Motorcycles, crush or feed, and wheat at a "social"— LIVE! with Brian Voth

by

On today’s RealAg LIVE! our host Kara Oosterhuis is joined by Brian Voth of IntelliFarm Inc. out of Manitoba. They talk about canola, soybeans, wheat, pulses, and even get a bit into currencies!

Don’t miss the LIVE! weekdays at 1 pm M/3 pm E on your favourite social media platform!

SUMMARY

  • Brian wears a snazzy RealAgriculture hat
  • More importantly Brian is a motorcycle racer, he started in 2010, but has been riding motorcycles since he was a teenager
  • Onto a different kind of racing: markets (Dad jokes for the win)
  • StatsCan report came out yesterday. From a Canadian aspect, canola, 18.7 million tonne production, quite a bit lower than expected
  • Questionable, the pace of canola delivery?
  • Creative accounting, marketing for what we’re seeing right now
  • What’s the recommendation for producers if they’re sitting on canola right now, should they sell? Depends
  • Wider basis generally for December/January timeframe which will get more aggressive getting later into winter for canola
  • Lots of demand from both crush and export side
  • What are crush capacities like right now?
  • Comparison between soybean crush numbers and canola crush numbers. Soybeans get crushed for meal which goes into feed rations… different purposes
  • China, canola purchasing, don’t need meal because their hog herds have decreased, so they go for refined product instead
  • “China’s going to buy what they need regardless of who they’re upset at politically”
  • China will buy to rebuild stockpiles, even more unpredictable
  • Trump>>>Biden? Biden’s taking a “America First” approach, which sounds rather Republican, Democrats will ride a bit of coattails
  • South America buying U.S. soybeans? That’s a “once in a blue moon” occurrence
  • Shifting into soybeans, acres have dropped in Western Canada, yields in Ontario are average to a little bit above average
  • Canada’s not really a factor in the soybean market one way or another
  • South America has been hot and dry, starting to get rain now
  • Brazilian currency has collapsed, did they manipulate it? What will the real do compared to the U.S. dollar?
  • Wheat markets, maybe an underlying negative tone compared to Russia and Ukraine
  • “Wheat is basically the person that stands in the corner at a dance or a social (Manitoba fundraiser for a bride and groom, ya know) and watches everyone else have fun.”
  • Canada’s in a bad spot when it comes to shipping grain out, mountains on one side and so much land mass, frozen seaways most of the time
  • Russia’s export tariffs or bans trick everyone by calling them off after a week
  • Everyone grows wheat, so it’s not subject to the same supply constraints as say canola or soybeans
  • Feed grains? Barley had record production, as high as $6.00 feed barley in Southern Alberta. A lot less feed grain quality out there. What’s going on with corn prices also a factor
  • Corn moving west from Man. again capping feed barley prices?
  • Acres in 2021?

Wake up with RealAg

Subscribe to our daily newsletters to keep you up-to-date with our latest coverage every morning.

Wake up with RealAg

Other Episodes

RealAg LIVE! (view all)Season 1 (2020) Episode 13
Episodes:

Please register to read and comment.

Privacy Preference Center

Necessary

Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.

gdpr, __cfduid, PHPSESSID, wordpress_test_cookie, woocommerce_items_in_cart, woocommerce_cart_hash, wp_woocommerce_session, wordpress_logged_in, wordpress_sec, wp-settings, wp-settings-time, __cf_mob_redir, wordpress_cache, realag
__cfduid

Marketing

Measuring interactions with the ads on the domain.

__gads,fsk_ut_2317
IDE

Statistics

These are used to track user interaction and detect potential problems. These help us improve our services by providing analytical data on how users use this site.

_ga,_gid,_gat,_cb,_chartbeat2,_chartbeat4
_ga,_gid
metrics_token

Preferences

Preference cookies enable the website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.

chartdefaults, comment_author, comment_author_email, comment_author_url
JSESSIONID, _os_session,anonymous_votes,csrf-param,csrf-token,user,user-id,user-platform,intercom-session,intercom-lou,intercom-session
personalization_id, tfw_exp

 

Register for a RealAgriculture account to manage your Shortcut menu instead of the default.

Register