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
With harvest well underway, or even finished for some, markets continue to be susceptible to global events, but focus is now turning to what the actual yield numbers are as crops come off. Weighing in on the topic is Brian Voth, president of intetlliFARM, and he says he’s skeptical of the demand that is being… Read More
September is seasonally not a stand out time for beef prices, yet we are starting to see some prices trend in a positive direction as the U.S. may be on the heels of another record year for beef production. Anne Wasko with the Gateway Livestock Exchange says to date, the U.S. beef production is running… Read More
The U.S. agriculture industry — and economy as a whole — breathed a sigh of relief early Thursday morning when Labour Secretary Marty Walsh tweeted that a tentative agreement had been reached between rail companies and the unions representing railway workers that were threatening to go on strike on Saturday. The Canadian agriculture sector, for… Read More
Nitrogen has been a hot topic, not only in Canada when it comes to emissions reductions, but worldwide as Europe faces steep increases on natural gas prices, which may have crop rotations shifting in the coming years for those producers, creating a domino effect for North American growers. In Europe, they’ve see a 3600 per… Read More
Oilseed markets moved higher following the release of the USDA’s September crop report on Monday, September 12. U.S. soybean yield was pegged at 50.5 bushels per acre, about a bushel lower than the average pre-report trade guess and down from 51.9 bu/ac in the department’s August report. The number of harvested soybean acres was also… Read More
As the commodity markets continue to hinge on the outcomes of several global factors, the glass-half-full approach is honing in on corn and what looks to be an upswing, as we look at the December charts. Slow and steady may win the corn race with consultants staying optimistic that a rebound is on the horizon…. Read More
September has started off on a bit lower of a note in the cash cattle trade. Which, given the time of the year, isn’t all that surprising. According to Anne Wasko of the Gateway Livestock Exchange, U.S. fed cattle was down to $141 in the south for live trade, while the northern states sat in… Read More
There’s no doubt that nitrogen prices have seen a steep price increase again as of late. Most of this momentum is being propelled by the current state of the natural gas market. Sam Taylor, farm input analyst with Rabo AgriFinance, says North American natural gas prices are the highest they’ve been since about 2008. “What… Read More
Improved growing conditions for much of Western Canada has Statistics Canada predicting a much larger crop for 2022 harvest than was previously reported. The latest principal field crop report, published August 29, is derived from predictive modeling based on July field conditions. StatsCan says the Crop Condition Assessment Program shows that overall plant health in… Read More
Fertilizer pricing and supply continues to occupy the mental space of farmers across North America. There are still as many questions about the future of fertilizer prices as there have been since they skyrocketed following the summer of 2021. Supply chain issues and the war in Ukraine have created volatility, and many are watching the… Read More
Ag machinery sales are showing a decline compared to last year, looking at the first seven months of 2022, however, this isn’t necessarily indicative of a bad year, says the Association of Equipment Manufacturers (AEM). The AEM flash report for the month of July shows a decrease of 7 per cent for tractor sales in Canada… Read More
Jon Driedger of LeftField Commodity Research recently took a tour across Western Canada with LeftField Commodity Research and Argus Media to analyze the yield potential of the Prairie crop. Like any year, there are extremely variable pockets, but Driedger says for the most part, yields are looking average. The summary for cereals — with the exception… Read More
Many eyes are focusing on the latest CanFax report, and Anne Wasko, of the Gateway Livestock Exchange is one of those pairs of eyes. Particularly the August cattle-on-feed numbers — which were down by three per cent. What is so exciting about that? As Wasko explains, it’s the first time we’ve seen on feed numbers… Read More
The U.S. Department of Agriculture (USDA) published its August World Agricultural Supply and Demand Estimates (WASDE) report on Friday. Looking globally, the USDA’s projected lower world ending stocks for wheat and corn, while soybeans saw an increase of 1.8 mmt. Of note, soybean production for China was increased on higher area cited in recent provincial… Read More
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