Ontario corn production is down this year due to the drought, but that doesn't mean there will be a shortage of corn, says Peter Archer. Despite the dry summer, there are some respectable yields being reported in both the western side of the province and in the Ottawa Valley in the east, notes Archer (@maizingpete),... Read More
Category: Markets
Oat prices have rallied over the last three weeks due to the poor harvest conditions in Western Canada. The December futures contract in Chicago has climbed more than 20 percent since the start of the month — from US$1.76/bu to around $2.15/bu. "Earlier it looked like we were going to have plenty of oats out... Read More
This year's harvest in Western Canada has had its share of adversity. As farmers attempt to finalize harvest with weather breaks, canola has broke above $500 per MT in the futures market. This week on RealAg Radio, Shaun Haney spoke with Jon Driedger, FarmLink Marketing Solutions about the canola market and how producers should feel... Read More
Grains this week got a solid lift on weather concerns, strong indications of better demand, and, subsequently, short-covering in the futures markets as more traders are getting optimistic that we’ve touched bottom. Corn is getting support from both domestic ethanol and feed demand while wheat pushed higher on some short-covering but gains were limited towards... Read More
FarmLead has launched an all-new mobile app available for iOS and Android platforms. The new app includes an optimized mobile interface, improved negotiation features, and expanded geographic coverage. This version of the FarmLead app also features an improved deal matching tool, allowing users to geo-locate offers. Deal negotiation now includes a chat feature, allowing buyers... Read More
While there have been a few days lately where cattle values have ended the day in the green, the trend is still headed lower. And quickly. Cattle futures are now at levels we haven't seen since the fourth quarter of 2010. "We haven't been here for a long time. We really weren't expecting these levels... Read More
Grains this week got some love from the bulls as the market rallied on some short covering, strong international demand, and harvest concerns (also known as weather premiums). Wheat was the big winner of the week, climbing 6.5%, with oats and corn following closely behind at 4.8% and 4.7% higher on the week for front-month... Read More
Grains for the first week of October saw some see-sawing as the market dealt with some weather premiums and short-covering in wheat and corn pushing values higher. Compared to a week ago, oats are up 6.7%, canola gained 1.2%, corn prices improved by almost 1%, soybeans were up 0.5%, while wheat closed 1.7% lower as... Read More
Grains ended the month of September on higher note as more weather premiums got priced into the market with the inclement rains slowing Harvest 2016. For the week, grains ended relatively unchanged but, as we come to the end of the quarter, things are much lower (see associated chart). The majority of grains are below... Read More
Grain markets this week were fairly volatile as the market swayed on harvest pressures, fresh policy announcements, and wet weather slowing down Harvest 2016 and/or affecting its quality. Soyoil was the leader for the week, up 4.25% on palm oil touching two-year highs in Asian markets. This intuitively supported canola, which was up almost 2.5%... Read More