Reading Time: 5 minutes As we start the new year amid elevated inflation and major headwinds facing the economy, here are our top charts to help make sense of the economic environment for farm operations, agribusinesses and food processors.
Cereals
FCC’s top economic charts to monitor in 2024
Downward trends for cattle, swine herds; positive bent to feed, fertilizer affordability
U.S. grains: Soy futures near two-year lows as traders await US crop reports
Corn futures eased; wheat futures also slumped
Reading Time: 2 minutes Chicago Board of Trade soybean futures ended flat on Thursday and remained near their lowest level since December 2021 amid lackluster demand for U.S. exports and an improved South American supply outlook.
IGC raises wheat, corn, cuts soybeans
IGC upped projected total grain ending stocks to 590.2 million tonnes
Reading Time: 2 minutes As the world’s supply of grain for 2023/24 was increased to 2.307 billion tonnes, the International Grain Council bumped its projections for wheat and corn, while trimming those for soybeans.
Feed grain weekly outlook: More U.S. corn deliveries to feedlots
Frigid temperatures unlikely to disrupt grain deliveries, analyst says
Reading Time: 2 minutes The New Year still hasn’t whetted the appetite for corn from the United States to Alberta feedlots.
U.S. grains: Soybeans fall on demand concerns, Brazilian crop outlook
Corn, wheat futures were steady to up
Reading Time: 2 minutes Chicago soybean futures fell on Wednesday, shedding gains from the previous session, amid growing market concerns about export demand and improving weather for Brazil's oilseed crop.
CBOT weekly outlook: Big surprises unlikely in S/D report
Watch out for which side of two billion bushels U.S. corn carryout lands, analyst says
Reading Time: 3 minutes Ahead of the monthly report from the United States Department of Agriculture on Jan. 12, Allendale Inc. president Steve Georgy said he’s not expecting any major surprises for U.S. corn, soybeans or wheat at this point in the 2023/24 marketing year.
Ukraine’s Dec Black Sea food exports top U.N.-brokered deal at its peak
Kyiv believes it has managed to dislodge Russian forces from the western part of the Black Sea
Reading Time: 2 minutes Ukraine exported 4.8 million metric tons of food via its Black Sea corridor in December, surpassing the maximum monthly volume exported under a previous U.N.-brokered grain deal, brokers said on Wednesday.
U.S. grains: Soybean and corn futures rebound from multiyear lows
Wheat futures jump after a sharp drop on Monday
Reading Time: 2 minutes Chicago Board of Trade soybean and corn futures rebounded on Tuesday on short covering and technical buying after sliding to multiyear lows earlier in the session.
U.S. grains: Corn, soy hit multi-year lows as oil sinks, rains aid Brazil crops
Concerns over Chinese demand for U.S. soybeans and wheat hung over the futures markets
Reading Time: 2 minutes U.S. corn futures sank to their lowest level in more than three years on Monday and soybean futures set a two-year low as steep declines in crude oil prices spilled over into agricultural markets.
Court remedy sought for unfulfilled contracts
Sask. company claims equipment breakdown at a third-party mill caused it to declare force majeure on contracted oats
Reading Time: 2 minutes More than two dozen farmers are moving ahead with legal action against Purely Canada Foods after it failed to honour contracts for gluten-free oats. The dispute centres on 2022 gluten-free oat contracts. On March 1, 2023, the company sent a letter to the farmers saying it was voiding the contracts because oat processing machinery had failed the previous fall and it couldn’t accept the crop.