Nutrien Ltd. has announced that in response to the uncertainty of potash supply from Eastern Europe, it plans to increase potash product capability to approximately 15 million tonnes in 2022. This is an increase of nearly one million tonnes compared to previous expectations, with the majority of additional volume expected to be produced in the... Read More
Category: Markets
Canadian Pacific Railway (CP Rail) has triggered the 72-hour notice required for a lockout of over 3,000 conductors, engineers and other railway employees who are members of the Teamsters Canada Rail Conference (TCRC). Unless the union and railway reach a negotiated settlement or agree to binding arbitration in the meantime, the lockout would begin at... Read More
The 2021 average increase in farmland values isn't entirely surprising, says J.P. Gervais, chief economist for Farm Credit Canada (FCC), but the magnitude of the increase certainly is. With a weighted average of 8.3 per cent on the year, the significant weather events of the year — the extreme drought for the Prairies and parts... Read More
In the near term, at least, all bets are off as to just how high fertilizer prices might climb. "We already had situation where last fall, China had stepped out and said 'no more exports of fertilizer, phosphate and nitrogen.' That was bad. Now all of a sudden we are talking about removing Russia. That... Read More
The head-spinning volatility in the grain markets that has coincided with Russia's invasion of Ukraine is expected to continue for a while, as the market continues to grapple with what the war means for a supply-demand scenario that was already tight. "We need to remember the table was set coming into this. We were already... Read More
The United States Department of Agriculture (USDA) is out with its monthly World Agricultural Supply and Demand Estimates (WASDE) report. Pre-report, many were questioning to what extent the war in Ukraine, which has driven markets higher over the last two weeks, would be accounted for. The USDA has made some adjustments — albeit minor —... Read More
When crop prices are favourable, it can seem that any pricing strategy works. That said, the higher prices are, the more inherent risk there is in leaving crop unpriced. There's plenty of volatility in the world right now, with no end in sight, and that makes the risk management strategy all the more important. Which... Read More
As the situation continues to unravel in Ukraine, many in the agricultural industry are following the markets, and trying to get a handle on the impacts. This week's Beef Market Update is no different. Anne Wasko of the Gateway Livestock Exchange says we have often talked about uncertainty and volatility in the last few years... Read More
It's been a wild ride for the commodity markets in light of what's happening with Russia's invasion of Ukraine. Chuck Penner of Leftfield Commodities Research joined RealAg Radio on Wednesday to help interpret a bit of what is happening, in what is a very fluid situation. As Penner explains, it's tough to even talk about... Read More
With strong farm commodity demand and high crop prices, confident farmers attending the National Farm Machinery Show (NFMS) at Louisville, Kentucky in February look to be eager to replace equipment and upgrade technology. In this interview from the floor of the NFMS, Kurt Coffey, Case IH vice president for North America, tells RealAgriculture's Bernard Tobin... Read More