Reading Time: 2 minutes MarketsFarm — While optimism towards the ‘Phase One’ trade deal between the U.S. and China has continued, its initial impact on the Chicago Board of Trade (CBOT) has diminished, according to one trader. “I think the biggest thing is everyone is on hold wondering, is it real? The actual terms of this [agreement] are still […] Read more
CBOT weekly outlook: Trade awaits solid details on ‘Phase One’
What to expect from grain companies premiums and discounts
Prices for different grades and protein levels are likely to vary by region throughout the crop year
Reading Time: 4 minutes As harvest continued late into this fall, Prairie grain buyers continued to sort out what they would pay for this year’s crop. “Currently, grain company discounts and premiums for grade and protein are variable and changing almost daily as they try to determine what they can pay for these grains, what they will be able […] Read more
Pulse weekly outlook: Balance sheet tightening
Reading Time: 2 minutes MarketsFarm — Canadian pea and lentil production failed to live up to earlier projections, according to the latest survey data from Statistics Canada. While both crops are still forecast to be above their year-ago levels, the tightening supply expectations should underpin prices. Canada’s 2019-20 lentil crop was pegged at 2.17 million tonnes in the government […] Read more
StatsCan report puts canola production at lowest since 2015
Reading Time: 2 minutes MarketsFarm — Data from Statistics Canada’s production of principal field crops report, released Friday morning, will likely be supportive of canola values, put pressure on barley, and keep wheat prices steady. In the report, canola production across Canada decreased by 8.3 per cent nationally to 18.6 million tonnes, compared to 2018 production volumes. The decreased […] Read more
ICE weekly outlook: Canola steady, awaits news
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday, but remain rangebound overall awaiting some fresh market-moving news. Some direction could come from the U.S. soybean complex, as the ongoing back-and-forth of trade talks with China could see some actual movement ahead of a Dec. 15 deadline that will see the […] Read more
U.S. grains: Wheat futures drop sharply
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures sagged 1.8 per cent on Tuesday, the biggest percentage loss for the most-active contract in two months, on a round of profit-taking and technical selling, traders said. U.S. corn futures closed narrowly mixed, with nearby contracts weighed down by the drop in […] Read more
CBOT weekly outlook: Impeachment process stifles markets
Reading Time: < 1 minute MarketsFarm — U.S. President Donald Trump’s impeachment hearings have dominated headlines and stalled progress in numerous trade developments, leaving the Chicago Board of Trade (CBOT) starved of meaningful news. The Canada-U.S.-Mexico Agreement (CUSMA) has yet to be ratified by the U.S. House of Representatives. The trade pact, meant to replace the North American Free Trade […] Read more
Knowing your wheat’s falling number critical this year
Reading Time: 4 minutes [UPDATED: Nov. 22, 2019] The ‘harvest from hell’ has resulted in one of the worst years in recent memory for sprout damage. That’s pushed down falling numbers and — since grain buyers have different approaches to handling this issue — increased the need for farmers to know the falling numbers for their wheat. But if […] Read more
U.S. states declare emergencies to help farmers in propane shortage
Reading Time: 2 minutes Reuters — Regional shortages of propane, which is used for heating homes and barns and by farmers to dry their crops, have led to emergency declarations covering nine U.S. Midwest states amid late harvests of soggy grains. Iowa, Minnesota, North Dakota and Wisconsin declared state emergencies beginning in late October, and continued last Friday to […] Read more
Millions of acres of canola freeze, compound ‘harvest from hell’
Reading Time: 2 minutes Winnipeg | Reuters — Heavy snow and rain during harvest on the Canadian Prairies have left several million acres of canola buried until spring, the latest blow in a miserable year that may compound farmer problems into 2020. Canola is renowned as Canada’s most profitable crop, exported to China, Japan and Mexico to make vegetable […] Read more
A message from April Stewart, Country Guide's Associate Editor
