Surprises were few and far between in the U.S. Department of Agriculture (USDA)’s September World Agricultural Supply and Demand Estimates (WASDE) report on Friday. The major figures were largely in line with pre-report estimates. On the yield side of things, U.S. corn and soybeans came in just slightly above trade estimates. Corn was estimated at… Read More
Category: Markets
As Anne Wasko, of the Gateway Livestock Exchange puts it, here in Canada “cattle slaughter has been outstanding.” Following some really good weeks, total Canadian harvests hit 72,400 this week, as Wasko explains in this week’s Beef Market Update. “Breaking that down into young cattle and cows, the steer and heifer kill is basically 63,000…. Read More
The Western Grain Elevator Association (WGEA) is responding to a request by Saskatchewan farm groups to intervene on producers’ behalf regarding contract fees and penalties incurred during the 2021 marketing year. The Agricultural Producers Association of Saskatchewan (APAS), SaskBarley, SaskCanola, SaskFlax, SaskOats, Saskatchewan Pulse Growers, and SaskWheat released a joint statement this week, calling on… Read More
When we think about how farmers market their crop, there are two significant events that have occurred in 2021 that may drive people to think a little different going forward. One of those is the market run-up last fall, when prices really began to escalate.The second factor is farmers in the western half of North… Read More
Many crops grown in Canada are traded on an active futures market: corn, soybeans, canola, and wheat being the most common. But plenty of other crops don’t trade on futures, instead relying on cash prices, actual deliveries, and contracts for price discovery and risk management. Jon Driedger of LeftField Commodity Research says that when market… Read More
Agriculture and Agri-Food Canada (AAFC) has updated its forecast for this year’s crop, reflecting the impact of drought in Western Canada in its August numbers. AAFC’s July report garnered more attention than normal, with a 19.9 million metric tonne (MT) canola production estimate coming in much higher than any other canola projections. In the outlook… Read More
Drought this year has been a leading news item for several months. A run-up in cattle sales seem to be uncharacteristically large in volume for the time of year, but are there factors other than drought that are driving producers to forward sell? “The drought really forced the issue this year and I think that… Read More
Starting this week’s episode of the Beef Market Update with Anne Wasko of the Gateway Livestock Exchange, is some positivity when it comes to trading fat cattle in both the U.S. and Western Canada. In the southern U.S., the fats are trading around the $122 mark, with the northern states around the $126-$128 mark, says… Read More
There’s never a dull moment in the fertilizer market and it’s hard not to wonder what will be in store for producers for the 2022 crop year. Josh Linville, director of fertilizer at StoneX, recently joined Shaun Haney on RealAg Radio to discuss the fertilizer markets, including what’s happening with tariffs. During Linville’s last conversation… Read More
The most recent estimates of the U.S. corn and soybean crops are in, and the numbers are slightly lower than anticipated. Significant drought in a large area of the U.S. is dragging down the United States Department of Agriculture’s projected average corn yield, now pegged at 174.6 bu/ac down from 179.5 bu/ac a month ago…. Read More