The canola market has continued its momentum in recent weeks, rising for five straight sessions up until May 7, hitting its highest levels of 2024 before retreating somewhat on May 8. The new crop November contract swung by more than 10 percent in the last two weeks from the low to the recen…
In terms of fundamentals, not much has changed in the durum market. Nonetheless, local prices have moved up slightly, following along with improved prices for other wheat classes.
Sunflower planting hasn’t gotten underway quite yet, so there is an opportunity for producers to take advantage of recent price improvements at regional crush plants and consider sunflowers in their crop rotation.
After several weeks of steadily declining prices, the spring wheat market was able to see some positive movement in prices in early May.
The corn market is keeping a close watch on the southern region of Brazil, as well as Argentina, where heavy rainfall and flooding has impacted the corn crop and given a little bit of a boost to prices.
The canola market has gained some momentum in recent weeks even though there has been no market moving news in the vegetable oil markets. Soybeans and palm oil, along with European rapeseed, have been steady to up slightly in this timeframe. The canola market did have a big move down on Apri…
Cash prices for durum around North Dakota have remained in a range from $7.50-$7.75 for the past few weeks, while new crop bids are a little lower at around $7. But for durum, that’s good news.
Sunflower producers got a bit of good news as prices at area crush plants were up slightly in late April while new crop prices were unchanged from the week before.
Weather can determine how successful a growing season is, as well as the direction it moves prices. Geopolitical issues take a more indirect route to impacting markets and prices, but they are often effective in doing so with added volatility. Lately, a combination of both is helping to supp…
The corn crop is starting to go in the ground; weather for this time of year is typical in that at any one time it can be warm or cool, wet or dry, and windy; and the market seems to have settled somewhat. In other words, normal.
The canola market continued to move in a sideways range in early April, with price action exhibiting stronger markets according to several market watchers. Recent record palm oil prices have supported the overall vegetable oil market. With expected North American production of canola remaini…
In early April, following the release of the Prospective Planting Report, durum prices were showing signs of stabilizing after months of a steady decline.
Although USDA released its Prospective Planting Report at the end of March, it was still a big topic of discussion in the sunflower market into early April as producers are intending to plant fewer sunflower acres this year.
After experiencing a slide in prices over the past few months, spring wheat prices have seen a slight rebound in early April following the release of USDA’s Prospective Planting Report.
As producers ready their equipment in anticipation of spring planting – some have already begun in limited areas – they’re looking at a corn market that has been stagnant and could remain so for the near term unless some new news sparks the market.
Oilseed markets have been moving in a sideways range in recent weeks, with canola making strong gains in some trading sessions, only to fall back in subsequent sessions.
Since the start of 2024, durum prices have continued to inch lower, but as the end of March approached, they appear to have leveled off. Most cash bids for durum around the region are around $7.50 per bushel, although there are still a few at $7.75.
The sunflower market was relatively unchanged following the March WASDE (World Agricultural Supply and Demand Estimate) report and was instead focusing on the upcoming March Planting Intentions Report, due out March 28.
After a bit of a rough start to the new year, there’s been a ray of light lately in the wheat market.
The corn market is facing an atypical situation in that the price highs thus far in 2024 were set in January, something that has happened only rarely in the past 20 years.
The canola market has found some strength since the end of February, with a rally in the ICE Canola Futures of nearly $50 per ton since then. General bullishness in the vegetable oil market has followed short covering from speculators, according to several market analysts. Palm oil productio…
Despite a lack of any major news, durum prices, like prices in many other grain commodities, continued to slide lower as March began. Most cash prices around the region were around $7.75 as of March 8, which was about 25 cents lower than the previous week.
Sunflower producers will be taking lower crop insurance prices into consideration as they make their plans for spring planting in 2024.
Unfortunately, spring wheat prices have continued to slide lower, as have other grain commodity prices since the first of the year. Wheat prices were maybe a bit steadier in early March, but that’s hardly great news.
Although prices aren’t causing much enthusiasm among producers lately, the corn market itself has shown itself to be somewhat resilient.
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