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Articles by Todd Austin
Ontario Grain Marketing Commentary, July 22, 2020
Commodity Period Price Weekly Movement Corn CBOT Sept 3.27½ ↑ 1 ¼ cents Soybeans CBOT Sept 8.94 ↑ 13 ¼ cents Wheat CBOT Sept 5.35½ ↓ 16 ¼ cents Wheat Minn. Sept 5.14¾ ↓ 12 ½ cents Wheat Kansas Sept 4.48½ ↓ 11 cents Oats CBOT Sept 2.80¾ ↑ 4 ½ cents Canadian $ Sept 0.7451 ↑ 45 points The latest corn condition report estimates that the U.S. corn crop is 69% good-to-excellent. This rating is unchanged from last week.
Ontario Grain Market Commentary, October 21, 2020
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Dec 4.13 ¾ ↑ 17 ¼ cents Soybeans CBOT Nov 10.72 ↑ 15 ¾ cents Wheat CBOT Dec 6.29 ¾ ↑ 33 cents Wheat Minn. Dec 5.82 ¼ ↑ 36 ½ cents Wheat Kansas Dec 5.69 ¾ ↑ 34 ½ cents Oats CBOT Dec 3.04 ↑ 16 ¼ cents Canadian $ Sept 0.7619 ↑ 82 points The U.S. corn harvest was 60% complete as of last Sunday. The current harvest pace is well above the five-year average of 43%. Closer to home, both Michigan and Ohio corn harvest is 24% complete.
Ontario Grain Market Commentary, September 7, 2020
Commodity Period Price Weekly Movement Corn CBOT Dec 3.88¾ ↑ 9 ¾ cents Soybeans CBOT Nov 10.51 ↑ 27 ½ cents Wheat CBOT Dec 6.075 ↑ 29 ½ cents Wheat Minn. Dec 5.49¼ ↑ 10 ½ cents Wheat Kansas Dec 5.44½ ↑ 34 ¾ cents Oats CBOT Dec 2.94 ↑ 8 ¼ cents Canadian $ Sept 0.7537 ↑ 26 points U.S. corn futures have strengthened since August lows. Chinese demand and the derecho have been factors in this turnaround as the market has switched from a bearish sentiment to a more bullish one.
Ontario Grain Market Commentary, July 15, 2020
Commodity Period Price Weekly Movement Corn CBOT Sept 3.26¼ ↓ 20 cents Soybeans CBOT Sept 8.80¾ ↓ 11 ¾ cents Wheat CBOT Sept 5.50¾ ↑ 34 ½ cents Wheat Minn. Sept 5.27¼ ↑ 4 cents Wheat Kansas Sept 4.59½ ↑ 2 ¾ cents Oats CBOT Sept 2.76¼ ↓ 12 ½ cents Canadian $ Sept 0.7406 ↓ 4 points U.S. Corn ratings continue to decline. The latest report estimates that 69% of the corn is rated as good-to-excellent. This is down from 71% the previous week.
Ontario Grain Market Commentary, October 14, 2020
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Dec 3.96½ ↑ 7 ¾ cents Soybeans CBOT Nov 10.56¼ ↑ 5 ¼ cents Wheat CBOT Dec 5.96¾ ↓ 5 ½ cents Wheat Minn. Dec 5.46 ↓ 3 ¼ cents Wheat Kansas Dec 5.35¼ ↓ 9 ¼ cents Oats CBOT Dec 2.87¾ ↓ 6 ¼ cents Canadian $ Sept 0.7537 ↑ 72 points As of October 11, about 41% of the U.S. corn crop had been harvested, up from 25% last week. The current harvest pace is well ahead of the five-year average of 32%.
