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
Category: Markets
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
Grain markets found some legs this week as snow and freezing temperatures started to hit the majority of North America’s major growing regions. A few other highlights include indicators that a U.S.-China trade war resolution may be found, as well as the October WASDE report, which was supportive of soybeans but bearish for corn and... Read More
Grain markets ended the week mostly in the green, thanks to a somewhat bullish U.S. quarterly stocks report, an expansion of the ethanol mandate and some challenging harvest weather. On Monday, the USDA served up its report for grain inventories in the U.S. as of September 1st, 2019. Going into the report, the market was... Read More