Grain, oilseed markets trending lower

Grain, oilseed markets trending lower

Expert’s Radar: Middle East conflict and a possible rail strike add to market uncertainty

The major North American grain and oilseed markets continued to trend lower in mid-February, with canola, soybeans, corn and wheat contracts all setting new contract lows as the futures work to uncover demand. Burdensome supply/demand fundamentals, coupled with heavily short speculators and farmer selling on any attempts at moving higher, give little reason to expect

Statistics Canada is set to publish its principal field crop areas report on March 11. That will provide a better idea of what farmers are planning to sow in 2024.

Lane change from downhill to bumpy road

StatCan’s March 11 report will signal seeding intentions for 2024

As February winds down, canola has altered its course. Instead of the dreary downward trend that gave little joy, the oilseed is headed toward a bumpy road. Like frost boils and potholes marking roads throughout the Prairies, canola began facing a future of ups and downs last week. While the Intercontinental Exchange saw a short-lived


frost on soybeans

Do canola and soy need relationship counselling?

Expert's Radar: Watching the interplay of influences can keep your marketing plan from divorcing reality

In any relationship, the actions of one party have an influence on the other, and the space between two objects is sometimes as important as the objects themselves. Nowhere is this more true than in grain markets. Old/new crop spread The spread, or difference between two futures months of the same commodity, can provide insight



Festive spirit misses grain markets

Festive spirit misses grain markets

Expert’s Radar: While Brazil buzzed with Carnival, estimates discouraged grain and oilseed markets

Brazilians were enjoying their most popular holiday of the year as this column went to print, celebrating Carnival with parties, parades, music, samba dancing and an all-around good time. Farmers there hopefully had a chance to partake in the festivities but were likely busy on their fields as well. Soybeans Brazil is the world’s largest

Less pressure on canola from South American soybeans

Less pressure on canola from South American soybeans

It’s now a wait-and-see game on the Latin American harvest

The huge South American soybean crop weighing on North American oilseed values has become something of a question mark. The Brazil soybean harvest is well underway and reduced yields indicate the once promising crop of more than 160 million tonnes will almost certainly be less than 150 million tonnes. A dry northern half of Brazil


Canola swaths in southern Saskatchewan, August 2023.

It’s the little details in DIY, and in canola markets

There can often be lots of small parts to keep track of

My ‘ancient’ five-year-old smartphone works perfectly fine for everything I need it to do, but the battery stopped holding a charge for more than a few hours. Faced with a $100 service charge for replacing the battery or the option of doing it myself for $20, I opted for the latter. The new battery I

In the U.S. the seasonal ‘battle for acres’ between soybeans and corn could be heating up.

Mixed activity in grain markets

From Latin American harvest to AAFC estimates, many factors affected markets

Activity was mixed in the North American grain and oilseed markets during the last full week of January, as traders were busy looking for direction from South America, where Brazil was in its early stages of harvesting its soybean crop and seeding its next corn crop. The looming influx of recently harvested Brazilian soybeans may


China has been a major customer for Canadian wheat so far this year.

Grain markets slowly eroding

Expert’s Radar: There’s little supporting most grain and oilseed futures at the moment

Prices may keep rising at the grocery store, but the general trend in all of the major grains and oilseeds continues to grind lower, with mid-January wheat bids hitting some of their weakest levels of the past few years. World supplies: Wheat is grown around the world, and supplies are more than sufficient to meet

Not much excitement in canola markets

Not much excitement in canola markets

There’s not much moving canola either up or down these days

There’s simply not much of an upside to canola futures right now. At best, the oilseed is destined to remain rangebound, perhaps until the trade has a good handle on what spring planting on the Canadian Prairies could be like. Another idea is canola will shift back and forth until the United States Department of