Ontario Grain Market Commentary, January 20, 2021
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Mar 5.22 ↓ 2 ½ cents Soybeans CBOT Mar 13.69 ½ ↓ 36 ¾ cents Wheat CBOT Mar 6.67 ¾ ↑ 7 ¼ cents Wheat Minn. Mar 6.37 ½ ↑ 8 ¾ cents Wheat Kansas Mar 6.37 ↑ 11 ¼ cents Oats CBOT Mar 3.64 ↑ 2 ¼ cents Canadian $ Mar 0.7909 ↑ 24 points China imported 11.3 million tonnes of corn in 2020. This figure exceeds their annual import quota of 7.2 million tonnes. In 2019, China imported nearly 5 million tonnes of corn.
Ontario Grain Market Commentary, December 9, 2020
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Mar 4.23 ¾ Unchanged Soybeans CBOT Jan 11.58 ½ ↑ 3 ¾ cents Wheat CBOT Mar 5.83 ¼ ↓ 5 ¼ cents Wheat Minn. Mar 5.55 ¾ ↓ 5 ½ cents Wheat Kansas Mar 5.51 ↓ 2 ¾ cents Oats CBOT Mar 3.27 ¾ ↑ 31 ¼ cents Canadian $ Mar 0.7805 ↑ 67 points Due to China’s low domestic supplies of corn as well as high domestic prices, there is the expectation of continued imports of corn.
Ontario Grain Market Commentary, December 16, 2020
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Mar 4.27 ¼ ↑ 3 ½ cents Soybeans CBOT Jan 11.83 ¼ ↑ 25 ¼ cents Wheat CBOT Mar 5.98 ½ ↑ 15 ¼ cents Wheat Minn. Mar 5.58 ¾ ↑ 3 cents Wheat Kansas Mar 5.51 ↑ 10 ½ cents Oats CBOT Mar 3.36 ↑ 8 ¼ cents Canadian $ Mar 0.7837 ↑ 32 points Brazilian corn production is estimated to be 102.5 million tonnes this year.
Ontario Grain Market Commentary, January 6, 2021
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Mar 4.95 ↑ 20 ½ cents Soybeans CBOT Mar 13.61 ½ ↑ 61 cents Wheat CBOT Mar 6.47 ½ ↑ 6 ¾ cents Wheat Minn. Mar 6.06 ¼ ↑ 10 cents Wheat Kansas Mar 6.03 ½ ↑ 18 ½ cents Oats CBOT Mar 3.59 ¾ ↑ 10 ¾ cents Canadian $ Mar 0.7885 ↑ 49 points As the county deals with food price inflation, Argentina has suspended corn exports until March of this year, in an effort to protect domestic supplies.
Ontario Grain Market Commentary, November 11, 2020
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Dec 4.17 ¼ ↑ 12 cents Soybeans CBOT Jan 11.52 ½ ↑ 76 ¼ cents Wheat CBOT Dec 5.98 ↓ 8 cents Wheat Minn. Dec 5.55 ↓ 2 cents Wheat Kansas Dec 5.54 ¼ ↓ 5 ½ cents Oats CBOT Dec 3.03 ¾ ↑ 7 cents Canadian $ Sept 0.7653 ↑ 36 points According to the November WASDE report, the USDA reduced U.S. corn yields from 178.4 to 175.8 bushels per acre. Production was then estimated at 215 million bushels less than the September estimates.
Ontario Grain Market Commentary, September 16, 2020
Commodity Period Price Weekly Movement Corn CBOT Dec 3.71 ¾ ↑ 11 ½ cetns Soybeans CBOT Nov 10.11 ¼ ↑ 32 ½ cents Wheat CBOT Dec 5.42 ↓ 1 ¾ cents Wheat Minn. Dec 5.31 ½ ↓ 4 cents Wheat Kansas Dec 4.75 ↑ 4 cents Oats CBOT Dec 2.73 ↓ 3 ¾ cents Canadian $ Sept 0.7602 ↑ 5 points The USDA has pegged 2020 corn production at 14.9 billion bushels, down 2% from August estimates but up 9% from the 13.617 billion bushels produced in 2019.
