Could 2019 be another 'gibb' year for corn growers? That's a question RealAgriculture agronomist Peter Johnson encounters almost daily. When asked, he says there's "not a chance" of the widespread gibberella outbreak Ontario growers experienced in 2018. However, he notes that "in isolated areas, we do have a high risk of gibberella ear rot infection... Read More
Category: Markets
The United States Department of Agriculture (USDA) is out with its monthly World Agricultural Supply and Demand Estimates (WASDE). It appears as though corn is back as king, with the department forecasting corn production at 13.9 billion bushels — that's up 26 million from last month's projection. The first yield forecast of the season, which... Read More
As many producers are aware, there are a plethora of things going on in the global economic sphere... and growing concerns are rising. But how do we understand what everything means? How do we unpack it all? Farm Credit Canada's chief economist J.P. Gervais joined RealAg Radio host Shaun Haney to give a little more... Read More
Grain markets found gains the first full week of trading in August, ahead of Monday’s World Agricultural Supply and Demand Estimates (WASDE) report, a report that the complex has been waiting for since the July WASDE. Going into the report, the sentiment is fairly bullish as there are some major reductions of U.S. acreage, production,... Read More
Ontario's minister of agriculture is asking — again — that the federal government move on with resolving large-scale trade issues with China, and that the feds provide compensation for the meat sector in the meantime. Following up on a request made in early July and post-federal-provincial-territorial (FPT) meeting of agriculture ministers at Quebec City, Minister... Read More
The calendar has flipped into August and cattle producers are looking forward to the fall yearling and feeder run. During the past week, live cattle struggled to gain momentum but ended up fairing better than lean hogs in the face of heavy selling of pork futures. There is a lot of pressure on hogs due... Read More
Grain markets had a tough turn of the calendar from July to August, as the complex dealt with a couple of factors that pushed it lower. From a performance standpoint, corn prices lost about seven per cent for the month of July, while soybean and hard red spring wheat prices basically ended July where they... Read More
Earlier this week, crop market analyst Chuck Penner shared a graph showing China's year-over-year rapeseed oil (including canola) imports. The trend line since April 2019 is a rather steep line, and it's straight up. Penner, with Leftfield Commodity Research, says that the latest figure clocks in at 254,000 tonnes of rapeseed oil imported — a... Read More
Beyond Meat, the company that makes plant-based meat substitutes, announced it will be selling an additional 3.25 million shares of common stock in the face of growing demand for plant based proteins. The news comes after the company shared its second quarter financial results, and lower than expected profits sent the stock diving by at... Read More
Confirmation of what producers already know and a reminder of some of the upcoming obstacles has become evident in the latest USDA crop progress and condition report. U.S. corn conditions were reported at 58 per cent at good to excellent, versus the analysts projections of 57 per cent. This is a very slight improvement from... Read More