Wheat. A mainstay of crop rotations globally and a huge part of the Canadian export market, wheat has not had a great run the last few weeks. To unpack all that's going on with this market, we go to Brian Voth, founder of Intellifarm Inc., based at Manitoba. First, Voth says we need to check... Read More
Category: Markets
Statistics Canada is reviewing the timing of its traditional April seeding intentions report, after making a major change to the way it compiled data for the report this year. The seeding intentions report for 2023, released last week, was based on a farmer survey conducted from December 12, 2022, to January 14, 2023. Historically, the... Read More
If ever there was to be an all-good-news edition of the Beef Market Update, it may just be this week. Anne Wasko of the Gateway Livestock Exchange runs through the numbers south of the border, in the finished and feeder markets, and all the way down to grass cattle and the news is good to... Read More
While the energy markets should be focused on supply and demand fundamentals, nagging economic factors and volatility in geopolitics are getting all the attention right now. That's according to Phil Flynn, author of the Energy Report, who says banking stress in the U.S. and overseas, inflationary costs, and continued unrest in Ukraine and Sudan is... Read More
Statistics Canada (StatsCan) says wheat acres across Canada will be the highest they've been in more than twenty years, while area planted to canola, corn, barley, and soybeans will also climb in 2023. However there's an asterisk beside those numbers, as the agency also announced a major change to the methodology behind its seeding intentions... Read More
The Canadian Grain Commission (CGC) has modified some of its procedures for inspecting grain as it's loaded onto ships on the West Coast, as 65 per cent of the CGC's employees, including grain inspectors, are participating in the Public Service Alliance of Canada (PSAC) strike. "Inspection staff that are not in a strike position are... Read More
Canadian farmers feel relatively stable and positive about their farms' current financial outlook, even in the face of declining commodity markets, according to the March Canadian Farmer Sentiment Index. Last month, the RealAgristudies Insights Panel was surveyed a fourth time since September 2022 on their opinions and overall sentiment on a number of critical agricultural... Read More
Even though many are looking at the futures market for '23 new crop prices, and there's a little more positivity across drought areas in terms of upcoming precipitation, "what's going in the mouths of cattle today is still old crop." So, as a result, we're going to have to wait until the back half of... Read More
Update, as of April 17: The Public Service Alliance of Canada announced a strike deadline on Monday morning. The union says more than 155,000 PSAC members, which includes staff with Agriculture and Agri-Food Canada and the Canadian Grain Commission, will begin strike action on Wednesday, April 19 if a deal cannot be reached by 9... Read More
The spring wheat market is no exception when it comes to how up in the air the commodity markets have been. Especially when you look at all the intended acres that are planned for the U.S. Chip Flory, of Agritalk, says a main reason for keeping eyes on the spring wheat market, is the terrible... Read More