Grain markets were able to find some fresh gains for the first week of November, one which was very much overshadowed by the U.S. election. While Friday saw some selling in the grain markets, it was a still a relative positive week, but it was one that history will likely remember for the controversial words... Read More
Category: Markets
The Canadian Grain Commission (CGC) has suspended the licenses for three related companies that purchase pulse and specialty crops from farmers in Western Canada. The grain industry regulator has temporarily revoked the licences for Canpulse Foods Ltd. and Global Grain Canada Ltd, as well as their parent company, Mississauga, Ont.-based Globeways Canada Inc., as of... Read More
Grain markets finished the last week of October in the red, but the pull-back this past week was not enough to keep the complex from having a positive monthly performance for front-month futures contracts. To finish off the month of October, a lot of trading activity circled around a few key factors: La Nina/dryness issues,... Read More
To say the futures market took a bit of a nosedive this week would not be an exaggeration. It has, however, been doing its best to try to recover some of those losses. Anne Wasko of the Gateway Livestock Exchange says in the latest Beef Market Update that the moves have been very volatile lately.... Read More
The unexpected bump up in commodity prices going into November begs the question: how long can it last? "A simple rule of thumb: high prices cure high prices," say Brennan Turner of FarmLead's Combyne Ag Trading Network. "I think there's definitely a combination of factors that are kind of driving the markets right now; first... Read More
The Bank of Canada has announced it will hold firm at a 0.25 per cent interest rate for now; and, given the commentary around the announcement, likely for some time. According to J.P. Gervais, chief economist with Farm Credit Canada, it's not an unexpected outcome. "When you comb through the [Bank of Canada] statement, what... Read More
Grain markets continued their march higher again this past week, as weather concerns, strong demand, and speculative buying continue to support the bulls. Wheat prices have been on a tear, with Chicago SRW values continuing to sit at 6-year highs on La Nina concerns. Meanwhile continued healthy Chinese demand for American corn and soybeans supported... Read More
Fall is often a time when farmers think about pre-purchasing or putting down some fertilizer in order to save a buck and some time in advance of the coming year. For late 2020, fertilizer tariffs on imports into the U.S. is changing the price dynamic and causing some uncertainty. Russian and Moroccan fertilizer companies have... Read More
Farmers have enjoyed an extremely rare harvest rally in several grain markets. For a discussion for what's behind the corn, soybean, and wheat market moves, this RealAg LIVE! features Matthew Pot, of Grain Perspectives! Don’t miss RealAg LIVE! weekdays at 1 pm M/3 pm E on your favourite social media platform! SUMMARY Corn ending stocks... Read More
JBS Foods Canada has announced a long-term commitment with Kanematsu, a Japanese food service and distribution company. Japan imported 49,317 tonnes of Canadian beef valued at $353.5 million in 2019. The company will focus on using Alberta Beef-branded product, including Northern Gold and the Canadian Diamond Black Angus brand, in development of this overseas partnership.... Read More