There were no major surprises as Statistics Canada issued an updated set of acreage estimates on Wednesday morning, ahead of the USDA's crop reports on Thursday. Lentils and canola both saw significant increases, while cereal crop acres dipped. The report was based on a survey of 24,500 farms between May 27 and June 12, 2016.... Read More
Category: Markets
Grain markets had one of their worst weeks in the last couple of years as everything from better weather to updated production estimates to geopolitical risk erased most of the premiums we’ve seen over the past two months. We’ve been saying for the past few weeks in our commentary (both on here and our daily... Read More
The United Kingdom voted and the markets reacted. If you are a political or economics junkie, it was must-watch coverage of the BREXIT vote night. United Kingdom voters decided by a slight majority to leave the European Union. As one would expect, with "leave" or "stay", the markets would react. The Pound Sterling rocked lower... Read More
Grains through the middle of May saw fund buying continue to try keep the elevated prices where they’re at after some bearish weather and crop progress reports. Some warmer temperatures in the forecast for June across many parts of North America’s major growing regions have been offset by some timely rains in many locations. More... Read More
Moisture is finally scattering across the prairies, and yield potential is looking good, but what is behind the agricultural commodity complex rising? Can this rally sustain itself over the rest of 2016? Or is it just an imposter rally sucking in the unsophisticated longs? At Canada's Farm Progress Show in Regina Saskatchewan, Shaun Haney caught... Read More
The USDA published its monthly version of the world agricultural supply and demand estimates today and the numbers came in a bit below pre-report expectations. This was great for the bulls, but some weather pressures held the rally back from the massive gains that most were initially expecting after the report’s release as profits were... Read More
A big spike in the United States' live cattle cash market left producers hopeful late last week. "In the south — down in Texas, Kansas — we had the market up three dollars, to $1.28 US," explains Gateway Livestock's Anne Wasko, in this week's Beef Market Update (included below). "And the northern markets — Nebraska,... Read More
Soybeans. Who cares about anything else? The oilseed has taken the majority of the grains complex with it to heights that most analysts didn't think were possible a few months ago. Sure, you lose a couple million tonnes in Argentina, but with bigger crops in Brazil and North America, and demand climbing a bit, there’s... Read More
Update — June 6, 2016 — After failing twice to approve a new license for glyphosate, EU member states did not support a limited 12-18 month extension of the herbicide's current license on Monday. The inability of European Union member countries to come to an agreement over glyphosate could have implications for agriculture on this... Read More
The grains complex pushed up to new highs this week due to two factors: money flow and South America. Here in North America, the percentage of fields planted is well ahead of its 5-year average. This week, soybeans came within a sliver of touching $11/bushel, wheat was pushed up due to quality concerns in the... Read More