It’s official, we’re likely entering the twilight zone for grain markets. This week, we moved through the middle of September and grain futures are sitting at multi-year highs, yet it’s the time of year when we usually are seeing seasonal lows. The rally that we’ve seen since July has gone beyond just fundamental supply and... Read More
Category: Markets
Update, October 28, 2020: India has issued another extension to its lower lentil tariff. The Indian government says the 10 per cent levy on imports will stay in effect until December 31, 2020. It was scheduled to revert back to 30 per cent on October 31. India has dropped its tariff on lentil exports once... Read More
The corn market is surprisingly strong due to various factors in the markets these days. Some yield reductions out of the U.S., and some production issues in China may be part of the equation, but there seems to be a little more optimism in the market than is maybe warranted. Brennan Turner, CEO of FarmLead... Read More
In the western Canadian market, there's currently been a lot of focus on canola, and StatsCan confirmed as much in their latest satellite-based report. Brennan Turner, CEO of FarmLead, says that when it comes to this StatsCan report, he would call himself a believer. Although there have been some yield numbers that Turner's heard that... Read More
Canada's biofuel industry is very optimistic about the federal government's proposed Clean Fuel Standard (CFS), which could potentially create significant new domestic demand for Canadian crops depending on how the regulations are drawn up. The goal of the policy, which has been in the works for several years, is to reduce the intensity of carbon... Read More
Statistics Canada cut its wheat and pea production estimates — and raised its lentil and soybean projections — in its annual September satellite-based crop report, published on Monday morning. It's the second satellite-based set of crop production estimates issued by the agency in the last two weeks. Due to COVID-19, StatsCan chose to employ its... Read More
Grain markets continued to push higher, led by corn and soybean prices, as a friendly September WASDE report continue to bring more bulls to the table. Going into the report, the complex was focusing on demand line items and supply updates after a tough August of weather, and while the latter was recognized a bit,... Read More
The fed cattle market is off a bit, but that's no surprise as we're getting closer to flipping the season to fall, and as September rolls around. For this week's Beef Market Update, Anne Wasko, from Gateway Livestock Exchange, joins us this week from a bit of vacation time on the west coast before the... Read More
Grain markets continued their unusual upward trend to start the month of September as, despite some weather concerns and harvest progressing, the bulls are holding fast for the complex. Futures markets continue to be buoyed by some strong new crop export sales and said supply concerns, all of which helped soybean prices climb to new... Read More
Canola, durum, and pulse crop supplies in Canada were significantly tighter than a year ago heading into the 2020 harvest, according to Statistics Canada's quarterly stocks report published September 4th. Total stocks of canola as of July 31 were down by over one-third (-34.3 per cent) year over year to 2.7 million tonnes, says the... Read More