You might be forgiven for thinking that every fall is the same when it comes to cattle leaving the summer range and heading off to the auction ring. Every fall is different and every fall farmers study the markets to see how they can best react to what they see coming up. Anne Wasko, market… Read More
Category: Markets
The U.S. government will announce details of its planned US$12 billion trade aid package for the agriculture sector on Monday, according to Agriculture Secretary Sonny Perdue. The package, which was first announced in July, will include direct payments to producers to offset the impact of tariffs on U.S. exports. Sources told Agri-Pulse that the preliminary proposal… Read More
Spring wheat yield and protein reports are starting to come in as combines are rolling across the prairies. All spring and summer the reports from the field have been about variability. This continues into harvest, says Dwight Nichol of DLN AgVentures at Gravelbourg, Sask: “It’s variable. It’s the same here as it is across the… Read More
Grain markets crossed the mid-point of August on the good news that the United States government has set meetings with China to discuss concessions and ways to mitigate the ongoing trade problems that have hammered grain prices. We have to be rational with our expectations, but there is some optimism that geopolitical banter will be for the better…. Read More
Excessive heat has taken its toll on pastures, hay supplies, and water consumption for cattle, and while this may not be a big market issue today, Anne Wasko, of Gateway Livestock, says that these factors will mean an earlier, stronger fall run. That’s just one of the topics discussed in this week’s Beef Market Update…. Read More
Soybean futures took a 42-cent tumble on Friday after the USDA surprised the market with a 51.6 bushel/acre yield estimate for the U.S. crop — approximately two bushels higher than the average trade guess. The projected yield increase translated into a record 785 million bushel carryout projection (up from the department’s 580 million bushel estimate in… Read More
This week, winter wheat prices touched a three-year high, but it didn’t last. Chicago SRW wheat prices for September 2018 gained 5 per cent or about 26 cents US/bushel to close at $5.56. While the December 2018 contract was up 5.4 percent — or nearly 30 cents — to finish a tad under $5.80. In… Read More
Thursday was a wild day in the wheat trade based on a confusing report out which seemed to indicate Ukraine was going to restrict exports of milling wheat. Bloomberg ran the story and the market — already in rally mode due to weather concerns in Europe — burst more than 25 cents higher based on… Read More
Crude oil shipments by rail in Canada are at record highs and forecast to continue climbing, as oil production has increased with no major expansion in export pipeline capacity. At the same time, executives for Canada’s two major railways say they intend to maintain rail capacity for grain. 198,788 barrels of oil per day were… Read More
As our beef market expert Anne Wasko puts it, ‘It was the dog days of summer —but for the beef industry’ last week. It was a quiet trade week, and the cattle that did trade looked about $2 lower than the average price this year — however, it’s not a big surprise due to the… Read More