The Good: The bleeding in the nearby spring wheat contract finally turned around with a five cent gain in the nearby contract. The September contract closed the day at US$5.91 per bushel. The spring wheat contract was dragged higher by stronger winter wheat markets with both Kansas City and Chicago wheat markets increasing by seven to […] Read more
Stories by Bruce Burnett - Analysis
The Good, Bad & Ugly
The Good: The USDA continues to rate the 2025 corn crop at near record levels during the past week. Ratings were unchanged during the past week with 74 per cent of the crop rated as good to excellent. This is the highest rated corn crop in over a decade. Normally conditions begin to decline at the […] Read more
The Good, Bad & Ugly
The Good: The Ag in Motion show in Langham is over for another year. The good news was that I met a number of subscribers at our “One beer market outlook” event. Thanks for your questions and words of encouragement.000 Cattle markets analyst Jerry Klassen and grain market analyst Bruce Burnett talk at a “One […] Read more
The Good, Bad & Ugly
The Good: I’m spending this week at Ag in Motion (AIM) in Langham, SK and one of the key points in my presentation is that weather conditions will be favorable for the filling stage of the grain, pulse and oilseed crops. The long term weather outlook released by the U.S. NWS is calling for normal […] Read more
Lower U.S. spring wheat yields to cut production
Recent U.S. Department of Agriculture reports estimate yields at 51.7 bu. per acre, down from 52.5 bu. per acre last year
The U.S. Department of Agriculture’s crop production and world agricultural supply and demand estimates reports were released July 11 with the main focus on the wheat, corn and soybean estimates.
The Good, Bad & Ugly
The Good: Canola futures posted gains of C$8.80 per tonne to close the session at C$690.80 per tonne. The gains in canola came despite losses in the soybean market with nearby futures trading down by 3.0 cents per bushel. Support came from gains in the soybean oil market which pushed up by 0.6 cents per pound […] Read more
The Good, Bad & Ugly
The Good: Managed money funds sold a net of 14,713 contracts during the week ending on July 8. The funds position now stands at 123,506 contracts net long for canola. This remains the longest net canola position held by the funds for this week on record. The drop in the futures market raised concerns that […] Read more
The Good, Bad & Ugly
The Good: Although it wasn’t the strongest day in the Minneapolis the good news is that the contract moved up for the second consecutive session. The September contract closed the day at US$6.32 per bushel which was up by less than one cent per bushel. The gains in spring wheat paled in comparison with the rise […] Read more
Wheat exporters expected to set record pace
Year-to-date exports for the week ending June 29 are more than 1.017 million tonnes above the pace set last year
Wheat exports are expected to continue at a strong pace through the remainder of the crop year. Photo: file
The Good, Bad & Ugly
The Good: The spring wheat markets managed to stop the bleeding and closed up by 1.8 cents per bushel to settle at US$6.32 per bushel. The good news is that spring wheat finished the day higher despite losses in Chicago futures of 1 to 2 cents per bushel. Kansas City futures were also up by one […] Read more
