Markets
The Canadian company building a high-throughput grain terminal and loop track at Northgate, Sask., says it will lose nearly $12 million because of falling durum prices. Ceres Global Ag Corp. said in a Jan. 6 news release that declining prices will erode the value of the company’s durum inventories, resulting in a loss of $11.7 […] Read more
Markets
Nosedive in durum price hits Ceres bottom line
UPDATE 2 – Winter wheat rallies on USDA’s low acreage estimate
WASHINGTON, Jan. 12 (Reuters) – U.S. corn and soybean supplies ballooned to record levels as of Dec. 1 following bountiful harvests of both crops and reduced usage, according to government data released on Tuesday. But grain stocks lagged market forecasts, corn and soybean production was smaller than previously estimated, and U.S. winter wheat area was […] Read more
UPDATED – USDA Reports: winter wheat area lower than expected
WASHINGTON, Jan 12 (Reuters) – U.S. corn and soybean supplies ballooned to record levels during the last three months of 2015 following bountiful harvests of both commodities and cutbacks in usage, according to government data released on Tuesday. However, the market has viewed the reports as mildly bullish because some of the numbers came in […] Read more
Futures fall as trade waits for USDA reports
Crop futures fell Monday, but it was hard to tell whether that was just due to overall commodity market weakness or signs of traders clearing the decks before tomorrow’s U.S. Department of Agriculture reports are released. Soybean oil was weak, soybean meal was strong, soybeans were off a little and canola came in a bit […] Read more
Crop market wrap – canola falls $5.20 on week
March canola climbed back to close above $490 per tonne as crop and stock markets closed the week on a more solid footing than they had displayed for most of the week. Wheat futures rallied the most on Friday, propelled by big funds that decided to reduce their risk exposure from a large net short […] Read more
CME live cattle futures end lower after choppy session
CHICAGO, Jan 8 (Reuters) – Chicago Mercantile Exchange live cattle contracts settled lower following Friday’s volatile session, stirred by funds that sold February and bought deferred contracts in accordance with the Standard & Poor’s Goldman Sachs Commodity Index (S&PGSCI), said traders. Friday was the first of five days of the S&PGSCI “roll” process. Simultaneously, some […] Read more
Canola-soy spread related to oil content
Some canola growers are wondering why the crop is trading at a discount to soybeans in North America when the two oilseeds are on par in the biggest export market. Canola was at price parity with soybeans in China at the end of December after about a year-and-a-half of trading at a 10 to 15 […] Read more
U.S. wheat up with short covering, but more downside possible
Winnipeg, Jan. 8 – U.S. wheat futures hit contract lows over the past week, before seeing a short-covering correction in recent days. However, with ample world supplies and poor export demand, the path of least resistance likely remains lower, market participants say. The fundamentals are bearish for wheat, but the market structure looks more bullish, […] Read more
CME live cattle futures tumble 3-cent/lb price limit
CHICAGO, Jan 7 (Reuters) – Chicago Mercantile Exchange live cattle contracts ended Thursday’s session down by their 3-cents per lb daily price limit, rattled by lower preliminary cash prices and deteriorating U.S. stock futures amid China’s economic woes, traders said. February live cattle and April ended at 133.525 cents and 134.300 cents, respectively. Live cattle’s […] Read more
Market factors farmers should know
Analysts offer their insights and reveal wild cards that could push grain and oilseed prices up or down
Grain markets are juggling a lot of balls this year. A variety of factors hang suspended with major implications whichever way they fall in the coming year. Few would spark an outright bull market, considering a preponderance of bearish factors. However, if those bears can be dodged, farmers might get to take advantage of rallies […] Read more
