This week’s grain markets were largely influenced by that was happening in currency markets and government reports. The Canadian Dollar lost about 1.1% this week but has basically ended where it began September, up just 0.15%. On Wednesday, the Loonie saw it's largest single day loss in eight months after the Bank of Canada’s governor... Read More
Category: Markets
The agricultural industry this week was impacted by some geopolitical tension. North Korea and U.S. President Trump continue to trade warring words, while in Canada, a battle has started between small businesses and farmers and the Liberal federal government over proposed tax reform. For grain markets, losses were made up for from last week's bullish... Read More
The latest three-month exemption to India's rules requiring fumigation of pulse crops is nearing its expiration date, and Canadians are no nearer to an understanding of what, exactly, that might mean. "As of today, we don't know what India's policy is going to be for bills of lading that are dated October 1 or later,... Read More
A changing supply environment has the second half of 2017 shaping up much differently for cattle markets than the first. "Already things are changing. If you're in Canada, you're well aware — and we've talked about this all year long — we've been in this strong basis environment where Canadian prices, because we're tight on... Read More
Grain markets continue to shift lower as harvest pressures – namely better-than-expected yields. A stronger Canadian Loonie put pressure on cash prices on the northern side whereas the weaker U.S. dollar has helped offset harvest pressures a bit. For the week, corn lost 0.55% while soybeans gained 0.7%. Canola was just 0.2% lower while oats... Read More
The USDA published another bearish report on Tuesday, boosting corn and soybean yields when the market was expecting numbers to be lower than in August. For corn, the department projected an average yield of 169.9 bushels per acre, up from 169.5 in August and almost two bushels above the average analyst' estimate of 168. For... Read More
Editor's note: This is a guest market column by Dwight Nichol, DLN AgVentures. StatsCan released their July 31st Ending Stocks report for the 2016-17 crop year on Wednesday. This was the third week with new Canadian revisions, and other than minor changes, should finalize crop year 2016-17 Supply and Demand balance. This stocks release is... Read More
Grain markets this week were influenced mainly by factors of weather, currency, and harvest pressure. Canola lost 1.4% since last Friday, mainly because of the Canadian Loonie appreciating 1.9% over the same time frame. Oats lost 1.8% while corn and soybeans gained 0.35% and 1.25% respectively. Finally, Minneapolis hard red spring wheat edged up 2.35%,... Read More
Grain markets almost always take a dive as harvest approaches and new supplies hit the market, but the big question for marketing is — will prices rebound or stay at lower levels? "I've been doing this for quite a few years and every year I kind of get sucked in a little by it, and... Read More
The Bank of Canada announced its second interest rate hike in two months, surprising analysts, and raising the target interest rate by one-quarter point to 1 percent. The last interest rate hike was announced in mid-July, and was the first increase the country had seen in over seven years. Many analysts had expected Bank of... Read More