While Prairie producers are expecting good growing conditions this year, other countries currently struggle with dryness
REGINA — Dry conditions are affecting South American crops, which in turn will affect markets, says agricultural meteorologist Drew Lerner. The recent bump in corn and soybean prices has come from drier weather in Argentina and Brazil, the World Weather Inc. president told a Jan. 7 webinar. Uruguay and parts of Paraguay are also dry. […] Read moreTag Archives crop markets
Crop markets follow weather, tariffs, currency fluctuations
Crop markets in early 2025 will likely be subdued as production prospects in South America appear good and the outlook for global trade is on edge, fearing U.S. president-elect Donald Trump’s threats about levying harsh tariffs and a potential renewed trade war with China. In the Southern Hemisphere, Australia has mostly completed its harvest with […] Read more
Tariff war might again roil oilseed markets
A report commissioned by the American Soybean Association and the U.S. National Corn Growers Association warns that a new trade war between the United States and China would cost American farmers while benefiting producers in Brazil and Argentina. See Sean Pratt’s story on the report here. President-elect Donald Trump says that when he takes office […] Read more
Grim outlook for new crop
SASKATOON — Analysts speaking at a recent GrainFox market outlook webinar must have left their rose-coloured glasses in the drawer at home. Their assessment of the 2024-25 grains and oilseeds market is bleak. Related stories: Dan Basse, president of AgResource Company, thinks the market highs are already in for the 2024 crop. He believes soybean […] Read more
U.S. policy shifts join weather, economics as market movers
Crop market forecasting for the coming months has become more complicated as questions about American policy direction are added to the usual issues about weather and economic developments. Donald Trump is busy selecting loyalists for his cabinet. With both houses of Congress also in Republican hands and likely to be in tune with Trump’s agenda, […] Read more
Global crops mainly prosper, remaining problems modest
Crops in much of Canada and the United States are doing a lot better than last year, thanks to improved moisture through the spring. And nearly all of the Canadian Prairies and American Midwest were expected to get even more rain June 28-July 3. That system might have delivered excessive amounts in some areas. While […] Read more
Crop market keeps watchful eye on spring weather
In the first half of March, a modest rally in the grain futures lifted prices off what appears to have been the seasonal low, but traders seem reluctant to drive prices significantly higher. A month ago I wrote about the search for a trigger that would spark a short-covering rally. It seems that the big […] Read more
North American dry trend might be ready to lose its grip
As July approaches, the dominating question in crop markets is whether the dry weather that dominated the U.S. Midwest in June will continue, bringing back memories of the 2012 drought and its summer of soaring crop prices. The dry June in the U.S. Midwest shook the complacency out of the crop market and lifted prices […] Read more
Worry about recession weighs down commodity markets
It seems markets have got into a funk worrying about the potential for a recession and are betting that demand for commodities, including crops, will be restrained. Crop markets have also replaced the panic caused by Russia invading Ukraine with a more calm assessment. Prices for most major crops have returned to levels similar to […] Read more
