Market Trends Commentary for November-December 2018

US and World

It is a huge harvest coming off across the greater North American Corn Belt, but it is at a slow pace. The corn harvest is almost average, but in Iowa, Kansas Missouri, North Dakota and South Dakota farmers are lagging behind the average by 5%. The soybean harvest in the United States is still behind about 6% below the average. Yes, combines have been rolling for quite some time now, but wet weather and now snow has stopped field activity cold in many parts of the Corn Belt. Needless to say, grain is piled up almost everywhere. Continue reading “Market Trends Commentary for November-December 2018”

Philip Shaw farms near Dresden, Ontario. He is the author of the Grain Farmers of Ontario Market Trends Report published 14 times per year. He speaks on grain prices across Canada and his commodity commentary can be read regularly in several publications.

Market Trends Report for October-November 2018

US and World

Combines are rolling across the American Midwest, Ontario and Quebec. Big crops are creating grain piles all over farm country amid some of the worst harvest weather in years. Heavy rains have inundated parts of Iowa and many other US states causing all types of harvest problems. It is one of the biggest crops ever in the United States. How big is the real question especially with the damaging harvest weather. On October 11th, USDA weighed in with their latest crop estimates. Continue reading “Market Trends Report for October-November 2018”

Philip Shaw farms near Dresden, Ontario. He is the author of the Grain Farmers of Ontario Market Trends Report published 14 times per year. He speaks on grain prices across Canada and his commodity commentary can be read regularly in several publications.

Market Trends Report for September-October 2018

US and World

It is that time of year when combines are rolling. Across the great North American corn belt harvest is in full swing especially in the southern portions of the American Midwest. The US crop has had huge potential all year with successive USDA reports increasing yields. The actual litmus test is when combines hit the fields with anecdotal yield accounts. This will surely show up in future USDA reports. Continue reading “Market Trends Report for September-October 2018”

Philip Shaw farms near Dresden, Ontario. He is the author of the Grain Farmers of Ontario Market Trends Report published 14 times per year. He speaks on grain prices across Canada and his commodity commentary can be read regularly in several publications.

Market Trends Report for August-September 2018

US and World

It has been a benign summer across the great North American farm belt. While there have been areas of weather anomalies such as drought and flooding the vast majority of cropland up until August 10th has had very good weather and crops are reflecting that. US crop condition ratings have been highly favorable throughout the summer and increasingly it looks like a tremendous crop in the United States. Continue reading “Market Trends Report for August-September 2018”

Philip Shaw farms near Dresden, Ontario. He is the author of the Grain Farmers of Ontario Market Trends Report published 14 times per year. He speaks on grain prices across Canada and his commodity commentary can be read regularly in several publications.

Market Trends Commentary for July-August 2018

US and World

Every summer always presents challenges for the crop growing in the field. July weather is usually critical for corn production as we go through the very important pollination process. Generally speaking, the crop weather across United States corn belt has been benign setting up the possibility of very good crops in the United States. Parts of Missouri and southern Iowa are suffering from drought as of July 20th, but for the most part American crops are looking very good. The USDA weighed in on July 12th with their latest crop report. Continue reading “Market Trends Commentary for July-August 2018”

Philip Shaw farms near Dresden, Ontario. He is the author of the Grain Farmers of Ontario Market Trends Report published 14 times per year. He speaks on grain prices across Canada and his commodity commentary can be read regularly in several publications.

Market Trends Post June 29 Special

US and World

We are starting into the home stretch with regard to crop development and critical crop weather in July and August. The July 4th weekend has historically been a time, where the trade decides if the crop is made. Critical weather forecasts at this point in the corn pollination time frame can also frame price action. The American Midwest has been hot and dry with heat warnings across much of the central United States. It is that time of year when market prices can be tremendously volatile. Aside from that, the USDA released its June 29th report giving updated acreage and stocks projections. Continue reading “Market Trends Post June 29 Special”

Philip Shaw farms near Dresden, Ontario. He is the author of the Grain Farmers of Ontario Market Trends Report published 14 times per year. He speaks on grain prices across Canada and his commodity commentary can be read regularly in several publications.

Market Trends Commentary for June-July 2018

US and World

As we hit mid-June crops are growing actively across the North American corn belt. Crop weather has been benign throughout the American Midwest and Southern Ontario, although there are always pockets that are too dry or too wet. Needless to say, as we move into July market watchers will be cognizant of crop weather moving forward. Is that time of year, minus all the talk of tariff wars, where the crop is either made or compromised. Continue reading “Market Trends Commentary for June-July 2018”

Philip Shaw farms near Dresden, Ontario. He is the author of the Grain Farmers of Ontario Market Trends Report published 14 times per year. He speaks on grain prices across Canada and his commodity commentary can be read regularly in several publications.

Market Trends Commentary for May-June 2018

US and World

It is a time of year when grain farmers can’t get things done fast enough. Planters are rolling across US and Ontario farm country as farmers have hit the ground running. In the United States 29% of the American corn crop has been planted as a May 6th compared to 45% last year at the same time. About 15% of the American soybean crop has been planted compared to 13% at the same time last year. As farmers, we know that every year is different. Spring weather will certainly have an impact on this crop planting progress as we move ahead. Continue reading “Market Trends Commentary for May-June 2018”

Philip Shaw farms near Dresden, Ontario. He is the author of the Grain Farmers of Ontario Market Trends Report published 14 times per year. He speaks on grain prices across Canada and his commodity commentary can be read regularly in several publications.

Market Trends Commentary for April-May 2018

US and World

There is activity almost everywhere across the greater North American corn belt. The March 31st USDA report always serves as a starting gun on the crop year. In fact, row crops are up and growing in the American south. There are thousands of acres already planted in the southern Midwest. It is that time of year when markets crackle with uncertainty giving value to the risks yet to materialize. The April USDA report is usually a second thought to its bigger cousin on March 29th, but it does provide an updated opinion from the USDA with regard to foreign crops and US domestic stocks. Continue reading “Market Trends Commentary for April-May 2018”

Philip Shaw farms near Dresden, Ontario. He is the author of the Grain Farmers of Ontario Market Trends Report published 14 times per year. He speaks on grain prices across Canada and his commodity commentary can be read regularly in several publications.

Post March 29 Special 2018

US and World

It might seem hard to believe, but the long winter is finally in the rearview mirror. Farmers across North America are busy making last-minute preparations to put crops in the ground. In fact, some corn is in the three and four leaf stage in southern states like Texas. There is also corn and soybeans going into the ground in southern Illinois. We are ramping up to another planting season. The March 29th USDA report always serves as a starting gun on the new crop year. Continue reading “Post March 29 Special 2018”

Philip Shaw farms near Dresden, Ontario. He is the author of the Grain Farmers of Ontario Market Trends Report published 14 times per year. He speaks on grain prices across Canada and his commodity commentary can be read regularly in several publications.