On Friday, September 11, 2015 (a historic date in its own right), the USDA released its latest world agricultural supply and demand estimates. Most expectations going into the report were that the world crop soothsayers would keep things relatively mute on a global level, and downgrade U.S. production. Alas, the boys and girls in Washington, D.C. had… Read More
Category: Markets
The Alberta Canola Producers Commission has decided it will no longer collect daily cash prices after the launch of the Alberta Wheat Commission’s prairie-wide grain price reporting website this week. The ACPC has compiled and posted regional grain cash prices and weekly feedgrain price reports since assuming responsibility from the Alberta Grains Council in October… Read More
The Alberta Wheat Commission has launched the first phase of its crop price reporting website aimed at helping farmers make more-informed marketing decisions. As of September 8th, the website — known as PDQ, short for “Price and Data Quotes” — is providing daily regional spot and forward bid prices for red spring wheat, prairie spring… Read More
Grain prices this week did not fare so well as the complex dealt with outside pressure from other commodity and equity markets, harvests, and good growing conditions. Most front-month contracts on the futures board dropped 2-5%. The decline started Monday with economic data out China showing its factory activity contracted at the fastest pace in three… Read More
Where were we just one year ago? The Canadian dollar sat at 92 cents U.S. and cattle prices were at all-time highs. Those price levels have since been passed, to everyone’s surprise, but the dollar has taken an absolute beating in just a year’s time. Anne Wasko, of Gateway Livestock, joins RealAgriculture’s Lyndsey Smith for… Read More
Statistics Canada today released its estimates of principal field crop stocks to July 31, 2015, including a bearish supply estimate for the canola market (see table below). Not surprisingly, most major crop totals were down substantially year-over-year, as 2014 levels reflected the stock still in the pipeline from the 2013 bumper crop. Total stocks of wheat decreased 32.0% from… Read More
Grains were recently taken for a ride along with the rest of the world markets, mainly thanks to tanking equity markets in Asia. They’re calling August 24, 2015 Black Monday as markets in China crashed, and when North American markets opened up, they quickly followed. The main argument for the flash decline is lack of confidence… Read More
It’s been a rather down week on several fronts — from the global market meltdown, to frost happening not once but twice in areas of Alberta. To the good, harvest picked up steam in several areas of Western Canada, and Ontario’s soybean crop is developing quickly, giving hope to RealAgriculture’s agronomist Peter Johnson that winter… Read More
The closure of two packing plants in Ontario last year has forced producers to look for hook space at processors outside the province. The uncertainty in demand is hurting confidence in the industry, suggests Guelph-based livestock and meat market analyst Kevin Grier. At the start of 2014, Ontario’s federally-inspected slaughter capacity stood at around 95,000 head… Read More