While world grain supplies are growing rapidly after producing enormous global corn, soybean and wheat crops this year, Canada stands out with domestic stocks dropping after the bumper crop of 2013 to levels that are closer to average. “We’re seeing our stock levels forecast to drop now to fairly typical levels by the end of... Read More
Category: Markets
A repeat of last winter’s logistical nightmare for grain in Western Canada is unlikely. That’s because a combination of factors, including the federal shipping mandates for CN and CP Rail, summer weather and a smaller 2014 crop, have reduced the size of the rail backlog, noted the head of the company that monitors grain movement... Read More
Changes in U.S. monetary policy could be worth paying attention to in the next year. After nearly six years, the Federal Reserve announced this week that it is ending “quantitative easing,” the bond buy-back program implemented to help the U.S. economy through the recession. The end of QE is seen by many as a step... Read More
As we say goodbye to October, colder weather is setting in just as the markets could be warming up. More than a few analysts are pointing to soy meal as a driver of the sustained rally we’ve seen in the grain markets recently, but the move is now beyond “rational levels”. With an increase in... Read More
Are you ready for corn prices down around $2.70/bushel, or soybeans under $7 next fall? Those numbers were included in some of the projections shared in Winnipeg this week, as market analysts and traders from around the world gathered for the second annual Cereals North America market outlook conference. The conference was organized and co-hosted... Read More
The bulls have continued to lead grain markets higher over the past week, translating into a selling opportunity for 2015 and even 2016, according to bearish analysts. From the Cereals North America market outlook conference in Winnipeg, here’s our weekly farm news recap for October 30th, 2014. Kelvin recaps what’s happened in the markets, the... Read More
Hello! If you visit this site regularly you'll be very familiar with me, because my work is everywhere. If for some reason you haven't heard of me, my name is Rhett Soveran and I joined the RealAg team at the beginning of the year as the Product Manager. I handle all the technical stuff that... Read More
Farmers of North America says its bid to acquire the former Canadian Wheat Board and its grain handling assets has been rejected by CWB's management. FNA was looking to raise up to $380 million from Western Canadian farmers to purchase a majority stake in CWB and use its assets to launch a farmer-owned grain and... Read More
Quality problems with this year’s durum crop in Italy and France, combined with the worst quality crop on record and lower yields in Canada, have resulted in skyrocketing prices for durum. Buyers are scrambling to find higher quality supplies for pasta production, says Neil Townsend, director of market research with CWB, in the interview below.... Read More
Grains started to trek higher this week as we head towards the end of the month, mostly due to international market prices picking up pace. However, by Friday, October 24th, it appeared that the rally was short-lived as the market dropped well below its monthly highs. Specifically, canola almost made it up to $420 per... Read More