Ontario Grain Market Commentary, July 8, 2020
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Sept 3.46¼ ↓ 4 ¼ cents Soybeans CBOT Sept 8.92½ ↑ 1 ¼ cent Wheat CBOT Sept 5.16½ ↑ 18 cents Wheat Minn. Sept 5.23¼ ↑ 5 ¾ cents Wheat Kansas Sept 4.56¾ ↑ 14 cents Oats CBOT Sept 2.88¾ ↓ 2 ½ cents Canadian $ Sept 0.7410 ↑ 48 points U.S. corn crop progress report indicates that 71% of the corn crop is rated good-to-excellent. This is down from 73% a week ago.
Ontario Grain Market Commentary, March 10, 2021
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Mar 5.34 ↓ 1 ¼ cents Soybeans CBOT Mar 14.09 ¾ ↑ 2 ¼ cents Wheat CBOT Mar 6.52 ½ ↓ 3 ¼ cents Wheat Minn. Mar 6.41 ¼ ↓ 1 ¾ cents Wheat Kansas Mar 6.16 ½ ↓ 9 ½ cents Oats CBOT Mar 3.84 ½ ↑ 18 ½ cents Canadian $ Mar 0.7921 ↑ 7 points The USDA has projected the U.S. corn carryout to be 1.50 billion bushels. This figure is unchanged from the February report but higher than the wheat trade was anticipating.
Ontario Grain Market Commentary, August 26, 2020
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Sept 3.40½ ↑ 15 ½ cents Soybeans CBOT Sept 9.19½ ↑ 7 cents Wheat CBOT Sept 5.32 ↑ 20 cents Wheat Minn. Sept 5.17½ ↑ 7 ½ cents Wheat Kansas Sept 4.50¼ ↑ 12 ¾ cents Oats CBOT Sept 2.63¼ ↓ 4 ½ cents Canadian $ Sept 0.7609 ↑ 35 points The USDA corn condition report estimates 64% of the U.S. corn is rated good-to-excellent. This is down 5% from a week ago.
Ontario Grain Market Commentary, August 5, 2020
Commodity Period Price Weekly Movement Corn CBOT Sept 3.10 ↓ 5 ½ cents Soybeans CBOT Sept 8.77¼ ↓ 7 ¼ cents Wheat CBOT Sept 5.10½ ↓ 22 ¼ cents Wheat Minn. Sept 5.03½ ↓ 7 ½ cents Wheat Kansas Sept 4.26 ↓ 19 ¾ cents Oats CBOT Sept 2.74 ↓ 8 cents Canadian $ Sept 0.7555 ↑ 62 points The most recent USDA Crop Condition Report indicates that the U.S. corn condition remains at 72% good-to-excellent. The same report also notes that 92% of the corn is silking.
Ontario Grain Market Commentary, March 17, 2021
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Mar 5.58 ↑ 24 cents Soybeans CBOT Mar 14.17 ¾ ↑ 8 cents Wheat CBOT Mar 6.40 ↓ 12 ½ cents Wheat Minn. Mar 6.33 ¼ ↓ 8 cents Wheat Kansas Mar 6.01 ↓ 15 ½ cents Oats CBOT Mar 3.17 ½ ↓ 13 cents Canadian $ Mar 0.8058 ↑ 137 points China has just recently purchased 1.156 million tonnes of U.S. corn. This is the largest corn purchase since the same country bought 2.1 million tonnes back in January of this year.
Ontario Grain Market Commentary, June 24, 2020
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT July 3.24¼ ↓ 6 cents Soybeans CBOT July 8.70¾ ↓ ½ cent Wheat CBOT July 4.81¼ ↓ 7 ½ cents Wheat Minn. July 5.16¼ ↓ 4 cents Wheat Kansas July 4.31¼ ↓ 1 ¼ cent Oats CBOT July 3.04¾ ↓ 2 ½ cents Canadian $ June 0.7350 ↓ 23 points Corn futures have recently lost ground due to weak demand and an improved weather outlook across the U.S. Midwest. As fuel demand remains low, demand for corn for ethanol production will likewise remain low.
