While some were thinking of turkey and pumpkin pie ahead of the Canadian Thanksgiving long weekend, the grain market got a hold of the USDA's October WASDE report. The report pushed some volatility in trading and wheat and canola closed in the red for the week, despite their hot start and trend to the upside... Read More
Category: Markets
Farmers of North America is urgently seeking farmers willing to invest in acquiring a majority stake in CWB (formerly the Canadian Wheat Board.) The “farmer business alliance” has hosted dozens of farmer meetings across Western Canada over the last few weeks — right in the middle of harvest for most potential investors. While the plans... Read More
Grain prices started the month of October the same way they've been trending for the last five months: lower. Last week saw two important reports from the USDA and Statistics Canada, recording grain inventories and '14 production estimates respectively. With some of the earliest-planted fields of corn and soybeans coming off in the American Midwest,... Read More
While corn, soybean and wheat markets are under pressure from heavy supplies, the outlook for the canola market is relatively tight. Canadian canola production for 2014 was pegged at 14.1 million metric tonnes in the Statistics Canada crop production report published Friday morning — a slight increase from the agency's August estimates, but below the... Read More
It's estimated 70 to 80 percent of the barley grown in Western Canada was affected by heavy rains and snow in early-to-mid September. Factor in the 31 percent decrease in overall barley production estimated by Statistics Canada in its report out Friday morning, and the math is simple; barley that qualifies for malt will be... Read More
After trading at a significant discount to soybeans last year, contrasting production scenarios have resulted in canola gaining value relative to soybeans over the last few months. "Historically canola futures have traded $80, sometimes even $100 higher than soybeans. Last year was exactly the opposite," explains Chuck Penner of LeftField Commodity Research. "What we're starting... Read More
The results are in. Wet weather early in the growing season and again during harvest took a toll on the quality of this year’s crop in Western Canada. Mildew is the most common downgrading factor in spring wheat this year, reports Daryl Beswitherick, Manager of Quality Assurance and Reinspection with the Canadian Grain Commission. “Last... Read More
The organization representing major grain elevator companies in Western Canada says it believes both Canadian National Railway (CN) and Canadian Pacific Railway (CP) have failed to meet weekly grain shipping requirements for extended periods of time since the weekly minimum thresholds were implemented back in March. The federal agriculture minister confirmed last week that the... Read More
Grain prices are in that seasonal rut thanks to #harvest14 selling pressure and favourable planting conditions as South America starts its seeding season. On the speculation side, hedge funds are starting to increase their optimism that grain and oilseed prices will begin to rise. That being said, in the last four decades, an ounce of... Read More
Staff at Cargill crop input retail sites in Manitoba are letting customers know that the company will no longer sell anhydrous ammonia (NH3) fertilizer after next spring. Due to its hazardous nature and the strict regulations surrounding the handling of NH3, it's become harder to find reliable transportation, says the company. "Our decision was based... Read More