Bad experiences with high disease levels in last year’s crop are making acreage projections for Western Canada in 2017 a tad more complicated than normal. “This year has been a lot more guess work. We have things we’re just not sure about because the price signals on durum are actually looking pretty favourable, the price… Read More
Category: Markets
Grain markets ended the month of January on the downtrend thanks to more geopolitical (aka President Trump) risk after reaching new highs the week before on continued weather concerns out of South America. Oats was again the main winner, up 2.55% for the week while wheat wasn’t farm behind, gaining 2.15%. With the Canadian Loonie… Read More
Pope Gregory I probably didn’t foresee his list being used as guidance for grain farmers managing market risk when he defined what became known as the seven cardinal sins in 590 AD. But whether we’re talking morality or grain marketing, these behaviours and habits can be costly. Brian Voth, president of IntelliFarm Inc., presented the “seven… Read More
It is no secret that this is a big week at NCBA in Nashville for the Canadian, U.S., and Mexican beef industry. Trade is on tap in every meeting or side conversation throughout the Gaylord Opryland Convention Center. Wednesday morning, February 1, officials and invited guests from all three countries gathered for the annual NCBA trilateral… Read More
Grain markets are closing out the month of January with not a lot of love as weather stabilizes in South American and President Donald Trump following through on a lot of campaign promises (first politician to ever do so?), which is creating more doubts about international demand and/or markets for U.S. agricultural products. From a performance… Read More
Everybody’s waiting to see what President Trump plans to do with NAFTA, but it’s unlikely it will be detrimental to the movement of cattle and pigs across the Canada-U.S. border, says Guelph-based livestock and meat market analyst Kevin Grier. While Trump’s “Buy American” policy and willingness to flat-out talk about being protectionist are concerning, Grier says he… Read More
The announcement last week of a $400 million pea processing plant in central Manitoba caught many in the farm community by surprise. “Peas? Don’t you mean soybeans?” was the most common response. By far. With another 20-plus percent increase in soybean acres expected, there will likely be north of two million acres grown on the… Read More
Grain markets through the middle of January continue to be driven by South American weather challenges, namely flooding in parts of Argentina just as the soybean crop down there is starting to emerge. However, geopolitical factors like the U.K. Brexit and Donald Trump’s inauguration as the 45th U.S. President also weighed on markets. While soybeans… Read More
We’re kicking off the Beef Market Update with likely the most positive-sounding Anne Wasko we’ve heard since last spring (it’s not her fault, dem cattle markets, you guys). Kelvin Heppner steps in for Shaun Haney in this latest look at beef and cattle prices across Canada and into the U.S., and Wasko can’t help but… Read More
As Donald Trump takes office in the United States, questions abound regarding the impact of his promised economic, environmental, foreign, and trade policies. There’s optimism in the agricultural regions of the U.S, as the president-elect has promised a major reduction of government agency regulation. The American people wanted something different in Washington and that is what they appear… Read More