Soybeans have been on a wild ride the last few days, riding news of high stocks, news of the U.S./Mexico/Canada trade agreement (USMCA). What's a farmer to do? RealAg Radio host, Shaun Haney spoke with Arlan Suderman, chief commodities economist at INTL FCStone Inc., to talk soybeans' recent woes. “I think that there's a lot... Read More
Category: Markets
Grain markets ended the last trading week of September mostly in the red, weigh on by relatively bearish stocks report from the USDA. Oats and canola prices were the only crops that were able to end the week in the green as concerns about the Western Canadian harvest continue to mount. The gains made this... Read More
The U.S. report for cattle on feed for September first was six per cent higher than a year ago according to Anne Wasko, of Gateway Livestock. And that's something, as it was a bit bigger of a number than what the industry was expecting. “It’s because the August placement number was up seven per cent... Read More
Grain markets this week ended mostly higher as the complex has potentially digested the entirety of the U.S.-China trade war and a record American crop. Specifically to Canadian grain prices, contrasting fundamentals kept prices relatively flat this week. On the bearish side, the September satellite-based crop production estimates came out with numbers that were all... Read More
Although the majority of recent NAFTA 2.0 talks have been focused on Canada's dairy farmers, the pork industry is feeling the pinch when it comes to prices. As the Canadian Pork Council (CPC) points out in a recent news release, pigs are being sold at prices 30 per cent lower than this time last year,... Read More
On Wednesday, September 12th the USDA came out with one of the most bearish World Agricultural Supply and Demand Estimates (WASDE) reports in recent memory, destroying any pre-report expectations — especially for corn and soybeans. Going into the September WASDE report, the market was already quite bearish on soybeans, expecting to see 2018/19 ending stocks... Read More
July was a strong month in the beef market both for the U.S. and Canada according to Anne Wasko, market analyst with Gateway Livestock Exchange. "On the U.S. front, strong pork and beef exports continue to be the story," she says adding that in July alone, beef exports from the U.S. to the rest of... Read More
Grain prices had a mostly red week but corn, soybeans, and canola were all about to recover their losses on Friday to end the week near equal — if not slightly above where they ended the previous Friday. Chicago SRW wheat contracts lost about 32 cents USD/bushel to close down 5.5 per cent - six... Read More
Grain markets rallied on Friday to finish the last week of August mostly in the green but it wasn’t enough to make up for the sell-off that started mid-month. In terms of infleuncers, Statistics Canada provided its first in-depth forecast of the Canadian crop, but also that a new NAFTA agreement was nailed down in... Read More
The impact of dry conditions across the southern prairies is evident in Statistics Canada's first report on 2018 crop production. Canola and spring wheat futures were higher following the report's release on Friday morning. Most of the production and yield figures came in on the lower end of the range of pre-report estimates. The report... Read More