With no real weather headlines this week except for snow finally hitting the ground in many places across Western Canada and the U.S. Midwest, the market has been relatively mute. Add in a stronger U.S. dollar this week and the market heading into U.S. Thanksgiving week, the grains complex has been quiet, with no real... Read More
Category: Markets
In this episode of the Beef Market Update, Gateway Livestock’s Anne Wasko joins Shaun Haney in-studio for an update on the extreme volatility in the beef market since September. The duo talk about the changing market, sluggish U.S. exports, diminishing Canadian feeder cattle exports (down 67% since July) and the aggressive inventory expansion efforts of... Read More
While the lower value of the Canadian dollar is supporting prices, canola values are still caught in a global oilseed market weighed down by heavy supplies. "It's a bit of a mixed bag for canola, within the context of a lot of negative things," explains Shaun Wildman, Regina-based senior trader with Seaboard Corp, in this... Read More
When it comes to long term weather outlooks, water temperatures in the Pacific Ocean are often used to predict what’s to come. For grain markets weighed down by large global supplies, the main Pacific indicators are showing no sign of an imminent weather issue reducing grain production, says a meteorologist who spoke at the Cereals... Read More
On Tuesday, November 10, 2015, the United States Department of Agriculture (USDA) published its monthly instalment of the world agricultural supply & demand estimates, and things came out a lot more bearish than the market was expecting. Going into the report, average market analysis pegged both corn and soybean yields and production higher than the... Read More
Grain markets can be complex, but there are times when simple economics are all that’s needed to describe a situation. If supply grows faster than demand, then prices drop. “World demand for grains — corn, soybeans and wheat — is up less than 1 percent, while global production is up a little over 2 percent,... Read More
Cattle markets, led by the futures in Chicago, took another tumble this week. “It’s been discouraging, disappointing, but again markets have shown us this this fall, when they make a move, it tends to be pretty violent or erratic,” says Anne Wasko of Gateway Livestock in this latest Beef Market Update. “We don’t seem to... Read More
Grain markets this week were mostly lower as complex continued to trade sideways. They faltered on Friday with a strong US employment data report and poor US export sales from last week. US corn sales dropped 22% from the week previous, wheat export sales were down 85%, and soybeans were down 69% week-over-week to a... Read More
There’s a new person in charge of the federal agriculture file, as Justin Trudeau tapped Lawrence MacAulay as his new agriculture minister. Meanwhile, John Deere has been in the news with some investments in the area of precision planting, the TPP text has finally been released, and global grain supplies are growing faster than demand... Read More
Wheat futures have been unable to build any upward momentum since the middle of summer, as the market sits on a record-sized world crop waiting for fresh trend-setting news. U.S. currency strength is limiting export demand and the ability of Minneapolis-based futures to move higher, notes Mike Davey of FarmLink Marketing Solutions in the interview... Read More