Grain markets were mixed in the last full trading week of September, with weather and trade continuing as the two main themes for this growing season. It was a busy week in trade, positioning itself for the end of the trading month, calendar quarter, and the release of the quarterly stocks report for American grain.... Read More
Category: Markets
While harvest delays and yield challenges might typically support a commodity's price in the markets, Canadian canola has a bigger issue – its large carryout. "It just hangs over like a wet blanket, and it's something we've known was coming, and yet it creates a whole market situation where things just really feel like a... Read More
Over the course of the summer, the U.S. Federal Reserve has cut interest rates twice, with the latest drop in its benchmark overnight lending rate taking it to a target range of 1.75% to 2%. Over the same timeframe, the Bank of Canada hasn't touched interest rates, and the probability of seeing a cut this... Read More
Grain markets ended the third week September rather mixed as trade and export disappointments dragged down corn and soybean prices while wheat found gains on quality concerns. For corn, U.S. 2019/20 exports are tracking about 37 per cent behind last pace through this week, while China cancelled its farm visits, intuitively fading in optimism for... Read More
What happens when there's plenty of canola globally and a general bearish tone to the markets? A stubborn sideways market that simply bounces between a narrow price range, with no real reason to break to the upside. The rumour mill does help with some blips, but overall this market is just flat, says Wendy White,... Read More
Beef markets are struggling for reasons beyond the usual annual low, as they search for information on when Tyson's Kansas plant will be back up and running. South of the border, markets have continued lower for the last six weeks, with cut-outs backing off (but still way over a year ago), due to perceived disruption... Read More
Grain markets this week found some gains (finally) as Mother Nature and updated Harvest 2019 estimates catalyzed traders to bid up the lows we’ve been on lately. Soybean prices in Chicago were buoyed by a drop in production by the USDA in their September WASDE report, but also fresh news of China buying at least... Read More
Grain prices started the month of September much like they finished August: tumbling lower. December corn prices made new contract lows on bearish yield and production estimates from private firms. This prompted wheat markets to follow corn lower. Allendale, INTL FC Stone, and Informa all shared updated yield estimates this past week, and since they... Read More
This week finalized a tumultuous month for grain markets with China, weather, and crop conditions owning the headlines. While most grain prices on the futures board were able to find some gains for the week, it was a bearish month for the complex. As the table below shows, wheat and corn prices took the hardest... Read More
This week's Beef Market Update starts with one central question: What is going on with this cash market? Anne Wasko, of the Gateway Livestock Exchange, joins RealAg Radio host Shaun Haney to help answer this question, because, as Haney notes, many are disappointed with where the market is currently sitting. Wasko says that the impact... Read More