As China heads into the 2026/27 marketing year, the United States Department of Agriculture attachés in Beijing projected a few minor to moderate changes in the country’s soybean, canola, corn and wheat crops.
Brazil’s massive soybean crop may be grabbing the headlines, but there should be more attention on the difficulties with the country’s corn crop, said analyst Michael Cordonnier of Soybean and Corn Advisor Inc.
As Egyptian wheat imports in 2026/27 are expected to remain relatively steady from the previous marketing year, the country’s wheat production is projected to bump up, the United States Department of Agriculture attaché in Cairo reported on March 12.
To Darcy Haley, vice-president of Ag Value Brokers in Lethbridge, there are two main reasons for recent increases for feed barley and wheat. Haley said on March 12 that there’s an ongoing lack of farmer selling, plus stiff competition from the grain companies looking to export barley.
As spring planting approaches, farmers are busy planning which crops to seed this year and how much. With that, market thoughts have turned toward planted area projections, as Statistics Canada is set to issue its report on Thursday.
There are a number of unknowns that could affect where soy, corn and wheat prices go on the Chicago Board of Trade, said Sean Lusk, vice-president of Walsh Commercial Hedging Services.
Although there has been some upward movement in feed grain prices, particularly in Alberta, it’s not domestic demand that’s pushing them higher, said Jim Beusekom, president of Market Place Commodities in Lethbridge on Feb. 19.