Ontario Grain Market Commentary, June 17, 2020
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT July 3.30¼ ↑ 4 cents Soybeans CBOT July 8.71¼ ↑ 5 ¾ cents Wheat CBOT July 4.88¾ ↓ 17 ½ cents Wheat Minn. July 5.20¼ ↑ ¾ cent Wheat Kansas July 4.32½ ↓ 25 cents Oats CBOT July 3.05 ↓ 8 ½ cents Canadian $ June 0.7373 ↓ 128 points The USDA crop progress report has pegged corn at 71% good-to-excellent. This figure is down by 4 per cent from last week. Overall, 95% of the corn has emerged at this point.
Ontario Grain Market Commentary, September 23, 2020
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Dec 3.68½ ↓ 3 ¼ cents Soybeans CBOT Nov 10.14½ ↑ 3 ¼ cents Wheat CBOT Dec 5.49 ↑ 7 cents Wheat Minn. Dec 5.33 ↑ 1 ½ cents Wheat Kansas Dec 4.84¼ ↑ 9 ¼ cents Oats CBOT Dec 2.87¾ ↓ 14 ¾ cents Canadian $ Sept 0.7479 ↓ 123 point According to the USDA, wet conditions have slowed the U.S. corn harvest. As of September 20, 8% of the U.S. corn has been harvested.
Ontario Grain Market Commentary, August 12, 2020
Commodity Period Price Weekly Movement Corn CBOT Sept 3.14½ ↑ 4 ½ cents Soybeans CBOT Sept 8.80½ ↑ 3 ¼ cents Wheat CBOT Sept 4.91¾ ↓ 18 ¾ cents Wheat Minn. Sept 4.92¼ ↓ 11 ¼ cents Wheat Kansas Sept 4.17¾ ↓ 8 ¼ cents Oats CBOT Sept 2.65 ↓ 9 cents Canadian $ Sept 0.7548 ↓ 7 points The USDA released their August report today. The trade was expecting U.S. corn yields of 180 bushels per acre. This would equate to a 15-billion-bushel corn crop. The July yield estimate was 178.5 bushels per acre.
Ontario Grain Market Commentary, August 19, 2020
Commodity Period Price Weekly Movement Corn CBOT Sept 3.25 ↑ 10 ½ cents Soybeans CBOT Sept 9.12½ ↑ 32 cents Wheat CBOT Sept 5.12 ↑ 20 ¼ cents Wheat Minn. Sept 5.10 ↑ 17 ¾ cents Wheat Kansas Sept 4.37½ ↑ 19 ¾ cents Oats CBOT Sept 2.67¾ ↑ 2 ¾ cents Canadian $ Sept 0.7574 ↑ 26 points Last week the USDA indicated that their current estimate for U.S. corn yield was nearly 182 bushels per acre.
Ontario Grain Market Commentary, September 30
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Dec 3.79 ↑ 10 ½ cents Soybeans CBOT Nov 10.23½ ↑ 9 cents Wheat CBOT Dec 5.78 ↑ 29 cents Wheat Minn. Dec 5.39 ↑ 6 cents Wheat Kansas Dec 5.09¾ ↑ 25 ½ cents Oats CBOT Dec 2.85¾ ↓ 2 cents Canadian $ Sept 0.7511 ↑ 32 points According to the September 30 report, U.S. corn stocks were lower than expected, as the USDA reported corn stocks to be 1.995 billion bushels. The trade was expecting 2.250 billion bushels.
