It’s been a mild January so far in Saskatchewan, where star of the Beef Market Update, Anne Wasko of the Gateway Livestock Exchange, is reporting from today. Wasko joins guest host Lyndsey Smith this week to discuss cattle prices in the U.S., Western Canada, cattle-on-feed numbers, Canadian kill prices, and more. Check out the full… Read More
Author: RealAgriculture Market Team
The announcement in late November that Health Canada is moving forward with a label change for lamba-cy insecticide products, ie. Matador and Silencer, effective April 2023, immediately set off alarms across Western Canada regarding problems with flea beetle control in canola. Ontario agronomists and growers then began to ask if they too would have access… Read More
When market volatility is not the motivating factor for growers to sell, how do marketers avoid selling complacency setting in? Jonathon Driedger of Leftfield Commodity Research says that the markets could test new highs in the year ahead, but that small moves over time may be more likely in the year ahead. At the top… Read More
Now is an interesting time to be making decisions on old crop marketing or pulling the trigger on new crop pricing. Some farmers are well set for new crop, but market analyst Jonathon Driedger of Leftfield Commodity Research says there are three key factors that bear watching early in the new year. Looking very big… Read More
As much as the 2023 growing season and following marketing year are highly unlikely to be as wild as 2022, there’s still plenty of unknowns and volatility ahead. Neil Townsend, analyst with FarmLink Marketing Solutions, says there were definitely head-scratchers in the 2022 season — like when wheat prices shot up, then dropped, then settled… Read More
The full brunt of the 35 per cent tariff on Russian-sourced nitrogen in 2022 didn’t just equal millions of dollars paid by Canadian farmers, it also put a spotlight on the challenges of some global trade flows. Grain Farmers of Ontario (GFO) commissioned StoneX to explore the issue, and author of “Farmers Need Fertilizer,” Josh… Read More
Some fertilizer pricing decisions and applications for the 2023 crop have already been made, but there’s plenty to be priced between now and April. For a look at current and future fertilizer markets, we go to Josh Linville of StoneX, and start with the apparent lull in prices — is this a temporary reprieve from… Read More
The Bank of Canada raised its overnight rate by 0.50 per cent earlier this week, but signalled this may be the beginning of the end for rate hikes. What does this, a tight labour market, and high commodity prices have in store for 2023? J.P. Gervais, chief economist with Farm Credit Canada, spoke this week… Read More
The current sideways lull in the grain markets has some feeling somewhat uneasy, wondering if the market bumps higher or breaks to the downside. Given the last 18 months, it feels like anything is possible. But why are the markets trading sideways? Plenty of reasons, says Scott Shellady, host of the Cow Guy Close show on… Read More
Seasonal movement off the lows of the pea and lentil markets hasn’t resulted in much beyond sideways movement, says Chuck Penner, founder of Leftfield Commodity Research, based at Winnipeg, Manitoba. But there are some differences between red and green lentils and yellow and green peas. The challenging harvest weather in Australia is playing a significant… Read More
If you’re tired of hearing words such as “unprecedented” and “new normal,” you’re not alone. That said, over time, what is average or normal or expected does change and evolve. Take commodity prices, for example. Over the very long term, the bottom level resistance for wheat futures at one time was $2/bushel. Eventually, that rose… Read More
Wheat and corn prices for the near and medium term are all about supply. The trouble is, there is plenty of wheat in Russia, but there are few countries who want to be seen buying Russian wheat. What’s more, the uneasy trade corridor accord between Ukraine, Turkey, and Russia is providing very little assurance to… Read More
We’ve discussed before how there will likely be whole research projects centred on the 2022 December corn futures contract. The contract has finally settled in to a range, but that has analysts and farmers alike wondering what it will take to crack this crop to the up — or down — side. To tackle that… Read More
The U.S. Department of Agriculture released its WASDE report for October on Wednesday, and soybeans definitely received the bulk of the market reaction. Although corn and wheat yield projections were relatively in-line with analyst expectations, it was the soybean yield that made the market go…hmm. Arlan Suderman, of StoneX tweeted, “USDA pegged the #soybean yield… Read More
Since the middle of August, the corn market has experienced a bit of a holding pattern, with trade sticking mostly sideways. Joe Vaclavik, founder and president of Standard Grain, says a big part of what is playing into this pattern is the uncertainty surrounding the size of the crop in the U.S. “I think there’s… Read More