Grain markets saw a wild ride to start the month of May as the week started out with big concerns about weather before cooler heads prevailed and bullish gains made earlier in the week were reined in. Oats were the big winner, up 8% since last Friday on the futures board on planting delays. Canola… Read More
Category: Markets
On Friday, Shaun Haney was invited to be on the Free For All Panel on Agritalk, along with Chip Flory and Jim Wiesemeyer. Agritalk with Mike Adams has over 95 United States based radio affiliates and can be heard across North America on Rural Radio 147 (couple hours before RealAg Radio). The topics included US… Read More
The wheat market rallied earlier this week after parts of the U.S. hard red winter wheat crop were pummelled by nasty weather. A blanket of snow fell on ripening wheat in parts of Kansas, Colorado, Oklahoma and Nebraska. Heavy rains have also caused flooding from Oklahoma to Indiana. “There certainly is some damage in the… Read More
Grain markets ended the month of April on generally jovial terms as weather concerns (AKA premiums) are playing to the minds of the bullish speculators. For the week, oats was the biggest performer, up 5.3%, followed by Chicago’s soft red wheat market, gaining 2.55%. Corn gained 0.5% on planting concerns while soybeans fell 0.55% on the… Read More
Grain markets dealt with a sideway 3rd week of April thanks to weather concerns, acreage estimates, and planting progress owning headlines. Canola was the biggest winner for the week, up 1.4%, while conversely, oats was the sorest loser, down 0.8%. Corn and wheat were slightly lower, down 0.35% and 0.2% respectively, whereas soybeans gained 0.4%… Read More
The cattle markets have seen two weeks of strong futures gains, which is bringing smiles to the faces of cattle feeders. With carcass weights lower in Canada and the United States, they’re are current and looking to fill empty pens as the cash market rises. The summer of 2016 is still fresh in cattle feeders minds… Read More
Canadian farmers have found some additional acres to seed this year, according to the Statistics Canada planting intentions report published on Friday. The agency’s projections for the three largest acreage crops — wheat, canola and soybeans — were all higher than analysts were expecting. Adding up the individual crop and summer fallow categories, the total acres described… Read More
A record 22.4 million acres of canola will be seeded in Canada this year, but wheat will remain number one in terms of area, according to the Statistics Canada seeding intentions report published on Friday. The StatsCan all-wheat estimate came in at 23.2 million acres, higher than highest pre-report analyst predictions, which ranged from 21.2… Read More
Trade between the NAFTA nations has become mainstream news on a daily basis. Trade relations between Canada and the United States seems to be getting cooler as the battle over lumber, energy, and dairy heats up. The Canadian and American agriculture economies are very linked and, as highlighted by Kevin Grier in his March edition of… Read More
With more than 2 million unharvested acres, and wet conditions preventing normal fall work in many areas it’s going to be a busy spring across much of Western Canada. How will this affect acres of each crop, especially if the recent wet weather trend continues? As Mike Jubinville of ProFarmer Canada notes, cropping options are going… Read More