Grains started the month of December with wheat in the driver’s seat thanks to concerns out of Russia and Australia. In the Land Down Undaa, ABARES, the Aussie version of the USDA, cut its official wheat production estimate by one million tonnes (or about four per cent from its previous estimate) to 23.22 million tonnes,... Read More
Category: Markets
Traders and analysts were taken aback by some of the key numbers in the crop production report from Statistics Canada released on Thursday morning. While the market was expecting a higher canola production estimate, it was not anticipating the major increase from the StatsCan estimate of 14.1 million metric tonnes in October to 15.6 million... Read More
The discovery of avian flu in BC, StatsCan's latest crop production estimates, Canada's Outstanding Young Farmers and more — get caught up on this week's farm news by listening to the TWORA podcast with Kelvin Heppner for December 4th, 2014:
Panel thus morning about Grain Strategies exchange rates, freights, GMO’s, all in buying decisions #GaryinGeneva pic.twitter.com/UItItUj3Hb — Gary Stanford (@senatrstanford) November 13, 2014 Many in Western Canada may be surprised to learn that the Triffid flax fiasco of 2009 is still weighing heavily on the minds of some European customers. That’s according to Gary Stanford,... Read More
Wheat futures have been trending higher for several weeks, and just as some analysts were predicting a peak, they spiked by 20 to 30 cents a bushel on Monday. The possibility of Russia tightening phytosanitary requirements for wheat exports was a factor, says Lorne Boundy, a Winnipeg-based trader with Paterson Grain. "Lots of the concern... Read More
Grain prices closed the month of November generally higher as colder weather and transportation issues in the U.S. helped prices maintain an elevated level. While most Americans were putting the turkey in the oven, OPEC, the cartel of major oil-producing nations like Saudi Arabia, declined to ease their production from the current 30 million barrels-per-day.... Read More
Western Canadian farmers know all too well what kind of impact the logistical challenges of the last year had on local grain prices, but how did the rail backlog impact international customers? How concerned are they about the reliability of Canadian grain shipments? To get a feel for what overseas buyers are saying, I spoke... Read More
By Larry Martin and Derek Albrecht After months of steady decline, Chicago grain futures recently rallied to meet or exceed USDA forecasts in its November grain report. USDA forecast carryover of soybeans at the end of the 2014/15 crop year at 12.5 per cent of use, with a price forecast at around $10. This compares... Read More
Is your farm in the realty business? Equity on most Canadian farms is generated in two ways — selling the proceeds from production and by owning property with increasing value. Speaking at the Agricultural Excellence Conference in Winnipeg last week, the head of Canada’s largest farmland investment company argued there are situations where farmers would... Read More
Real Agriculture's Shaun Haney sat down with Brian Perillat, with Canfax, at last week's Canfax Cattle Market Forum to talk cow herd expansion and contraction, feeder profits, shipments south and more. To the good, Perillat says that there are plenty of rosy outlooks out there on the demand side, in the feed market and at... Read More