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
Tag Archives Dan Basse
Used cooking oil pressures soy
SASKATOON — The United States continues to face a tsunami of used cooking oil imports from China that is undermining the country’s soybean crush expansion, says an analyst. The U.S. imported 3.2 billion pounds of UCO through the first eight months of 2024, which is double the volume for the same period one year ago. […] Read more
Farmers cling to unsold corn as prices slump
Uncertainty around when farmers will liquidate their stocks could result in choppy grain prices this summer
CHICAGO (Reuters) — South Dakota farmer Eric Kroupa received a flurry of calls from grain dealers and ethanol plants asking to buy the corn locked away in his bins when prices neared 4-1/2-month peaks last month. He sold some, but is waiting for buyers to up their bids to sell more. Prices have since eased […] Read more
‘Weather market’ resumes role as price driver
The market is closely watching production problems around the world, including Russia, Europe, Argentina and the U.S.
GENEVA, Switzerland (Reuters) — Weather hiccups in major cereal producers have cast a doubt on prospects of a global grain glut and made fundamentals regain their status of key market drivers after being surpassed by politics, notably the war in Ukraine, analysts say. Wheat prices in Chicago gained 33 per cent in the past two […] Read more
