Canola prices have been caught up in the largest downdraft since March of 2020. Global recession fears and a potential banking crisis have resulted in a drastic drop in crude oil prices, as well as commodity prices. A surprise increase in canola production in Australia further led to weaknes…
After remaining steady for the past few months, the durum market, in sympathy with what’s taking place in some other commodity markets, started to lose a little ground in mid-March.
Whether it’s Old Man Winter or Mother Nature, whoever is in charge doesn’t appear to want to relinquish their grip on this seemingly endless winter. And as this winter marches on, nearby sunflower prices marched on as well, ending the week of March 10 unchanged to up slightly.
After a sharp sell-off at the end of February and first week in March, the spring wheat market was able to regain some ground as mid-March approached.
Corn prices have fallen some lately, dropping below $6 for old crop. But the market is considering a number of recent factors, waiting to see which direction those factors may move it in the coming weeks.
The canola market has been caught up in the commodity downdraft precipitated by bearish estimates put out by the USDA in its annual Agricultural Outlook Forum. Analysts have been surprised by the overly bearish reaction to the report, given the low accuracy of these annual pre-season estimat…
Durum prices haven’t moved a whole lot in recent weeks, and that’s the good news.
During the last week in February, nearby sunflower prices were unchanged to up 50 cents with new crop unchanged at the region’s crush plants.
As the end of February approached, there were unfortunate sell-offs in the markets, and not just wheat, but across all commodities.
The U.S. Department of Agriculture (USDA), in its first unofficial projections in terms of acreage for the 2023 growing season, is looking at a potential increase of 2.5 million planted corn acres this year. USDA came out with those projections in its annual outlook conference during the thi…
Canola prices continue to be pressured in the month of February as supplies in the pipeline appear to be ample for the time being. Crush margins continue to be very profitable for crushers as they are running at near full capacity in North America. Canola exports, while trending at a pace th…
As of mid-February, local durum prices were holding steady for the most part, although in some locales they had started to drift slightly lower.
After ending 2022 on a slow note and getting off to a lackluster start in 2023, old crop sunflower prices saw a nice little rally ahead of Valentine’s Day.
Not a whole lot has changed in the wheat market in recent weeks as the Great Lakes are still closed and spring planting is still weeks away.
Corn prices have been pushing against the high $6 range in recent weeks due in large part to weather in South America.
Canola prices weakened substantially the last week of January and have showed typical weakness as deliveries have been strong and commercials have reported adequate coverage through the next few months. Weaker palm oil and European rapeseed markets contributed to the weakness.
This is typically a slow time of year after the Great Lakes ports have closed, and that’s where the durum market is at this time … slow. Most cash bids around the durum region range from $9 to $9.25, which is about 25 cents lower than in mid-January. Most of the cash bids are closer to $9.
Producers have been delivering sunflower seeds in big numbers in recent weeks and that has put pressure on prices.
Looking back at the last couple months, spring wheat prices have been stuck in a trading range in the high $8s to the low $9s.
Even though the corn market, unlike soybeans, is not as dependent on exports to be successful, U.S. corn exports have been slower than usual. Despite that, the corn market has remained strong on the basis of good domestic demand.
Canola futures prices have weakened recently while basis levels have improved. In Canada, basis levels have reportedly increased from $1.95 per metric ton (MT) to $6.91 per MT in the regions reported by pdqinfo.ca. In North Dakota, canola basis levels improved by $5 per MT to $10 per MT in t…
Other than some USDA reports earlier this month, there hasn’t been a lot of new news to stir the durum market as the new year gets underway and, as a result, it continues to lack any real luster.
Although the 2022 sunflower season got off to a delayed start, it steadily made up ground and ended the year with 48 percent better production than the previous year. Those numbers were reflected in the latest World Agricultural Supply and Demand Estimates (WASDE) report released by USDA on …
USDA came out with its supply and demand report on Jan. 12, but that report didn’t seem to have much impact on the spring wheat market as prices stayed in the same trading range they’ve been in for the past few weeks.
USDA released four major reports on Jan. 12 – reports that will help set the direction for the corn market.