Canola acres are poised to climb from just above the 20 million mark last year, but how high will the final tally be? Could we pass the 22 million acre record set in 2012? Dwight Nichol of DLN AgVentures thinks so. "I have a number in my balance sheet right now of 22.5 million acres,"... Read More
Category: Markets
G3 Canada continues to expand its presence on the prairies, announcing plans for two new primary elevators in Saskatchewan on Tuesday. The company that evolved out of the privatized Canadian Wheat Board says it will build a 34,000 tonne facility 5 km north of Melville on Highway 10 and a 42,000 tonne elevator 7 km... Read More
How much bearish news is already worked in to wheat prices? What would it take to turn this persistent bear run in a more positive direction? In this market discussion, Shaun Haney is joined by Angie Setzer (@GoddessofGrain) of Citizens Elevator, to talk recent history in the wheat markets, international factors at play, and what... Read More
A senior executive with Bunge North America says the company is not considering modifying its canola processing facility at Altona, Man. to process soybeans. While soybean acres on the eastern side of the prairies have climbed rapidly in recent years, with acres in Manitoba expected to exceed two million in 2017, processing capacity has remained... Read More
The organization representing India's pulse crop industry expects its government will issue a three month extension allowing continued imports of peas and lentils that have not been fumigated, according to media reports in India. The government for Canada's largest pulse export market has previously said it will not extend a derogation (or exemption) that expires... Read More
Grain markets had a pretty busy week as we head closer to #plant17 with more focus on any little headline to trade off of, since there’s no major changes to production or demand at this time. Canola was the biggest loser of the week, down 4.15% since last Friday, thanks to the combination of lower... Read More
With Brazil locked in a major bribery scandal that has closed most of its export markets for beef and chicken, the cattle market scrambles to understand the full situation. Brazil is the number one exporter of chicken in the world (40%) which means if borders are shut long term, chicken supplies will be extremely tight,... Read More
FarmLead, a Canadian-based and now global online grain marketplace, has announced a six-point-five million dollar (US) Series A raise led by Monsanto Growth Ventures (MGV), the venture capital arm of Monsanto, with additional investments from Avrio Ventures, the MaRS Innovation Accelerator Fund and Serra Ventures. The close supports FarmLead’s expansion into the U.S. market and... Read More
Markets move up and down on news, anticipation and results. The currency market has some somewhat predictable drivers of the value of a given country's currency. This past week, the United States Federal Reserve raised interest rates 0.25% and the impact in the Canadian Dollar value against the US dollar was a head scratcher. Although... Read More
Grain markets cruised through the St. Patrick’s Day week with not a whole lot of luck as a pot of mostly bearish news was found by the time the green beer started to get poured. Oats and corn were the only grains to celebrate the week in the green, up 1.6% and 0.95% respectively, with... Read More