FarmLead Update

Thinking about the 2018-2019 U.S. acreage . . .

In 2017, the U.S. planted the least number of acres of principal crops since 2011 at 318 million. In 2017, corn and soybean acres accounted for 56.5 per cent of all principal crop acres or 178.9 million acres. This was the third straight year that this 1-2 punch of...

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Looking for Santa already

Grain markets were a bit muted recently as the US Thanksgiving holiday interrupted any sort of momentum the market was finding. JP Morgan is telling its institutional investors not to have a buy and hold strategy in 2018, but rather “take advantage of price swings.”...

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Searching for silver linings

Cash grain prices in Western Manitoba continue to drive off the harvest lows. Over the past month, we’ve seen canola prices sit in the $11 handles with some $12s trading on the FarmLead Marketplace for spring 2018 movement. The Canadian Loonie has been hovering around...

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Growing more grain

On Thursday, Nov. 9, the USDA came out with their monthly world agricultural supply and demand estimates. Usually, November is a bit of a sleeper month but given the delayed corn harvest in the US, there were some ideas that the USDA might provide the market...

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Finally finding some legs

Grain prices in Western Manitoba found some legs this past week, thanks to a weaker Canadian Dollar (more on that later). Hard red spring wheat prices got the biggest boost, jumping 20 – 40 cents CAD / bushel (dependent on delivery period. Canola gained 2-3% to make...

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Sideways isn’t actionable

Cash grain prices in Western Canada are starting to rebound off the harvest lows, but not by much. Canola has seen some strength, as it continues to hover around $500 CAD / metric tonne on the Winnipeg ICE futures board. On the cash markets, $11 CAD / bushel is...

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