The U.S. Department of Agriculture says domestic corn supplies might be slightly larger than what the trade thought, but there were no major surprises in the January World Agricultural Supply/Demand Estimates (WASDE) published on Wednesday. Corn ending stocks rose by 47 million bushels from the USDA’s December report to 1.54 million bushels, near the top… Read More
Category: Markets
Plans have been unveiled for another soybean crush plant in the Northern Plains. CGB Enterprises and Minnesota Soybean Processors say they have formed a joint venture to build a soybean processing plant near Casselton, North Dakota — 15 miles west of Fargo and approximately 150 miles south of the Canada-U.S. border crossing at Emerson, Man…. Read More
When it comes to talking about markets, we focus on the uncertainties; things we don’t know. However, sometimes we need to focus on what we do know. Peter Rohde, of IHS Markit, says what we do know right now is that we need to stay focused on the U.S. balance sheet, as it continues to… Read More
We don’t have to say it twice: it’s been a frustrating year for many involved in the cattle community. As Anne Wasko of the Gateway Livestock Exchange explains in our latest Beef Market Update, the impacts of the 2021 drought won’t easily be forgotten, and and it’s not something that’s just going to go away…. Read More
It’s a surprise to only a few at this point to hear we’re currently at a 20-year high in the fertilizer markets. The reasoning comes from a combination of things, but as Ryan Furtas, market analyst with Alberta Agriculture and Forestry explains, a hike in crop prices, an increase of feedstock costs, and as we… Read More
The economic state of affairs for Canada right now is an interesting mix of rising prices, decreasing unemployment, and strong demand for export goods. There are both positive and negative factors at play in Canada’s economic recovery from the pandemic. Craig Klemmer, principal economist at Farm Credit Canada says that we’re seeing different levels of… Read More
Not that this anecdote means anything to the markets, but Canadian farmers grew more corn than canola in 2021, thanks to record corn yields in Ontario and severe drought on the Prairies. Canola production for 2021 was pegged at 12.6 million tonnes, with corn coming in at 14.0 million tonnes, in Statistics Canada’s final crop… Read More
In this week’s Beef Market Update, Anne Wasko of the Gateway Livestock Exchange breaks down the beef markets, including what’s going on in the U.S., whether or not their tides have permanently turned for choice cut-outs and choice select prices, and how western Canadian numbers are faring in comparison. The U.S. didn’t take a lot… Read More
Turn on Bloomberg, CNBC, or Fox News and just about every mainstream news outlet is talking about inflation. But how worried should farmers or ranchers be about inflation? In some ways, farmers or ranchers may be set up to benefit from inflation, says Shawn Hass of RBC Dominion Securities, in this interview with Shaun Haney… Read More
The temperatures may be headed downwards and winter is on its way, but beef cattle prices aren’t going to be following that trend. “We’ve had another super week in the U.S. in terms of cash trade,” says Anne Wasko of the Gateway Livestock Exchange, in this week’s Beef Market Update. “Last week the market started… Read More