dollar led to some profit-taking on Friday, somewhat capping the substantial gains made in soybean prices. Conversely, wheat prices were set to close positive for the week but Friday’s strength in the U.S. Dollar, profit-taking, and increasing winter wheat harvest activity turned the complex red.... Read More
Over the past month I've been asking commodity analysts and economists to speculate on whether we would see a $0.65 or $0.75 dollar first. All but one analyst replied — generally with great resolve — that $0.65 was the correct bet. That is not looking to be the case at at this point, as the... Read More
India has signalled a move to reduce the tariff on incoming lentil shipments received by August 31st. An official from the National Agricultural Cooperative Marketing Federation of India Ltd. says that India will reduce the lentil tariff from 30 per cent to 10 per cent (plus a 10 per cent tax) for shipments arriving between... Read More
With tensions rising between the U.S. and China in the last ten days, questions are mounting regarding China's ability to meet its Phase One trade deal obligations. China provided a major shot across the U.S. bow early Monday (June 1) when Reuters reported that President Xi had instructed Chinese state-owned COFCO and Sinograin to quit... Read More