Ontario Grain Market Commentary, July 1, 2020
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Sept 3.50½ ↑ 26 ¼ cents Soybeans CBOT Sept 8.91¼ ↑ 20 ½ cents Wheat CBOT Sept 4.98½ ↑ 17 ¼ cents Wheat Minn. Sept 5.17½ ↑ 1 ¼ cents Wheat Kansas Sept 4.42¾ ↑ 11 ½ cents Oats CBOT Sept 2.91¼ ↓ 13 ½ cents Canadian $ Sept 0.7362 ↑ 12 points The USDA’s June acreage report puts corn acres at 92 million. The trade was expecting 95 million while the USDA March estimates for corn were 97 million acres.
Ontario Grain Market Commentary, September 2, 2020
Commodity Period Price Weekly Movement Corn CBOT Dec 3.58 ¾ ↑ 4 ½ cents Soybeans CBOT Nov 9.62 ↑ 37 ¾ cents Wheat CBOT Dec 5.58 ¼ ↑ 18 ½ cents Wheat Minn. Dec 5.47 ½ ↑ 14 ½ cents Wheat Kansas Dec 4.79 ¼ ↑ 18 Oats CBOT Dec 2.75 ¾ ↑ 11 ¾ cents Canadian $ Sept 0.7652 ↑ 23 points Recently StoneX (formerly INTL FCStone) lowered their corn crop estimate to 15.085 billion bushels, based on yield estimates of 179.6 bushels per acre.
Ontario Grain Market Commentary, July 29, 2020
Commodity Period Price Weekly Movement Corn CBOT Sept 3.15½ ↓ 12 cents Soybeans CBOT Sept 8.84½ ↓ 9 ½ cents Wheat CBOT Sept 5.32¾ ↓ 2 ¾ cents Wheat Minn. Sept 5.11 ↓ 3 ¾ cents Wheat Kansas Sept 4.45¾ ↓ 2 ¾ cents Oats CBOT Sept 2.82 ↑ ¼ cents Canadian $ Sept 0.7493 ↑ 42 points U.S. corn ratings improved this past week to 72% good-to-excellent, up 3 percentage points from last week. Nine states reported improvements, while eight states indicated declines in conditions.
Ontario Grain Market Commentary, November 4, 2020
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Dec 4.05 ¼ ↑ 3 ¾ cents Soybeans CBOT Jan 10.76 ¼ ↑ 31 ½ cents Wheat CBOT Dec 6.06 ↓ 2 ¾ cents Wheat Minn. Dec 5.57 ↑ 5 cents Wheat Kansas Dec 5.59 ¾ ↑ 16 ½ cents Oats CBOT Dec 2.96 ¾ ↑ ¾ cents Canadian $ Sept 0.7617 ↑ 95 points 82% of the U.S. corn crop has been harvested, up 10% from the past week. Michigan harvest is 53% complete while Ohio has completed 41% of their corn crop.
Ontario Grain Market Commentary, September 9, 2020
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Dec 3.60 ¼ ↑ 1 ½ cents Soybeans CBOT Nov 9.78 ¾ ↑ 16 ¾ cents Wheat CBOT Dec 5.43 ¾ ↓ 14 ½ cents Wheat Minn. Dec 5.35 ½ ↓ 12 cents Wheat Kansas Dec 4.71 ↓ 8 ¼ cents Oats CBOT Dec 2.76 ¾ ↑ 1 cent Canadian $ Sept 0.7597 ↓ 55 points The U.S. corn crop condition ratings continue to fall. The USDA estimates 61% of the corn crop is good-to-excellent. This is down 1% from the previous week.
Ontario Grain Market Commentary, February 17, 2021
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Mar 5.53 ↑ 18 ½ cents Soybeans CBOT Mar 13.83 ¾ ↑ 29 ¾ cents Wheat CBOT Mar 6.44 ↑ 8 ½ cents Wheat Minn. Mar 6.23 ↑ 4 ¼ cents Wheat Kansas Mar 6.24 ½ ↑ 10 ½ cents Oats CBOT Mar 3.52 ¾ ↑ 4 ½ cents Canadian $ Mar 0.7876 ↓ 3 points The Brazil Safrinha corn planting continues to progress slowly.
