At the 106th Saskatchewan Stock Growers Association annual general meeting, Gateway Livestock Exchange’s Anne Wasko presented on the current situation in the beef markets. The theme of the two-day convention was Strategies for Success, and in this episode of the RealAgriculture Beef Market Update, Wasko goes over just that. She says the biggest topic she’s… Read More
Grain prices gained a lot of ground this week as the complex was supported by a bullish WASDE report from the USDA and wet weather from Mother Nature. In contrast to last week, the hard red spring wheat ticker in Minneapolis was the only one in red this week. On the flip-side, corn and winter… Read More
The USDA showed no fear in taking a stand on the projected corn yield in today’s World Agricultural Supply and Demand Estimates (WASDE). Whether due to the late planting dates, unfit soil or pollination timing, the USDA adjusted corn yield dramatically to the downside, while leaving soybeans untouched. The USDA dropped the projected corn yield… Read More
The first full week of trading in June was highly volatile for the grain markets, as the complex whipsawed around on continued planting concerns (namely Prevent Plant corn acres), weather forecasts, and fresh trade issues. Simply put, there are a lot of factors impacting the market and that’s why we saw some wild intraday swings… Read More
The federal government announced more than $1 million will be going towards Canadian Meat Council (CMC) initiatives. Member of Parliament Chris Bittle made the announcement today in Niagara Falls, Ont., on behalf of Agriculture and Agri-Food Minister Marie-Claude Bibeau at the CMC’s 99th annual conference. According to a news release, in collaboration with the Canadian… Read More
With historically slow corn planting in the U.S. and Ontario due to adverse wet weather conditions, the consequences are building. As the doubts on how much of the desired corn will get planted, feedyards are having staring higher feed costs in the eye. The latest USDA planting progress report will come out today (Monday), but… Read More
To end the month of May, grain prices took a bit of a hit on the last trading day of the month, with most crops on the futures board seeing double-digit losses. The complex was still able to squeak out some gains for the week (as shown below). Put simply, all those traders who were… Read More
Despite last Friday’s bullish Cattle on Feed report out of the U.S., markets on Monday opened with little impact, says Anne Wasko of the Gateway Livestock Exchange, in today’s Beef Market Update. The report listed the May 1 inventory of cattle and calves on feed for the slaughter market as the highest since the series… Read More
With most commodities seeing a big jump in Thursday’s market, some analysts — including Brian Voth, president of IntelliFarm Inc. — are calling canola “the designated driver of the commodity party.” While the rest of the grain market saw decent gains, canola inched higher in comparison. Canola closed up $0.70 in November closing at $473…. Read More
The weather in the U.S. midwest has been less than spectacular as rain continues to fall on an already saturated land base. And for many growers, the end of May is truly go time. According to the United States Department of Agriculture (USDA), as of May 28, growers are only 58 per cent complete planting… Read More
Grain prices again found significant gains this past week as the complex continued to price in weather and corresponding production risks, especially in the U.S. Midwest. The weekly performance was augmented by a significant rally on Friday that saw corn prices jump 14 cents/bushel and Chicago wheat climbing 19 cents! With the forecast for the… Read More
By Sean Mitchell and Dr. Alfons Weersink As wet planting conditions persist across Ontario, many growers have switching on their mind: should they switch to shorter-season corn hybrids or even leave corn in the bag and plant soybeans? From an economic perspective, the best choice is likely to switch to shorter-season corn with lower heat… Read More
The Canadian beef market is enjoying a record-setting export pace for the first three months of 2019. Last week’s announcement of Japan accepting beef from over-thirty-months of age cattle is a real bonus to an already great bull run. Fawn Jackson, senior manager of government and international relations for the Canadian Cattlemen’s Association, says that… Read More
In somewhat of a landslide victory, Narendra Modi has secured another five year term as the Prime Minister of India. As one of the milestones influencing the country’s strategy on pulse crop import tariffs, the federal election is big news for the international agriculture community. Now that it’s over, should Canadian pulse growers expect a… Read More
It’s a weather market this week, according to Wendy White, manager of grain marketing for Viterra’s central region, and there has been a lot of volatility. But, that can be a good thing, if you know how to market your grain. “You’ve been living under a rock if you haven’t heard corn planting (in the… Read More