In a relatively short period of time the potential U.S./China trade war has shifted to becoming a "trade truce." In potentially very good news for U.S. farmers, agricultural commodities could be one of the major beneficiaries. President Donald Trump is demanding an additional $25 billion in U.S. ag exports to China, USDA Secretary Sonny Perdue... Read More
Category: Markets
So, how about that late start to the #plant18 campaign? Recent crop reports suggest it doesn’t really exist. In the U.S., planting caught up to the long-term averages in corn and soybeans, but American spring and durum wheat seeding campaigns are certainly running behind schedule, which has helped prices a bit. According to the latest... Read More
Grain markets ended mostly in the red this week as the market dealt with some full-tilt planting progress and a few reports. There were some bullish ideas in Thursday’s May World Agricultural Supply and Demand Estimates (WASDE) report from the USDA, but it didn’t seem like the market believed it! (much like other grain reports,... Read More
The Renewable Fuel Standard (RFS) is currently the subject of heavy debate in the United States, as President Donald Trump tries to satisfy both the farm and energy industries in his base. On one side, you have Ted Cruz (R-TX) working hard on behalf of the refiners to push for changes to the RFS and... Read More
Farmers across North America have been looking for an opportunity to experience higher prices for grain commodities. The USDA's May WASDE report, including the first ending stock estimates for 2018-19, was released on Thursday. On the surface, it looked like higher prices could be possible with the smaller-than-expect global supply estimates, but the market hardly... Read More
Two-and-a-half years after acquiring Red Deer-based farm consulting company Agri-Trend, Trimble is changing the way it works with the independent agronomy and grain marketing advisors that make up the Agri-Trend network. The company is focusing on providing its new digital platform to Agri-Trend's affiliated "coaches," while no longer offering administrative services, such as pricing and... Read More
The last time gasoline prices across Canada were where they are today, averaging around $1.33/litre, was in July 2014, when the price of oil was around US$100 a barrel. Oil prices have been trending higher since last summer, but are still $30 below where they were in July 2014. So why are fuel prices so... Read More
Grain prices this week were mostly in the green as the market continues to weigh geopolitical risk versus weather risk (and thus, planting risk). And though planting is certainly behind in many areas of the major North American growing regions, it’s still early (relatively speaking). U.S seeding is well below behind the usual averages, and... Read More
Is corn growing greener beyond Ontario borders? How does corn profitability and cost of production in the province stack up with other growing regions around the world — from the U.S. to South America, Ukraine, and China? These are some of the questions Ontario Ministry of Agriculture, Food and Rural Affairs business analysis and cost... Read More
As farmers hit the field and the tractors start to roll, diesel prices are on the minds of farmers. The biggest driver of diesel prices is the price of oil, and it has been on a real run upwards in the last 52 weeks. In the last 52 weeks, crude oil is up 39 percent... Read More