Category: Markets

Could blockchain transform agricultural markets?

Before we begin to explain how blockchain may be a game changer for agricultural marketing let’s answer that question that is likely at the top of your mind. “What the the heck is blockchain?” According to the Harvard Business Review, it is “an open, distributed ledger that can record transactions between two parties efficiently and… Read more »

What StatsCan report? — This week in the grain markets

Grain markets trended higher to start the first full week of December before giving up some gains in the back half. On Tuesday, the StatsCan report was published, giving some bearish numbers, though the market was fairly relaxed about it. The market also seems fairly relaxed heading into the December World Agricultural Supply and Demands… Read more »

Beef Market Update: Impressive exports and a sense of settling down

While much of the focus on beef has been on international negotiations, Gateway LIvestock’s Anne Wasko brings the numbers a little closer to home, in the Beef Market Update with host Shaun Haney. The United States saw great numbers for October exports, says Wasko, with “beef was up 13 percent from a year ago, pork… Read more »

Canada reports a five month low in trade deficit due to rising exports

Both Canada and the United States released their export numbers for the month of October this week and there are some interesting takeaways. Fresh off last week’s third quarter GDP numbers that were dragged down by weak exports, the Statistics Canada trade data pushlished on Tuesday showed rebounding exports. Canada’s trade deficit shrank to a… Read more »

StatsCan tables larger-than-expected canola and wheat production numbers

Statistics Canada published higher-than-expected estimates for several major Canadian crops in its crop production report on Wednesday. The report includes the final production estimates for 2017 (although they can still be revised for two years.) For canola, StatsCan estimates production of 21.3 million tonnes, up from 19.7 million in the September StatsCan report and 19.6… Read more »

Canada shows surprisingly strong job numbers, weaker GDP growth

On Friday, Statistics Canada released its third-quarter economic report, which included an update on gross domestic product and job growth. With the Canadian government boasting a strong economy and North American Free Trade Agreement (NAFTA) negotiations in an arguably precarious situation, many experts are watching the domestic economic climate very closely. Some of the highlights… Read more »

Lessons from history — This week in the grain markets

Grain markets started the month of December in the green, supported by the turning of calendars and a lower U.S. dollar. The decline of the U.S. Greenback was mainly related to a heavy geopolitical risk news day that pressured equity markets. This news included a North Korean missile launch, a new tax bill in the… Read more »

Cereals outlook: What will it take to move the wheat market?

Weather events, political drama, and moisture concerns in the Dakotas and Western Canada. They’re all factors that could move the wheat market in 2018. It’s just a case of where, when and to what extend. In this report from the recent Grain World conference in Winnipeg, Manitoba, Matthew Pot is joined by Rhyl Doyle from… Read more »

Sideways or boom? — This week in the grain markets

Grain markets this week were fairly muted due to a shortened trading week at the Chicago Board of Trade. While Americans were crushing turkey and NFL football, Chinese import data was published, showing that they bought over 480,000 tonnes of vegetable oils in October — that’s a 78% increase year-over-year. Palm oil prices popped as… Read more »

Oilseed outlook: Chinese demand will continue to support soy price

China’s insatiable appetite for soybeans will continue to provide support for the oilseed crop through the next year. It will also be the catalyst for soybean acreage to surpass corn for the first time in 2018, says Bill Lapp, president of Advanced Economic Solutions. He shared his oilseed outlook during a panel discussion at the… Read more »

Roquette sees Manitoba as a good fit for pea processing

Construction of Manitoba’s new pea processing plant at Portage la Prairie is on schedule for its planned 2019 startup. John Buch, grain department manager for French food ingredient company Roquette, builders of the plant, shared the news at the Grain World conference in Winnipeg, Man. When the plant opens, Roquette will have pea processing capacity… Read more »

Weather in the driver’s seat — This week in the grain markets

Grain markets ended Friday in the green. However, for the week, prices were mostly in the red as some benign weather kept the bears in charge. Most eyes are on South America but planting is back up to the normal average now. Corn ended practically where it started, dropping only 0.07%. Oats lost nearly 6%… Read more »

India committed to pea import duty, says broker

India’s decision to add a 50 percent import duty on peas is designed to help the country become self-sufficient in pulses, and the government appears to be steadfast in its commitment, says one of India’s largest international pulse brokers. Anurag Tulshan, managing director of Esarco Exim Pvt Ltd, told delegates attending the Grain World conference… Read more »

Are we turning the corner on ag commodity prices?

Farmers are always hoping for higher prices in any market, but our wishes do not always come true. However, there are signs we’re turning a corner, with global demand outstripping supply. Many farmers and analysts have stared at their computer screen this fall to see Dec corn laser-locked around $3.50, along with other commodities like… Read more »

Returning to the average — This week in the grain markets

On Thursday the United States Department of Agriculture (USDA) came out with their monthly world agricultural supply and demand estimates (WASDE). Usually, November is a bit of a sleeper month, but given the delayed corn harvest in the U.S., there were some ideas that the USDA might provide the market something in line with the… Read more »