A senior executive with Bunge North America says the company is not considering modifying its canola processing facility at Altona, Man. to process soybeans. While soybean acres on the eastern side of the prairies have climbed rapidly in recent years, with acres in Manitoba expected to exceed two million in 2017, processing capacity has remained small. The… Read More
Category: Markets
The organization representing India’s pulse crop industry expects its government will issue a three month extension allowing continued imports of peas and lentils that have not been fumigated, according to media reports in India. The government for Canada’s largest pulse export market has previously said it will not extend a derogation (or exemption) that expires… Read More
Grain markets had a pretty busy week as we head closer to #plant17 with more focus on any little headline to trade off of, since there’s no major changes to production or demand at this time. Canola was the biggest loser of the week, down 4.15% since last Friday, thanks to the combination of lower oil… Read More
With Brazil locked in a major bribery scandal that has closed most of its export markets for beef and chicken, the cattle market scrambles to understand the full situation. Brazil is the number one exporter of chicken in the world (40%) which means if borders are shut long term, chicken supplies will be extremely tight,… Read More
FarmLead, a Canadian-based and now global online grain marketplace, has announced a six-point-five million dollar (US) Series A raise led by Monsanto Growth Ventures (MGV), the venture capital arm of Monsanto, with additional investments from Avrio Ventures, the MaRS Innovation Accelerator Fund and Serra Ventures. The close supports FarmLead’s expansion into the U.S. market and the opening of… Read More
Markets move up and down on news, anticipation and results. The currency market has some somewhat predictable drivers of the value of a given country’s currency. This past week, the United States Federal Reserve raised interest rates 0.25% and the impact in the Canadian Dollar value against the US dollar was a head scratcher. Although… Read More
Grain markets cruised through the St. Patrick’s Day week with not a whole lot of luck as a pot of mostly bearish news was found by the time the green beer started to get poured. Oats and corn were the only grains to celebrate the week in the green, up 1.6% and 0.95% respectively, with… Read More
President Trump’s U.S.-first biofuel policy could be bullish for Canadian canola demand, according to the president of Chicago-based Ag Resource Company.As Dan Basse explains in this market-themed Canola School episode, the United States imported about two million tonnes of B100 biodiesel from Argentina last year, offering a dollar/gallon tax credit for it.“A lot of those… Read More
Grains finished the first full week of March on a lower note, mainly due to a stronger U.S. Dollar and a relatively bearish WASDE report from the USDA on Thursday. Oats was the only real winner of the week, up 2.15%, whereas as soyoil was the biggest loser, down 5.5% since last Friday as WTI… Read More
We all have our favourite months of the year. For some people, it’s December due to Christmas, or it could be April, because the cropping season begins, but right now the most critical month for cattle producers is March. It seems that many cattle analysts believe March may end up being a bit more bearish… Read More