Grain and oilseed prices through the middle of August continue to be depressed by anticipation of a bigger harvest. Specifically, on Tuesday, August 12th we got this month’s version of the USDA's WASDE report which came in somewhat bullish corn, despite production still being pegged at over 14 billion bushels. Corn prices were supported by... Read More
Category: Markets
Grains started the month of August with a little oomph as the tension between Russian and the rest of the Western world continues to build. Moscow is building up its military resources on the eastern Ukrainian border, signed a five-year oil deal with Iran, announced a one-year ban on the import of various agricultural products... Read More
There's certainly a lot going on in the world economy, with ongoing discussions around the Comprehensive Economic Trade Agreement (CETA), mandatory Country of Origin Labelling (mCOOL), and Russia's response to recently imposed sanctions. But what does the future look like for global growth, in general? For next year, it looks good. At least according to... Read More
The grain market continues to stagnate as traders, managed money, commercials, and producers alike are trying to determine if a bottom has finally been found. Grains have traded lower this week but wheat has rallied to close much higher than earlier in the week. Ultimately, July was an ugly month for the grains complex: canola... Read More
Favourable weather continues to hover like a dark cloud over the grain markets as they continue to trek lower, just as meat prices are going the opposite direction. While most prices are relatively unchanged week-over-week, soybean prices did find a bit of a bounce on very strong U.S. export sales (as they say, the cure... Read More
It's freight. It's margin. It's a tally of any number of other costs and variables but when it's all said and done, basis is really nothing more than an incentive to either sell your grain or a reason to sit on it a while longer. While farmers would love to pick apart and object to... Read More
Listen to this week's market wrap-up on Soundcloud: Grains are mostly lower this week as the market chews through a bearish report from the USDA on Friday, July 11th. The only place you would’ve seen bulls roaming around was at the Calgary Stampede, I'm afraid. Managed money continues to be net sold of all grains,... Read More
We're at a critical point in the growing season — some of Canada's pulse crops, specifically lentils, are struggling through excess moisture which could send prices higher. At the same time, those crops destined for markets accessed through the south or east shipping corridors are faced with slow movement, even if export demand is steady.... Read More
We’re getting to that point in the growing season where most producers have a general idea of what their crops are looking like. Of course, your expectations are completely dependent on where you farm and there is a fairly wide divergence of conditions out there right now. Eastern Saskatchewan & Western Manitoba continue to be... Read More
This morning, Agriculture Minister Gerry Ritz and Minister of State for Western Economic Diversification Michelle Rempel announced $3,844,800 in funding to support the establishment of the Canadian Beef Centre of Excellence in Calgary, Alberta. “Our Government is committed to finding ways to promote Canadian beef locally and internationally while generating jobs and economic growth," said... Read More