The USDA came and went this week with another WASDE report that was basically a “nothing-to-see-here” release, as the big story to watch is the Grain Stocks and Prospective Plantings report due at the end of March. However, you could look at in the sense that this report gives us a relatively flexible floor as... Read More
Category: Markets
The lower Canadian dollar continues to provide support to canola values in the face of large global oilseed supplies. “If you didn’t have this weakness in the value of the Canadian dollar, the price of canola would probably be $30 cheaper," says Wayne Palmer, senior market coach with Agri-Trend Marketing and former floor trader in... Read More
It’s nearly the middle of March, but it feels more like May in many parts of Western Canada. Spring-like days with temps in the double digits for much of the southern areas of Alberta and Saskatchewan seem to have buoyed cattle markets, as it’s likely grass will be abundant and soon. That’s the latest Beef... Read More
Although prices have retreated from the sky-high levels that followed the quality problems around the world last year, durum acres are expected to rise by up to 20 percent in Western Canada in 2015. “With the prices that we’ve seen this year, we should see an increase for acres,” said Alan Hagemeier, a Minneapolis-based merchandiser... Read More
While most analysts agree that from a technical standpoint, corn and wheat appear to have more upside potential than soybeans, wheat was the grain this week that tumbled like a baby giraffe out of the womb, dropping its most since September. Overall, growing conditions are generally favourable in the northern hemisphere as, now that we’re... Read More
Strong new crop prices for flax are expected to drive acres higher again in 2015. “The economics of flax currently make a lot of sense. There are a number of new crop bids in the $12.50 (per bushel) range. Compared to other crops that’s quite profitable, and compared to history that’s quite profitable, so I... Read More
The wheat market is due for some additional volatility in the weeks leading up to seeding season in North America, says the general manager of FarmLink Marketing Solutions. Sharing the wheat market outlook at Grainworld '15 in Winnipeg last week, Lawrence Yakielashek (formerly with Toepfer Canada) said he believes the bearish sentiment in the wheat... Read More
Grain prices ended the month of February a little mixed as corn, soybean, and canola prices all got support in the last half of the month through harvest and logistical concerns out of South American. Lower oil prices have helped keep gains in check for those crops related to the biofuels industry, although strong domestic... Read More
Acres that were penciled in for wheat back in December might get switched to canola in spring, depending on how much weight farmers put into the price relationship between wheat and canola, says the vice-president for oilseeds with Louis Dreyfus Commodities. Brian Conn says back in November and December, they were expecting a decline in... Read More
Delegates of the Alberta Beef Industry Conference heard from the Canadian Food Inspection Agency (CFIA) and Alberta Agriculture and Rural Development (AARD) on the latest case of bovine spongiform encephalopathy (BSE) on February 20, 2015. The representatives gave an update on the case, and provided insight into the measures Canada is taking to reduce disease... Read More