We’re getting to that point in the growing season where most producers have a general idea of what their crops are looking like. Of course, your expectations are completely dependent on where you farm and there is a fairly wide divergence of conditions out there right now. Eastern Saskatchewan & Western Manitoba continue to be... Read More
Category: Markets
This morning, Agriculture Minister Gerry Ritz and Minister of State for Western Economic Diversification Michelle Rempel announced $3,844,800 in funding to support the establishment of the Canadian Beef Centre of Excellence in Calgary, Alberta. “Our Government is committed to finding ways to promote Canadian beef locally and internationally while generating jobs and economic growth," said... Read More
A conundrum. A quagmire. An imbroglio. Quite simply put, we’re in a bit of a predicament between some very wet conditions creating production concerns in Western Canada and the northern U.S. states, but also because the market it chewing through a neutral-to-bearish report from Statistics Canada on Friday, June 27th and a surprising USDA report... Read More
It's a refrain you can't really ever tire of if you're a cattle producer — cattle prices are up across the board, with no immediate end in sight. That's not to say there isn't downside risk in this bull market (pardon the pun), but supply, demand, export markets and more are all colliding to support... Read More
Grain markets continue to be depressed by favourable crop conditions, especially in the U.S. where the corn crop was most recently rated as 76 per cent in good-to-excellent condition while the U.S. soybean crop was rated as 73 per cent G/E. This is the fifth-best and best ratings for mid-June on record. University of Illinois... Read More
The Canadian hog market is definitely an example of an up and down cycle of financial losses, frustration, PED and financial wins. Some would say its comparable to a roller coaster full of pain and exuberance. I spoke with Kevin Grier, George Morris Center to discuss what is happening in the Canadian hog market and... Read More
Grains this week have been in a bit of a slump as #plant14 is finally wrapping up and crop conditions are generally good. The start of the week focused around the portion of the U.S. corn and soybean crop rated good-to-excellent at 75% and 74% respectively. Wheat continues to trade lower with bigger expectations out... Read More
Grains this week were dealt a fairly bearish USDA crop progress report which indicated that the U.S. crop is coming up strong and, generally, in excellent condition. The report indicated that 76% of the U.S. corn crop is in good-to-excellent condition, a start that’s only been topped by the 2012 crop start which put 78%... Read More
Many grain market participants are blaming the end of the calendar month as the reason for some sharp losses this week, as funds try to shore up their books and withdraw cash to pay off clients requesting their investment back. It's interesting to note that managed money went net short in Chicago last week and... Read More
Good planting conditions and favourable weather in the U.S. has led to corn prices dipping slightly over the last week. Corn joins wheat prices on the downtrend all thanks to a bearish global picture. Old crop soybean prices have popped recently, hitting 11-month highs as crush margins and meat prices in China are improving while... Read More