Farmers across Canada planted more wheat, oats, corn, and mustard this spring, and cut the number of acres growing canola, barley, and dry peas, according to Statistics Canada. The number of summerfallow acres also climbed by more than 35 per cent (to 1.8 million), based on the June Field Crop Survey results, published July 5.... Read More
Category: Markets
As you look at growing conditions across the Prairies, it's extremely variable . Too hot, too dry, too wet, too cool — the conditions range, which makes looking at production numbers a bit tricky. Chuck Penner, of LeftField Commodities Research says although there are a lot of big question marks, overall, production seems to be... Read More
Ceres Global Ag Corp. has suspended plans to build a canola crush plant and refinery along the Canada-U.S. border at Northgate, Saskatchewan. The publicly-traded company says it has decided to halt the project "due to a variety of factors, including but not limited to, inflationary pressures resulting in higher costs than initially projected and shifting... Read More
What goes up must come down, but if you're waiting for deflation to begin any time soon, you may be in for a long wait. Inflation — and the increasing interest rates designed to put a pin in it — is top of mind for every economist right now, and Farm Credit Canada's chief economist... Read More
Grain markets are losing some steam as summer starts to heat up, but it's not the dry corn crop that's driving the sell-off. Joe Vaclavik, founder and president of Standard Grain based in Tennessee, says that yes, weather is front and centre for those with plenty of experience trading agriculture commodities, but there's far more... Read More
Commodity prices this spring has made watching the markets an exciting part of nearly every day, especially for farmers who are anticipating a satisfactory yield and who are biding their time locking in prices. However, with many volatile factors contributing to those prices, experts are saying to weigh options carefully and take assurances where you... Read More
The Canadian government is contributing up to $100 million to minimize the carbon emissions from BHP's new $7.5 billion potash mine at Jansen, Saskatchewan. The federal contribution from the Strategic Innovation Fund was announced by François-Philippe Champagne, Minister of Innovation, Science and Industry, and Marie-Claude Bibeau, Minister of Agriculture and Agri-Food, alongside BHP's CEO Mike... Read More
After a dreary few weeks, we're starting this episode of the Beef Market Update on a positive note. Anne Wasko, of the Gateway Livestock Exchange, says on her ranch in southwest Saskatchewan, they got some rain, and hey, the markets are on the way up. The markets started out this week slow, but quickly picked... Read More
Discussions are underway on whether or not a new beef packing facility would be viable in Saskatchewan. The industry has sustained healthy margins over the past two-and-a-half years and with Saskatchewan being the literal breeding ground for upwards of one million cows, it's no wonder the province is up for consideration. Saskatchewan Stock Growers Association... Read More
From drought conditions, poor market prices, high input costs, and on-going costs for health maintenance, many western Canadian cattle producers are starting to question how much longer they can stay afloat. Some producers who are in drought-ridden areas are looking at selling off a portion of their herd out of necessity as their pastureland can... Read More