Canola prices have trended lower as harvest pressure from late season crops and increased production estimates of corn and soybeans have been a drag on commodity markets. Soybean oil prices have been trending lower recently, as well, causing canola oil prices to weaken. With the canola harve…
Several factors have been impacting the soybean market and prices in recent weeks, pushing prices higher in September before falling back late in October.
With the U.S. durum harvest complete, the quality analysis of this year’s crop indicates a decent crop overall, but there is a lot of variability, especially with the later harvested crop. And, like a number of other grain commodities that are completing or have finished harvest, prices have…
World sunflower production is expected to increase over last year’s levels, but the ongoing war between Russia and Ukraine continues to impact the market.
After seeing prices increase in September and into early October, wheat, like some other commodities, has started to see prices weaken slightly.
Harvest of the 2026 U.S. corn crop was well past the halfway point by the end of October, both here in the Northern Plains as well as nationally, and as producers pushed toward the end, they also saw prices begin to feel typical harvest pressure.
North Dakota planted a record 2.25 million acres of canola this year, according to the most recent Farm Service Agency data, yet the USDA’s Oct. 9 crop production report indicated acres were 2.33 million, a difference of 80,000 acres. The USDA forecasts 5.4 billion pounds of canola productio…
Although China hasn’t yet reached its goal of purchasing 25 million metric tons (MMT) of U.S. soybeans for this market year, it continues to make purchases and is getting closer. The problem is that the soybean market has been slow to react.
One could look back over the past several weeks and read about the durum market and it wouldn’t look much different week to week … and neither would prices.
Good weather conditions this month have provided producers with an opportunity to make good progress on the 2026 sunflower harvest.
The middle part of October continued to be a “tough sledding period” for the spring wheat market as price gains from earlier in September slipped.
In the October World Agricultural Supply and Demand Estimates (WASDE) report, the U.S. Department of Agriculture (USDA) raised the estimated yield and production of the 2026 U.S. corn crop, which increased supplies and brought a bearish tone to the market. That’s something the market continu…
Canola harvest has nearly wrapped up across North Dakota with some areas of the northern part of the state remaining to be harvested before colder weather sets in. The USDA issued its first production estimate for major crops on Oct. 9, and average canola yields in the state are significantl…
Although there were no big announcements of extended U.S. soybean export sales when President Trump and President Xi of China met in September, demand for U.S. soybeans remains good, as do prices.
With the northern U.S. durum harvest complete, the market now awaits to see what the final production and quality of the Canadian durum crop will be to provide more direction. In the meantime, durum prices continue to hold steady with where they were in late September.
The U.S. Department of Agriculture’s (USDA) recent Quarterly Stocks Report showed that sunflower stocks have risen substantially. The report didn’t have a huge impact on prices though, as they remained unchanged to up 50 cents and new crop contracts were also unchanged.
Spring wheat prices have continued to drift down from the highs in September due in large part to a lack of new news related to geopolitical issues and the fact that any production issues have been accounted for already in the markets.
U.S. corn prices felt the pressure from USDA’s September Quarterly Stocks Report, which shocked the corn market when it was released on Sept. 30.
USDA Farm Service Agency acreage data reported recently shows an additional 135,000 acres were reported in states that do not show up in USDA data. Canola was planted in 365 counties this year in 29 states this year, an all-time record with acres topping 3 million. Six states that exceeded 1…
Although the costs for oil, gas, and diesel fuel remain high and have had a negative impact on many producers’ bottom line, the high energy prices have helped give a boost to soybean prices, which may help alleviate some of the pain.
There was good news in the durum market recently as prices rose after months of remaining in a steady trading range, but there remained some challenges for the market as harvest results are analyzed.
Earlier in August, conditions for the 2026 sunflower crop in the Northern Plains were dry and producers were considering desiccating the crop early to push for an early start to harvest, but after some rains in late August and into September, producers may be re-evaluating those plans.
Although wheat prices have come down some after rallying into early September, the market is still supported by some strong variables that have kept prices in a trading range of $6.40 to $6.95 for local cash prices for 14-protein spring wheat.
Lower production estimates, rain delays for this year’s harvest, and geopolitical issues have all helped corn prices reach the highest they’ve been in three years.
Farmer sentiment decreased again in May as the Purdue University-CME Group Ag Economy Barometer Index declined from 121 points in April to 119. The Current Conditions Index decreased by 8 points, while the Future Expectations Index increased by 1 point. This month’s Current Conditions Index …
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