Ontario Grain Market Commentary, February 24, 2021
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Mar 5.59 ¼ ↑ 6 ¼ cents Soybeans CBOT Mar 13.83 ¾ ↑ 40 cents Wheat CBOT Mar 6.80 ¼ ↑ 36 ¼ cents Wheat Minn. Mar 6.46 ½ ↑ 23 ½ cents Wheat Kansas Mar 6.56 ↑ 31 ½ cents Oats CBOT Mar 3.67 ¼ ↑ 14 ½ cents Canadian $ Mar 0.7979 ↑ 103 points The cold snap that affected much of the U.S. last week also caused ethanol plants to either slow production or shut down completely amid power outages and a spike in natural gas prices.
Ontario Grain Market Commentary, November 18, 2020
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Dec 4.25 ¾ ↑ 8 ½ cents Soybeans CBOT Jan 11.75 ¾ ↑ 23 ¼ cents Wheat CBOT Dec 5.97 ¾ ↓ ¼ cents Wheat Minn. Dec 5.50 ¼ ↓ 4 ¾ cents Wheat Kansas Dec 5.57 ¾ ↑ 3 ½ cents Oats CBOT Dec 2.97 ½ ↓ 6 ¼ cents Canadian $ Sept 0.7663 ↑ 10 points The US corn harvest is more or less complete as approximately 95% of the crop has been harvested.
Ontario Grain Market Commentary, April 7, 2021
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Mar 5.60 ½ ↑ 21 ¼ cents Soybeans CBOT Mar 14.08 ¾ ↑ 42 cents Wheat CBOT Mar 6.16 ¼ ↑ 14 ½ cents Wheat Minn. Mar 6.24 ½ ↑ 22 ¾ cents Wheat Kansas Mar 5.63 ¼ ↑ 4 ¾ cents Oats CBOT Mar 3.71 ½ ↑ 3 cents Canadian $ Mar 0.7925 ↑ 9 points According to the USDA, the U.S. has planted 2% of the corn crop as of April 4, 2021. This pace is on par with the five-year-average.
Ontario Grain Market Commentary, April 14, 2021
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Mar 5.94 ↑ 33 ½ cents Soybeans CBOT Mar 14.10 ↑ 1 ¼ cents Wheat CBOT Mar 6.48 ↑ 31 ¾ cents Wheat Minn. Mar 6.61 ↑ 36 ½ cents Wheat Kansas Mar 6.03 ½ ↑ 40 ¼ cents Oats CBOT Mar 3.82 ½ ↑ 311 cents Canadian $ Mar 0.7987 ↑ 62 points Below normal rainfall is expected for Brazil during the months of April to June. This has raised fears of potential yield declines of the corn crop.
Ontario Grain Market Commentary, April 21, 2021
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Mar 6.25 ½ ↑ 31 ½ cents Soybeans CBOT Mar 14.97 ¼ ↑ 87 ¼ cents Wheat CBOT Mar 6.73 ¼ ↑ 24 ¼ cents Wheat Minn. Mar 6.78 ½ ↑ 17 ½ cents Wheat Kansas Mar 6.30 ¾ ↑ 27 ¼ cents Oats CBOT Mar 3.91 ¾ ↑ 9 ¼ cents Canadian $ Mar 0.8003 ↑ 16 points China is rebuilding the nation’s hog herd and moving towards more modern and bio-secure systems. This is placing a stronger demand on feed grains.
