There were several developments and stories in the news this week that could have future market implications.
Stats Canada released its initial production estimates yesterday morning, which were generally a bit smaller than the trade was expecting. Among the Canadian crop projections were the following:
All wheat at 25.5 MMT was 1 MMT below USDA’s August estimate, and durum was a surprise at 3.9 MMT since the trade was looking for 4.2-4.5 MMT. Canola was 18.2 MMT versus 19.6 MMT last year and trade estimates generally in the 19 MMT range. (The 2016 canola crop was surprising raised by more than 1 MMT.). Lentil production came in at 2.3 MMT, well below last year’s 3.3 MMT. Barley production is expected to be down 18 percent from...
There are plenty of major headlines moving across the markets today, but the reaction beneath them remains cautious. Crude oil is holding steady despite reports of progress involving the Strait of Hormuz, corn and soybeans remain tied to changing weather forecasts, and wheat continues to weigh...
Key Takeaways: Sugarcane is the world’s largest crop by total production volume, surpassing major commodities such as corn, wheat, and soybeans, and supplies roughly 80 percent of global sugar production. Sugarcane’s perennial growth cycle allows farmers to harvest multiple crops f...
Russian Grain Markets: 27–31 July 2026 Russian grain prices declined sharply during the week under review as new-crop supplies entered the market and demand weakened. Corn and barley prices declined, while both milling and feed wheat and rye experienced larger losses. The harvest campaign...
