Today’s Statistics Canada numbers of 2013 production confirmed what everyone already new — Canadian farmers have a heck of a harvest in the bin (or headed there shortly). So while the production figures are perhaps old news and bearish, there is one very cool tidbit of information in the list: canola production, for the first… Read More
Category: Markets
Brennan Turner recently asked farmers if they’d prefer extra bushels but lower prices, or sky high prices but a poor crop. Not surprisingly, farmers would prefer inventory, likely in part because Canadian farmers are quite comfortable with storing grain. Of course, the yields and volumes coming off fields this fall has left many farmers without… Read More
It is amazing how fast things can change. With the corn markets fearing a very large US corn harvest some producers are starting to squirm about their profit margins a year from now. As I talk to corn growers many say, “the market will find a bottom and we will be fine” and some say,… Read More
If you’re a farmer who didn’t do much forward selling in the last two years, you’ve likely been very happy with the outcome. If you haven’t priced crop for 2013-14 yet, however, it may not end up not having been such a wise plan. Many farmers are harvesting a big crop right now, and, at… Read More
Prices are firm, feed costs are looking softer and there’s plenty of green grass still late in the year. Let’s call it a good place to be before the moving and shaking of the fall calf run. As Anne Wasko, of Gateway Livestock, says in this edition of the Beef Market Update, fat cattle prices… Read More
Owen Roberts is currently in Argentina, attending the IFAJ 2013 Congress. The photo above is courtesy Chuck Zimmerman. View the Flickr account here. Any export-intensive country for agriculture needs to be constantly tuned into global developments that influence what happens inside our own borders. Today, the search for those developments takes us to the backroads… Read More
Several analysts and farmers were caught off guard by the significant move to the upside made in soybean, corn and associated markets earlier this week. Corn markets moved higher, yes, but the big boom came in the form of some significant weather risk weighing on the U.S. soybean crop. As you’ll hear in the SoundCloud… Read More
Grain Farmers of Ontario, in collaboration with the Ontario Agri Business Association and soybean processors, has announced changes being made to the way soybean drying charges will be calculated under the Agreement for Marketing the Ontario Soybean Crop made under the Farm Products Marketing Act (O. Reg 485/09). According to the new terms, effective September 1,… Read More