When it comes to summing up this past week in the beef market, Anne Wasko of the Gateway Livestock Exchange says there are two stories to look at when it comes to the cash market. In the U.S., the cash market didn’t really come up, unfortunately — it’s still sitting around that $119 mark. However,… Read More
The Governor of Michigan has eastern Canadians wondering how they became so dependent on a pipeline coming from the U.S., as Governor Gretchen Whitmer is determined to have Enbridge cap Line 5 which would starve Ontario and Quebec of 50 per cent of their energy supply. The Canadian government has taken court action this week,… Read More
The latest World Agricultural Supply and Demand Estimates (WASDE) report was released May 12 by the World Agricultural Outlook Board. Joining host Shaun Haney to break down the WASDE report in this RealAg LIVE! episode is Ted Seifried of Zaner Ag Hedge. Listen and watch to hear about ending stocks, projected acres, trade, hedging, and… Read More
ADM has announced plans to build North Dakota’s first crush plant and refinery completely dedicated to soybeans. The US$350 million facility will be located west of Fargo, at Spiritwood — approximately 290 km (175 miles) from the Canada-U.S. border. It is slated to process 150 thousand bushels of soybeans per day starting in time for… Read More
A combination of major losses on foreign exchange hedging in the initial days of the COVID-19 pandemic and an unsuccessful plan to sell assets to draw down debt contributed to Alberta-based pulse and grain crop exporter W.A. Grain & Pulse Solutions entering receivership in late April, according to a court document filed by the company’s… Read More
Statistics Canada released its March 31 stocks report on Friday, and all eyes were on canola as prices continue to rise with tight supplies. Canola stocks for 2021 were significantly tighter than at the same time in 2020, which was not a surprise at all. The 37.7 per cent drop saw the stock tonnage go… Read More
How about those cattle markets? Everything is on the move and demand is there, but getting the cash back to the producers at the end of the day has been tricky. To break it all down on this RealAg LIVE! host Shaun Haney is joined by Brian Perillat of CanFax. Don’t miss a new RealAg… Read More
With the winter wheat crop advancing quickly and soybean prices hovering around $18, there’s a lot of chatter in Ontario about double cropping soybeans in 2021. The topic commanded the attention of agronomists, researchers and agribusiness reps for almost 20 minutes at this week’s virtual Ridgetown Agribusiness meeting. With the stars aligning, Ontario Ministry of… Read More
The strike at the Port of Montreal has ended following the passage of federal back-to-work legislation. Bill C-29 received Royal Assent after being approved by the Senate late Friday (April 30), mandating the resumption of all port activities at 12:01 am on May 1. It was approved by the House of Commons early Thursday morning…. Read More
If you’re a cattle feeder who’s been following the value of the Canadian dollar, you’ll know it’s not moving in the right direction for people in the export market. Combine that with rising feed costs and the price of feeder cattle, the input costs for the feeder are not headed toward higher profitability. Lethbridge barley… Read More
This cattle market is something right now, to say the least. Demand has been fantastic — exports are strong, and domestic consumption is there, and yet it’s not making its way back to the primary producer in terms of pricing, creating a frustrating situation for feeders. Anne Wasko of the Gateway Livestock Exchange says that… Read More
Canola, wheat, pulse crops, barley, and more acreage numbers were released in Statistics Canada’s report today. The numbers are what they are, and hopefully Statistics Canada was able to complete surveys that gave fairly accurate ones. To break it down for us, Neil Townsend, senior market analyst at FarmLink Marketing Solutions, joins Shaun Haney for… Read More
It’s a big day when the Statistics Canada acreage report is released for all the major field crops in Canada. To understand if the numbers are above or below expectations, Shaun Haney is joined by Jon Driedger, grain market analyst with LeftField Commodity Research. To start the conversation off, canola acres are up from last… Read More
Update, April 25: Federal Labour Minister Filomena Tassi has given formal notice to Parliament that the government is prepared to introduce “An Act to provide for the resumption and continuation of operations at the Port of Montreal” if the two sides are unable to reach a deal. The legislation could be introduced in the House of… Read More
A bill reintroduced by two U.S. senators on March 24 would see U.S. meat processing facilities — those that slaughter over 125,000 head of cattle each year — purchase 50 per cent of their weekly volume of beef slaughter in the open or “spot” market. Further, these animals would need to be processed within 14… Read More
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