On Wednesday, September 12th the USDA came out with one of the most bearish World Agricultural Supply and Demand Estimates (WASDE) reports in recent memory, destroying any pre-report expectations — especially for corn and soybeans. Going into the September WASDE report, the market was already quite bearish on soybeans, expecting to see 2018/19 ending stocks... Read More
Category: Markets
July was a strong month in the beef market both for the U.S. and Canada according to Anne Wasko, market analyst with Gateway Livestock Exchange. "On the U.S. front, strong pork and beef exports continue to be the story," she says adding that in July alone, beef exports from the U.S. to the rest of... Read More
Grain prices had a mostly red week but corn, soybeans, and canola were all about to recover their losses on Friday to end the week near equal — if not slightly above where they ended the previous Friday. Chicago SRW wheat contracts lost about 32 cents USD/bushel to close down 5.5 per cent - six... Read More
Grain markets rallied on Friday to finish the last week of August mostly in the green but it wasn’t enough to make up for the sell-off that started mid-month. In terms of infleuncers, Statistics Canada provided its first in-depth forecast of the Canadian crop, but also that a new NAFTA agreement was nailed down in... Read More
The impact of dry conditions across the southern prairies is evident in Statistics Canada's first report on 2018 crop production. Canola and spring wheat futures were higher following the report's release on Friday morning. Most of the production and yield figures came in on the lower end of the range of pre-report estimates. The report... Read More
Grain markets all pulled back this week on some bigger yield reports in the U.S. corn and soybean belt, while wheat markets took a breather from their bullish run. The U.S. corn crop is certainly advanced, with 44 per cent of fields dented as of last Monday. For perspective, going into the Week 34 USDA... Read More
You might be forgiven for thinking that every fall is the same when it comes to cattle leaving the summer range and heading off to the auction ring. Every fall is different and every fall farmers study the markets to see how they can best react to what they see coming up. Anne Wasko, market... Read More
The U.S. government will announce details of its planned US$12 billion trade aid package for the agriculture sector on Monday, according to Agriculture Secretary Sonny Perdue. The package, which was first announced in July, will include direct payments to producers to offset the impact of tariffs on U.S. exports. Sources told Agri-Pulse that the preliminary... Read More
Spring wheat yield and protein reports are starting to come in as combines are rolling across the prairies. All spring and summer the reports from the field have been about variability. This continues into harvest, says Dwight Nichol of DLN AgVentures at Gravelbourg, Sask: "It's variable. It's the same here as it is across the... Read More
Grain markets crossed the mid-point of August on the good news that the United States government has set meetings with China to discuss concessions and ways to mitigate the ongoing trade problems that have hammered grain prices. We have to be rational with our expectations, but there is some optimism that geopolitical banter will be... Read More