Grain and oilseed markets showed little reaction to the latest stocks estimates from Statistics Canada released on Wednesday. The agency’s December 31st, 2014 stocks numbers were generally in line with trade expectations, with all-wheat pegged at 24.8 million tonnes and canola at 11.1 million (see all the numbers here.) Traders were expecting 25 million tonnes... Read More
Category: Markets
Despite the tumble in wheat futures over the last month, there are still reasons for growers to be optimistic about where wheat prices are headed, according to the president of LeftField Commodity Research. Chuck Penner shares his take on what’s happening in the grain markets in this video filmed at FarmTech in Edmonton. “I’m friendliest... Read More
Grain markets ended the month of January well below where they started, despite volatile currencies, weather, and geo-political risk keeping prices off the lows. Managed money continue to drop their net long positions in the agricultural complex recently to its lowest levels since October, mainly thanks to the strength of the U.S. dollar. Investors in... Read More
The Alberta Wheat Commission (AWC) has teamed up with FARMCo, a grain marketing consulting firm, to head up a large-scale project designed to “improve farmers’ ability to make well-informed marketing decisions and maximize the value of their crops.” The Crop Data and Price Reporting project will lead to the development of a web-based tool that... Read More
Grain prices continued to slide on the futures boards through the middle of January as the complex continues to sort through supply and demand tables (the former, supply, being more plentiful at this point in time). Mostly, grain markets are feeling the effects of a strong U.S. dollar, while other currencies are suffering due to... Read More
On Monday, January 12th, the USDA released its January installment of the WASDE repor. Heading into the report, most analysts were bearish, and the report ended up showing some increased corn demand compared to the December report, which is why corn was the only grain that was green/higher by the end of the day. Specifically,... Read More
If the first two weeks of 2015 are any indication for the rest of the year, volatility in cattle markets is the name of the game. From steep drops to quick run-ups yet again, the U.S. cash market and the wholesale side has already shown some real movement. The big questions for cattle producers and... Read More
As part of TWORA for January 15th (yeah — it’s the middle of January already!), Lyndsey denies stealing a megaphone from a plane in Saskatoon and shares some highlights from her time at CropSphere. This week’s podcast also touches on the record shipping year for the St. Lawrence Seaway, fines levied against CN and CP... Read More
Today, in Saskatatoon, Agriculture Minister Gerry Ritz announced that Pulse Canada will receive an investment of over $3.3 million for projects addressing sustainability, pulse demand and trade. "This Government remains committed to the economy, and our hard-working pulse growers play a vital role in creating jobs and keeping our economy strong.," said Ritz. "We are... Read More
Fewer winter wheat acres were planted than what the market thought, but other than that, the first USDA report of the new year, released Monday morning, did not contain any major surprises. “This really was a wave of new numbers for the market to digest, and yet if you look across the whole scope of... Read More