Grain markets ended a shortened-trading week mostly in the red as the complex pulled back on concerns over a trade war deal getting done and ongoing weak demand fundamentals. While many analysts are saying that corn and soybeans are oversold and nearing technical support levels, the only thing that seems to be strengthening is basis... Read More
Category: Markets
Grain markets ended the week mostly lower, as hiccups surrounding the release of the November WASDE report put a damper on things. On Friday, November 8th, the USDA was supposed to release their monthly estimates of world agriculture supply and demand at 12PM EST. Instead, their website crashed and the actual report wasn't released until... Read More
It may just be the story we look back on for cattle markets in 2019 – both the United States and Canada have produced more beef, while at the same time, wholesale prices remain high. "That is a good news story. I don't think we better get complacent though," says Gateway Livestock Exchange's Anne Wasko,... Read More
Grain markets entered November on a mixed-week of performance, but most grain prices did find some positive gains for the month of October. Canola and hard red spring wheat were the only futures markets who didn’t find positive gains in October, suggesting that the price run-up at the end of September might’ve priced in anticipated... Read More
The pulse harvest in Alberta and Saskatchewan is in its late stages now, and although there are some anecdotal observations of better-than-expected quality, it's not all ideal. "There is some sprouting, and there is a lot of earth tag," says Chuck Penner, of Leftfield Commodity Research, adding the visual damage is worst for green lentil... Read More
The United States Department of Agriculture has released its October 2019 edition of the U.S. Cattle on Feed report which showed cattle on feed down one percent in comparison to a year ago as of October 1. According to Anne Wasko of the Gateway Livestock Exchange, "There were no real surprises in the numbers this... Read More
Grain markets finished the fourth week of October with the same headlines running the complex: harvest weather/challenges and a trade war deal between the U.S. and China. Soybeans saw a big sell-off on Friday though as speculators sold off positions ahead of the weekend with no confirmed news of a deal between the world’s two... Read More
Despite some increases in demand for canola abroad, and strength earlier in October, prices seem to be on a train to $440/tonne, says host Shaun Haney in this excerpt from RealAg Radio. Viterra market analyst Terence Koshman says part of the price shift is due to harvest progress, and product being sold to bring the... Read More
While futures markets may be taking a bit of a breather, beef markets are holding strong, with trade into the U.S. and Japan up as well. "Well certainly markets in the U.S. have still been on an up-trend on the cash side," says Anne Wasko, of the Gateway Livestock Exchange, in this episode of the... Read More
Grain markets had a mixed week as the complex tried to decide what’s more important: winter weather messing up harvest progress, the possibility of a China-U.S. trade deal, and wheat production concerns. The down week for corn and soybeans was likely a result of physical buyers putting in hedges ahead of the weekend, one that’s... Read More