Category: Markets

Acreage Predictions, Weather Concerns & Planting Progress — This Week in the Grain Markets

Grain markets dealt with a sideway 3rd week of April thanks to weather concerns, acreage estimates, and planting progress owning headlines. Canola was the biggest winner for the week, up 1.4%, while conversely, oats was the sorest loser, down 0.8%. Corn and wheat were slightly lower, down 0.35% and 0.2% respectively, whereas soybeans gained 0.4%… Read more »

Beef Market Update: Carcass Weights are Lower While the Live Cattle Futures Go on a Run

The cattle markets have seen two weeks of strong futures gains, which is bringing smiles to the faces of cattle feeders. With carcass weights lower in Canada and the United States, they’re are current and looking to fill empty pens as the cash market rises. The summer of 2016 is still fresh in cattle feeders minds… Read more »

Where Did StatsCan Find All These Acres?

Canadian farmers have found some additional acres to seed this year, according to the Statistics Canada planting intentions report published on Friday. The agency’s projections for the three largest acreage crops — wheat, canola and soybeans — were all higher than analysts were expecting. Adding up the individual crop and summer fallow categories, the total acres described… Read more »

StatsCan Projects Record Canola Acres, Surprising Wheat Area

A record 22.4 million acres of canola will be seeded in Canada this year, but wheat will remain number one in terms of area, according to the Statistics Canada seeding intentions report published on Friday. The StatsCan all-wheat estimate came in at 23.2 million acres, higher than highest pre-report analyst predictions, which ranged from 21.2… Read more »

Canada is the Largest Importer Of U.S. Processed Food, Doubling Second-Place Mexico

Trade between the NAFTA nations has become mainstream news on a daily basis.  Trade relations between Canada and the United States seems to be getting cooler as the battle over lumber, energy, and dairy heats up. The Canadian and American agriculture economies are very linked and, as highlighted by Kevin Grier in his March edition of… Read more »

Unharvested Crop, Wet Weather & Rebounding Prices — Mike Jubinville on What’s Driving Acres in 2017

With more than 2 million unharvested acres, and wet conditions preventing normal fall work in many areas it’s going to be a busy spring across much of Western Canada. How will this affect acres of each crop, especially if the recent wet weather trend continues? As Mike Jubinville of ProFarmer Canada notes, cropping options are going… Read more »

Predicting Acreage Numbers (and the Stanley Cup Winner)

As oddsmakers and fans adjust their expectations for who’s going to win the Stanley Cup, market analysts are crunching the numbers on how many acres of each crop farmers will plant this spring, with the Statistics Canada acreage report coming out on Friday. Dwight Nichol of DLN AgVentures joined RealAg Radio on Tuesday (before the Oilers’… Read more »

On the Hunt — This Week in the Grain Markets

Grain markets headed into the Easter holiday weekend on a bit more volatility, helping most futures stay in the green. Oats were the big winner, rebounding up 4.15% since last Friday, closely followed by 3.5% and 3.15% by soymeal and corn respectively. The U.S. dollar was the big loser of the week, down 0.6%, which supported… Read more »

Beef Market Update – When You Are Current, You Have Bargaining Power

Trade has been the focal point for the beef industry in North America, lately, as both Canada and the U.S. search for export growth. It seems like we talk more about trade deficits and surpluses between countries than we have in a long time. This week in the Beef Market Update with Anne Wasko, Anne… Read more »

One Report to the Next — This Week in the Grain Markets

Grains started the month of April with a little bit of follow-through fanfare from the USDA’s stocks and acreage report on March 31st and some speculation over the start of the North American planting season and end of the first South American harvest. For the week, canola was the winner, gaining 0.9% which was helped… Read more »

AgriClear Announces Collaboration with Verified Beef Production Plus Program

AgriClear, a North America-wide online transaction and payment platform for cattle buyers and sellers, has announced a collaborative marketing agreement with Verified Beef Production Plus (VBP+). Verified Beef Production Plus (VBP+) is a national program providing verification of Canadian beef production practices at the farm, ranch, and feedlot. Delivered nationally under the umbrella of the… Read more »

India Pulse Export Scare More Smoke Than Fire: Chuck Penner

Concerns that India would no longer accept Canadian peas and lentils due to changes to fumigation requirements on incoming shipments were overblown, says the president of LeftField Commodity Research. India issued a three month extension last week, allowing sales to Canada’s largest pulse export market to continue. “In the end it turns out there was a lot more smoke… Read more »

USDA Estimate Exceeds Expectations for Record Soybean Acres

Soybeans will be on the verge of matching corn acres in the U.S. this year, according to the USDA’s Prospective Plantings report published Friday. Higher soybean acres has been the consensus in the market for some time, but the department’s soybean acreage estimate of 89.5 million was still well above the average pre-report guess of… Read more »

22.5 Million Reasons To Plant Canola — Dwight Nichol

Canola acres are poised to climb from just above the 20 million mark last year, but how high will the final tally be? Could we pass the 22 million acre record set in 2012? Dwight Nichol of DLN AgVentures thinks so. “I have a number in my balance sheet right now of 22.5 million acres,” he… Read more »

G3 Plans Two New Elevators in Saskatchewan

G3 Canada continues to expand its presence on the prairies, announcing plans for two new primary elevators in Saskatchewan on Tuesday. The company that evolved out of the privatized Canadian Wheat Board says it will build a 34,000 tonne facility 5 km north of Melville on Highway 10 and a 42,000 tonne elevator 7 km… Read more »