New demand for canola oil is driving a wave of expansion in canola processing capacity, and along with it, there's going to be a large increase in the supply of the main byproduct — canola meal. The amount of canola processed in Western Canada is expected to grow by around 50 per cent in two... Read More
Category: Markets
As much as the 2023 growing season and following marketing year are highly unlikely to be as wild as 2022, there's still plenty of unknowns and volatility ahead. Neil Townsend, analyst with FarmLink Marketing Solutions, says there were definitely head-scratchers in the 2022 season — like when wheat prices shot up, then dropped, then settled... Read More
When it comes to the Canadian cattle industry, 2022 may not be quiet as reviled as 2021 and its extreme drought, but it's unlikely to rank in the top five best years for many. While the year definitely shows well in the cattle prices category, it's the profit and loss statement that really tells the... Read More
The full brunt of the 35 per cent tariff on Russian-sourced nitrogen in 2022 didn't just equal millions of dollars paid by Canadian farmers, it also put a spotlight on the challenges of some global trade flows. Grain Farmers of Ontario (GFO) commissioned StoneX to explore the issue, and author of "Farmers Need Fertilizer," Josh... Read More
Some fertilizer pricing decisions and applications for the 2023 crop have already been made, but there's plenty to be priced between now and April. For a look at current and future fertilizer markets, we go to Josh Linville of StoneX, and start with the apparent lull in prices — is this a temporary reprieve from... Read More
On the heels of the federal government announcing fertilizer tariff funds would be sent to Ukraine to rebuild the power grid there, Grain Farmers of Ontario has released a report outlining the need for unfettered fertilizer access. Entitled "Farmers Need Fertilizer," the report was authored by Josh Linville, vice president fertilizer with StoneX. It outlines... Read More
The Bank of Canada raised its overnight rate by 0.50 per cent earlier this week, but signalled this may be the beginning of the end for rate hikes. What does this, a tight labour market, and high commodity prices have in store for 2023? J.P. Gervais, chief economist with Farm Credit Canada, spoke this week... Read More
It's not often, and never a good thing, when the basis drops lower than the temperature. Anne Wasko, with the Gateway Livestock Exchange, says that the chilly basis in Western Canada, currently at about -30 to the U.S. cash market, is certainly reason for cattle feeders to look forward to a calendar flip. "It is... Read More
Where Brazil and Mexico have the potential to emerge as hot markets in the longer term, China is a market that one geopolitical analyst says should be sold to when the opportunity arises, but should not be the centre of a trade strategy. Jacob Shapiro with Cognitive Investments strongly cautions Canada, and the U.S. too,... Read More
Plans have been unveiled for another major soybean crush plant to be built in North Dakota. Epitome Energy LLC has announced the construction of a US$400 million facility on the north side of Grand Forks, North Dakota — approximately 120 km (75 miles) south of Emerson, Manitoba. It marks the third — and most northerly... Read More