The USDA showed no fear in taking a stand on the projected corn yield in today's World Agricultural Supply and Demand Estimates (WASDE). Whether due to the late planting dates, unfit soil or pollination timing, the USDA adjusted corn yield dramatically to the downside, while leaving soybeans untouched. The USDA dropped the projected corn yield... Read More
Category: Markets
The first full week of trading in June was highly volatile for the grain markets, as the complex whipsawed around on continued planting concerns (namely Prevent Plant corn acres), weather forecasts, and fresh trade issues. Simply put, there are a lot of factors impacting the market and that’s why we saw some wild intraday swings... Read More
The federal government announced more than $1 million will be going towards Canadian Meat Council (CMC) initiatives. Member of Parliament Chris Bittle made the announcement today in Niagara Falls, Ont., on behalf of Agriculture and Agri-Food Minister Marie-Claude Bibeau at the CMC's 99th annual conference. According to a news release, in collaboration with the Canadian... Read More
With historically slow corn planting in the U.S. and Ontario due to adverse wet weather conditions, the consequences are building. As the doubts on how much of the desired corn will get planted, feedyards are having staring higher feed costs in the eye. The latest USDA planting progress report will come out today (Monday), but... Read More
To end the month of May, grain prices took a bit of a hit on the last trading day of the month, with most crops on the futures board seeing double-digit losses. The complex was still able to squeak out some gains for the week (as shown below). Put simply, all those traders who were... Read More
Despite last Friday's bullish Cattle on Feed report out of the U.S., markets on Monday opened with little impact, says Anne Wasko of the Gateway Livestock Exchange, in today's Beef Market Update. The report listed the May 1 inventory of cattle and calves on feed for the slaughter market as the highest since the series... Read More
With most commodities seeing a big jump in Thursday's market, some analysts — including Brian Voth, president of IntelliFarm Inc. — are calling canola "the designated driver of the commodity party." While the rest of the grain market saw decent gains, canola inched higher in comparison. Canola closed up $0.70 in November closing at $473.... Read More
The weather in the U.S. midwest has been less than spectacular as rain continues to fall on an already saturated land base. And for many growers, the end of May is truly go time. According to the United States Department of Agriculture (USDA), as of May 28, growers are only 58 per cent complete planting... Read More
Grain prices again found significant gains this past week as the complex continued to price in weather and corresponding production risks, especially in the U.S. Midwest. The weekly performance was augmented by a significant rally on Friday that saw corn prices jump 14 cents/bushel and Chicago wheat climbing 19 cents! With the forecast for the... Read More
By Sean Mitchell and Dr. Alfons Weersink As wet planting conditions persist across Ontario, many growers have switching on their mind: should they switch to shorter-season corn hybrids or even leave corn in the bag and plant soybeans? From an economic perspective, the best choice is likely to switch to shorter-season corn with lower heat... Read More