Grains this week were a bit boring as rain landing in most growing areas across North America and even Australia prompted a few estimate increases despite the lingering threat of an El Niño. Friday did bring some action as a lower U.S. dollar and some strong U.S. export sales helped pull the complex higher for... Read More
Category: Markets
First its monopoly was removed, and now the name will be history too. The Canadian Wheat Board (or CWB) formally became a private grain company known as “G3 Canada” today. G3 Global Grain Group — the joint venture between Bunge and the Saudi Agriculture and Livestock Investment Company — completed the $250 million acquisition of... Read More
Grain trade this week was quite choppy as the usual suspects of weather, currency swings, and #harvest15 firing up being exacerbated by the closing of the month of July (meaning funds and other speculators may have looked to clean up their books a bit). Monday might’ve been the worst as front-month contracts for soybeans and... Read More
It’s tough to talk about the cattle markets and not focus solely on the demand side which, if we’re being honest, has been nothing short of impressive. But price is a function of two components — supply being the balance to demand. While Canada’s beef herd continues to contract, ranchers in the United States have... Read More
Grain and oilseed futures have dropped sharply over the last week, falling well off the summer highs set earlier in July. Weather premiums are shrinking as growing conditions have improved, or at least stabilized, across much of Canada and the U.S. corn belt over the last three weeks, explains Dave Reimann, senior market analyst with... Read More
The grain markets continued to push lower this week as favourable weather and temperatures and a strong U.S. dollar did not help any bullish players. Wheat has had nine straight sessions of going lower, dropping over 7.5 per cent in last week, while corn had its worst week in the past year, down almost seven... Read More
Grain markets this week were about 2-3% lower on the front-month contracts as weather/growing conditions have improved, slowing down the running of the grain bulls (especially since there aren’t any demand headlines for them to chase after). And it's no wonder the bulls need a breather. Between abundant rains in the Midwest, dry weather in... Read More
Whether it's growing demand for protein or pressure to reduce carbon footprints in the food chain, pulses appear well-positioned to benefit from global food trends. As the largest pea and lentil exporter in the world, Western Canada stands to become the "protein basket of the world," says Murad Al Katib, president and CEO of Regina-based... Read More
The Canadian Pork Council is exploring the feasibility of a hedging program to help hog producers manage price volatility and cash flow needs. Bev Shipley, MP for Lambton-Kent-Middlesex and chair of the Standing Committee on Agriculture and Agri-Food, announced federal funding of up to $169,530 for the project through the federal AgriRisk Initiatives program on... Read More
Grain prices were all higher this week and ended with a WASDE report on Friday that the market read as bullish, even though the numbers didn’t fully imply that. Does the market just not believe the numbers, or perhaps it feels more cuts are on the way? Either way, weather is creating fairly volatile trading... Read More