Fertilizer pricing and supply continues to occupy the mental space of farmers across North America. There are still as many questions about the future of fertilizer prices as there have been since they skyrocketed following the summer of 2021. Supply chain issues and the war in Ukraine have created volatility, and many are watching the... Read More
Category: Markets
Ag machinery sales are showing a decline compared to last year, looking at the first seven months of 2022, however, this isn't necessarily indicative of a bad year, says the Association of Equipment Manufacturers (AEM). The AEM flash report for the month of July shows a decrease of 7 per cent for tractor sales in... Read More
Jon Driedger of LeftField Commodity Research recently took a tour across Western Canada with LeftField Commodity Research and Argus Media to analyze the yield potential of the Prairie crop. Like any year, there are extremely variable pockets, but Driedger says for the most part, yields are looking average. The summary for cereals — with the... Read More
Many eyes are focusing on the latest CanFax report, and Anne Wasko, of the Gateway Livestock Exchange is one of those pairs of eyes. Particularly the August cattle-on-feed numbers — which were down by three per cent. What is so exciting about that? As Wasko explains, it's the first time we've seen on feed numbers... Read More
The U.S. Department of Agriculture (USDA) published its August World Agricultural Supply and Demand Estimates (WASDE) report on Friday. Looking globally, the USDA's projected lower world ending stocks for wheat and corn, while soybeans saw an increase of 1.8 mmt. Of note, soybean production for China was increased on higher area cited in recent provincial... Read More
The CEO of Sollio Agriculture says there will be certain fertilizer products unavailable for the 2023 growing season, but that nitrogen fertilizer supply for purchases this fall and winter should meet the need of eastern Canadian farmers. Casper Kaastra, head of the co-operative, says there are three key times of year for sourcing nitrogen. Last... Read More
CN Rail is preparing for more eastbound shipments of grain and other commodities from Western Canada. As part of its federally-mandated plan for moving grain in 2022-23, the railway says it's not only anticipating a much larger crop in Western Canada after last year's drought, but it's also expecting a re-balancing of trade corridors to... Read More
August is starting out with an optimistic undertone in the cattle markets with fed cattle prices faring better than analysts may have predicted. In the southern U.S., prices are rounding out around $1 higher at $136 towards weeks end, whereas the north is holding a premium at $142 to $146 and their dressed market is... Read More
With numerous global variables still affecting commodity market prices, putting on blinders and bringing the focus down to individual operations may be the wisest way to navigate the uncertainty. Grain markets are still under the influence of several major unknowns including the Russia-Ukraine war, how much grain China will actually export, and Taiwan strait tensions,... Read More
Could volatile be the new normal when it comes to commodity markets? With volatility being the only constant over the past while, it is certainly something that farmers and marketers are getting used to as they continue to try and navigate their way through fluctuating prices and variables that seem to be ever increasing. With... Read More