Some think the market has been quiet due to large Aussie crop and infrequency of attacks; others say prices should rise
SASKATOON — Grain markets should be reinstating a Black Sea war risk premium, say analysts. “I’m very surprised that we haven’t started to push a bigger premium into the wheat market, especially soft wheats, because of what’s happening,” said MarketsFarm analyst Bruce Burnett. Related stories: Russia has been stepping up its attacks on Ukrainian grain […] Read moreTag Archives Arlan Suderman
Canola flies into soybean headwinds
A large soybean crop in the United States and sluggish exports have not allowed the canola market to make a move
SASKATOON — The soybean market is wrestling with a couple of bearish factors that are preventing the oilseed from rallying, says an analyst, and that is weighing down a canola market desperately attempting to gain some traction as of the end of August. The U.S. Department of Agriculture forecast a record 124.9 million tonnes of […] Read more
All eyes on Russian weather as wheat rebound
Russia is experiencing a rough transition from El Nino to La Nina, which could significantly bite into yields this year
SASKATOON — Wheat futures have gained back much of the ground they lost since the start of the year in the last couple of weeks. And there could be further appreciation on the horizon if World Weather Inc.’s forecast for Russia proves accurate. Related stories: There is a tendency for ridge-building in parts of Russia […] Read more
Dry summer still indicated
SASKATOON — World Weather Inc. believes much of the United States and portions of the Canadian Prairies will experience drought in the summer of 2024. That forecast is based on an analysis of the 18-year lunar cycle. “I’ve looked at six analog years and all six of them have a drier and warmer bias for […] Read more
Rising U.S.-Chinese tensions raise concerns about trade
HOUSTON, Texas — The trade relationship between China and the United States is deteriorating and poses a threat for U.S. farmers, say analysts. “They are shifting away from the United States rather than sending their money here,” StoneX chief economist Arlan Suderman said during a live taping of the U.S. Farm Report at the 2024 […] Read more
Corn prices fall as supplies expected to increase
Some believe ending stocks will soar to 67 million tonnes by the end of 2023-24, up from 35.98 million tonnes this year
Arlan Suderman, chief commodities economist with StoneX, believes ending stocks will soar to 67 million tonnes by the end of 2023-24, up from 35.98 million tonnes this year.
