Every market functions under supply and demand. To varying degrees, as demand increases, so do prices — if supply stays the same. If supply stays the same or grows but demand drops off, prices fall. It’s a simplified explanation and in the real world several factors play into the total demand, total supply, and the… Read More
Category: Markets
The market doesn’t care about your feelings. It’s a hard truth but a good one to remember when hesitating on pricing some crop or booking inputs. Why? Well, as Brian Voth of IntelliFarm explains, farmers can be comfortable paying higher prices for fertilizer to ensure they have it on-farm, but hesitate to lock in a… Read More
It’s not quite hitting the Canadian grain shipping corridors yet, but global issues with two canals and one border could have large impacts on world grain and product supplies. Let’s start in the Suez Canal. While not the highest ranking for grain movement, any disruption to a major shipping route has trickle-down effects on others…. Read More
Cattle are still bought, sold, and processed over the holiday season, but it’s typically a quieter time for bids and prices. Still, there’s plenty to talk about as we head towards the twilight zone of the week between Christmas and New Year’s Day. In this earlier-than-usual edition of the Beef Market Update, Shaun Haney and… Read More
The union representing employees who work at Viterra’s elevators in Saskatchewan and at the grain company’s head office in Regina is planning to make a decision in early January on whether to move ahead with strike action. Members of the Grain and General Services Union (GSU) Local 1 (Viterra Country Operations and Maintenance) and Local… Read More
When it comes to the past past, markets and market outlooks have leaned heavily to the bearish side. Steve Nicholson, global sector strategist for grain and oilseeds with Rabobank, is one analyst who is going against the trend, at leasts for wheat and oilseeds, including canola. Setting aside corn and beans and looking at wheat,… Read More
The Indian government has temporarily cancelled its longstanding and prohibitive tariff on yellow pea imports. A government order published Thursday completely removes the 50 per cent duty on peas effective Dec. 8, 2023 through March 31, 2024. Prior to the tariff taking effect in November 2017, India was Canada’s largest market for peas, accounting for… Read More
Fat cattle markets in the U.S. headed down this week, at $3-$4 lower in the south, reflecting a larger downward trend since price peaks hit in September, says Anne Wasko in this week’s edition of the Beef Market Update. Western Canadian action was pretty quiet this week, with not a pile of volume in terms… Read More
There is an early weather market making some noise for soybeans and corn in Brazil and funds making waves in the canola and wheat markets; however, there are some developments around the Black Sea region that may not be getting as much coverage that could also have big impact on crop prices next year. Neil… Read More
As expected, cattle markets were a little quieter this week in light of U.S. Thanksgiving on Thursday. Still, there was plenty of trade, cattle-on-feed data, and export numbers released so that Shaun Haney and Anne Wasko of the Gateway Livestock Exchange have no shortage of news to discuss this week in the Beef Market Update…. Read More