Ontario Grain Market Commentary, April 28, 2021
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Mar 6.44 ↑ 37 ½ cents Soybeans CBOT Mar 15.13 ¾ ↑ 34 ¼ cents Wheat CBOT Mar 7.22 ¾ ↑ 47 ¾ cents Wheat Minn. Mar 7.32 ↑ 55 ½ cents Wheat Kansas Mar 6.96 ½ ↑ 58 ¾ cents Oats CBOT Mar 4.07 ½ ↑ 13 cents Canadian $ Mar 0.8123 ↑ 120 points Continued dryness in Brazil has farmers there worried that Safrinha corn yields could be lower than earlier estimates.
Ontario Grain Market Commentary, May 5, 2021
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Mar 7.08 ↑ 64 ½ cents Soybeans CBOT Mar 15.42 ¼ ↑ 28 ½ cents Wheat CBOT Mar 7.44 ½ ↑ 21 ¾ cents Wheat Minn. Mar 7.81 ¼ ↑ 16 ¼ cents Wheat Kansas Mar 7.17 ↑ 20 ½ cents Oats CBOT Mar 4.17 ↑ 9 ½ cents Canadian $ Mar 0.8146 ↑ 23 points As of last Sunday, the U.S. had planted 46% of the expected corn crop. This is up 29% from the previous week and ahead of the five-year acreage of 36%.
Ontario Grain Market Commentary, February 3, 2021
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Mar 5.34 ½ ↑ 17 ½ cents Soybeans CBOT Mar 13.54 ↓ 17 ¼ cents Wheat CBOT Mar 6.35 ½ ↓ 10 ½ cents Wheat Minn. Mar 6.18 ¾ ↓ 6 ¼ cents Wheat Kansas Mar 6.14 ↓ 11 ¼ cents Oats CBOT Mar 3.48 ¼ ↓ ¾ cents Canadian $ Mar 0.7879 ↑ 50 points The USDA released its latest WASDE report on February 9. Corn exports increased by 50 million tonnes from the previous report in January.
Ontario Grain Market Commentary, March 24, 2021
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Mar 5.53 ¼ ↓ 4 ¾ cents Soybeans CBOT Mar 14.32 ¾ ↑ 15 cents Wheat CBOT Mar 6.24 ¾ ↓ 15 ¼ cents Wheat Minn. Mar 6.27 ↓ 6 ¼ cents Wheat Kansas Mar 5.76 ¼ ↓ 24 ¾ cents Oats CBOT Mar 3.81 ½ ↑ 10 cents Canadian $ Mar 0.7962 ↓ 95 points The Brazilian Safrinha corn is 90% planted as recent drier weather allowed for an increased planting pace. Planting increased 16% from the previous week.
Ontario Grain Market Commentary, March 31, 2021
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Mar 5.39 ¼ ↓ 14 cents Soybeans CBOT Mar 13.66 ¾ ↓ 66 cents Wheat CBOT Mar 6.01 ¾ ↓ 23 cents Wheat Minn. Mar 6.01 ¾ ↓ 25 ¼ cents Wheat Kansas Mar 5.58 ½ ↓ 16 ¾ cents Oats CBOT Mar 3.68 ½ ↓ 13 cents Canadian $ Mar 0.7916 ↓ 46 points A Reuters poll forecasts that farmers plan to seed 93.208 million acres of corn this year. Strong demand from China has helped solidify corn acreage intentions.
Ontario Grain Market Commentary, February 3, 2021
COMMODITY PERIOD PRICE WEEKLY MOVEMENT Corn CBOT Mar 5.52 ↑ 18 cents Soybeans CBOT Mar 13.71 ¼ ↓ 3 ½ cents Wheat CBOT Mar 6.48 ¼ ↓ 10 cents Wheat Minn. Mar 6.25 ↓ 7 ¾ cents Wheat Kansas Mar 6.25 ½ ↓ 11 ¼ cents Oats CBOT Mar 3.49 ↓ 3 ½ cents Canadian $ Mar 0.7829 ↑ 5 points Mexico’s corn imports could fall by 9 percent, or 1.5 million tonnes, this year.
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