Ag Canada has updated its supply and demand tables for major field crops and there were adjustments that are gaining attention. One of the major adjustments was the canola feed, waste and dockage for canola reported to be (-727,000mt). So what does this negative number actually mean for the canola market? According to John Deputter,... Read More
Category: Markets
As Canadian ranchers and feeders head into the the thick of the fall run there are many variables that come into play. Fluctuations in export demand, the Canadian dollar, futures prices, weather, trade, and feed costs are all hanging over how great of a fall it will be for producers. At the Canadian Beef Industry... Read More
The Canadian economy has been healthy as of late, which has many farmers with higher debt levels somewhat concerned about interest rate increases in the near future. Farmers have enjoyed a low interest rate environment for quite some time, but the reality is - the Bank of Canada has some some decisions to make. Additionally... Read More
Grain prices all headed lower this week as beneficial rains and slower bullish headlines pushed more profit-taking action in the markets. Canola traded sideways for the week but did drop down to $492 CAD / MT before closing at nearly $507 on the November contract. Soybeans acted similarly, only losing 0.1% whereas its acreage competitor,... Read More
Grain markets sold off this past week as the USDA came out with a surprisingly bearish report of world agricultural supply and demand estimates. Instead of the roughly 166 bushel per acre US corn yield that market was expecting, the USDA came out with 169.5. That’s just a 1.2 bushel drop from the previous estimate... Read More
The condition of the United States corn and soybean crop drives much of the sentiment on agricultural commodities. The weather stress of 2017 has created much discussion among farmers and analysts that the U.S. crop will be lower than trend line yield. Apparently the USDA does not agree with farmers or market analysts. The USDA... Read More
When crops reach record high acreages on both sides of the border the market should respond negatively to higher supply levels. Increased supply has to be supported with increased demand and that has been definitely the story in soybeans. Even though the November soybean futures contract (can be seen below) is off earlier highs farmers... Read More
Grain markets this week saw a significant sell-off as better growing conditions are helping improve crop prospects. Soybeans had a terrible week, down 5.35%. Chicago wheat wasn’t that far behind, down 5.3%. Oats fell 2.5%. Corn and canola were both down 1.9%. This despite the Canadian Dollar also falling 1.8% from its high last week.... Read More
Farmers across Western Canada celebrated on Tuesday as it was the fifth anniversary of farmers gaining marketing freedom for wheat and barley, formerly known as 'board grains'. On August 1, 2012 farmers were given control of marketing their own farm production. Wheat and barley no longer had to be sold through the Canadian Wheat Board's... Read More
Starting August 1, 2017, Japan has triggered a safeguard to increase the tariff on its frozen beef imports from countries that it does not have a free trade agreement with. Increasing the tariff on frozen beef imports from 38.5% to 50% will impact Canada and the United States and not Australia, Chile and Mexico who... Read More