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Limp wheat plants, a result of the climate phenomenon La Nina, at a farm in Navarro, in Buenos Aires province, Argentina December 5, 2022.
Grain Markets, Markets

Canola trade keeps eye on South America’s weather

Canola continues to fluctuate within its $800-$900 trench

By
Choppy trade with no real clear direction became the major storyline in the ICE Futures canola market heading into the end of 2022, as investors squared positions and looked to book profits. That’s normal for this time of year as participants head to the sidelines ahead of the holidays, but there are several factors to
Where does the canola market go now?
Grain Markets, Markets

Where does the canola market go now?

Less production in Canada may or may not mean higher prices in the New Year

By
The canola market took a turn on Dec. 2 when Statistics Canada lopped off more than 900,000 tonnes from its previous production call for the oilseed. Farmers and traders are faced with less canola, which threw a wrench into things. As expected, less canola coming off Western Canadian fields provided a strong boost to the oilseed’s
On Dec. 1, the Environmental Protection Agency announced its plans for a new biofuel blending mandate...
Grain Markets, Markets

Soyoil drop plunges soybeans, canola

Soybean industry slams meaningless increase in biofuel mandates from U.S. EPA

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As the calendar flipped to December, the fortunes of Chicago soyoil, along with soybeans and canola, turned cold. On Dec. 1, the Environmental Protection Agency announced plans for a new biofuel blending mandate under the United States’ federal Renewable Fuel Standard. Starting in 2023, a greater volume of biofuels will be mixed with fuels at
Brazil corn freight prices jump in wake of road blockades
Grain Markets, Markets, News

Brazil corn freight prices jump in wake of road blockades

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Reuters – Protests over Brazil’s election result that blocked roads in Mato Grosso state earlier this month lifted truck freight prices, affecting the operations and margins of global grain traders at a time when farmers are selling their abundant second corn crop. Truck freight rose 20 per cent (US$9.40) per tonne in Mato Grosso, said
‘In the long run, commodity grain prices tend to gravitate toward the lowest cost, most efficient group of producers. But in the short and medium terms, a lot can and will happen…’
Grain Markets, Markets

Watching patterns of grain pricing

Have grain prices reached a new trading range, or will they come down?

By
Economics, investor sentiment and trader psychology are all popular buzzwords that try to explain human nature, but they are nothing new. They have been around as long as humans, markets and trade have been around. They are all just another way of trying to figure out what the heck is going on. The study of
Canadian crushers have processed about three million tonnes of canola during the 2022-23 crop year to date.
Grain Markets, Markets

Demand from China remains wild card in canola market

Canola values are near the low end of their current well-entrenched range

By
ICE Futures canola contracts moved steadily lower during the week ended Nov. 24, falling to their weakest levels in two months and nearing the bottom edge of their well-established sideways trading range. With numerous supportive factors underneath the market, a case could easily be made that canola is due for a correction higher. What could
The Navi Star, a Panama-flagged bulk carrier ship, arrives at the western Ireland port of Foynes delivering 33,000 tonnes of Ukrainian corn on Aug. 20.
Grain Markets, Markets

Black Sea tensions spur market volatility

Geopolitical concerns arise in a relatively quiet period for market fundamentals

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North American grain and oilseed markets saw wide price swings during the week ended Nov. 17. A barrage of conflicting news regarding the long-running conflict in Ukraine was at the forefront. The week started amid talk that Russia was considering backing away from the agreement allowing Ukrainian grain shipments through the Black Sea. Any disruption
U.S. corn ending stocks in the latest WASDE report were estimated at 1.182 billion bushels.
Grain Markets, Markets

Corn still bearish after WASDE report

Key report raises corn production expectation, provides little fuel for market

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The United States Department of Agriculture has released its monthly World Agricultural Supply/Demand Estimates, which usually come with the potential to upset U.S. crop prices if they fail to fall in line with pre-report expectations. Just like the U.S. midterm elections on Nov. 8, there was no “red wave” sweeping the markets after the report’s
A tight stocks situation is being exacerbated by drought in key production regions.
Grain Markets, News

Volatility continues to drive markets

Markets a bit ‘bipolar’, senior market analyst says

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The volatile year for agriculture markets is unlikely to abate, says Mike Jubinville, senior market analyst with MarketsFarm Pro. “I look at these markets as bipolar in some cases,” says Jubinville. “On one hand, the macroeconomics have potentially bearish demand implications as fears of a recessionary environment take hold. But on the other hand, we

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