Category: Markets
The world almost ended twice in 2012. Farmers had to beware of the Mayan calendar but also earlier in the year the CWB officially lost it’s monopoly on the sale of wheat in Canada. Some people predicted armageddon, while others believed that the benefits were huge. Chuck Penner, LeftField Commodity Research talked to me on… Read More
Western Canada is the leader in pulse production but there is some discussion regarding the potential of the Black Sea region to put a dent in Canadian exports. This week I was on the Saskatchewan Pulse Growers Regional meeting tour and I heard a very interesting presentation from Marlene Boersch, Mercantile Consulting Venture on the… Read More
Today is potentially a very big day for Western Canadian farmers and the petroleum industry. Ceres Global Ag Corp will be investing heavily in new rail infrastructure to connect Canadian farmers directly to the Texas Gulf and Mexico. A Canadian grain expert (who requested to be kept confidential) quickly told RealAgriculture.com that, “this would of never… Read More
Statistics Canada released its estimates for 2012 year-end crop stocks today. As of December 31, total stocks of most principal field crops were down compared with the same date in 2011. Corn is the big exception — record yields in 2012 have boosted on-farm stocks. Canola stocks are estimated at 7.4 million tonnes, a 23.6% drop from December 31, 2011. It… Read More
CME Group (www.cmegroup.com) today announced it will transition open outcry trading of Kansas City Board of Trade (KCBT) hard red winter (HRW) wheat futures and options to its Chicago trading floor beginning Monday, July 1, 2013, pending CFTC review. The company’s release says this transition will accelerate efficiencies and trading opportunities for customers trading both… Read More