Rounding out the middle of November, the markets seemed to pause a bit and then dropped lower as some farmer selling increased and likely the last of U.S. corn and soybeans fields were being harvested for 2014, as most places now have too much snow on the ground. While U.S. soybean crush volumes from October... Read More
Category: Markets
The outlook for grain and oilseed prices might not be as bad — and the cattle market’s trajectory not as good — as the general consensus, according to our guest on TWORA for November 19th, 2014 (click above to listen.) From the Ag Excellence Conference in Winnipeg, Kelvin Heppner chats with FCC chief economist JP... Read More
Following the end of the Canadian Wheat Board's single desk, there was strong interest in growing wheat varieties from classes other than the traditional Canada Western Red Spring wheat that Canada is known for. There was plenty of talk about producing more high-yielding CPS (Canada Prairie Spring) wheat, but two years later, that buzz seems... Read More
This just in — it's winter. Snow is starting to fall across most areas around and above the 49th parallel, which will limit the ability to take off the remaining U.S. corn and soybean fields (some might have to wait until spring!). The cold could also have a negative effect on the winter wheat which... Read More
From a milling perspective, there's good news about the quality profile of the 2014 wheat crop in Western Canada. Mildew is to blame for much of this year's Canada Western Red Spring wheat falling outside of the top two grades, but wheat grading as #3 CWRS due to mildew is still exhibiting quality characteristics that... Read More
Shipping your own railcar can have numerous benefits, not the least of which is selling grain at a higher price than local elevators are willing to offer. At the same time there's also a fair amount of risk in counting on producer cars to market grain — just ask one of the farmers who are... Read More
Corn and wheat futures moved higher, while soybean values dropped following the release of the U.S. Department of Agriculture’s November crop production and supply/demand estimates on Monday morning. The numbers were not as bearish as many traders and analysts were expecting, says Mike Krueger, president of The Money Farm, in the interview above. “People thought... Read More
The grain and oilseed market started the month of November the opposite of how it ended October, as the market dropped lower on the U.S. harvest catching up to its historical average pace and a stronger U.S. dollar (which can help Canadian exports, hence basis in Western Canada narrowing recently). Lack of consistent rail service... Read More
Planting delays in Brazil due to dry conditions have provided some support to global oilseed markets over the last month or so, but it’s too early to be concerned about dryness. That’s according to Pedro Dejneka, managing partner with AGR Brasil — a unit of AgResource Company, who shared the South American market outlook at... Read More
If you're considering growing barley for the malt market in 2015, the Canadian Malting Barley Technical Centre has just released its list of recommended varieties for the 2015-16 crop year. The list (find it here) is compiled by the CMBTC's members with input from grain companies, maltsters and brewers. CDC Copeland and AC Metcalfe are... Read More