The Canadian Wheat Board has announced that they have signed a grain handling agreement with Viterra staring August 1, 2012. The agreement will be a compliment to the Cargill agreement that was reached previously. The CWB – Viterra agreement will also provide the CWB with access at the port. Since the CWB does not… Read More
Category: Markets
Today’s Canfax COF report for May 1 exposes the current feedlot inventory situation. As of May 1, total numbers on feed were down 7% from last year, down 10% from 2010 and the smallest May 1 inventory other than 2008. Coincidentally, that was also a year that saw large exports of feeder cattle during the first 4 months… Read More
Like a company reporting earnings to the market, StatsCan released their stocks report. The clear indication from the report is that canola stocks are very low. As we look at the current 2012 seeding season (follow #plant12), this report does not provide increased planting incentive that wasn’t already there. The intended 20 million acres of… Read More
As we head closer into the Western Canadian spring we have always seen a premium in fertilizer prices. Typically, local supply demand fundamentals become the key driver of price and international markets fall more to the side. The historical premium in the market that is created is based on the fact that local fertilizer manufacturers… Read More