With the U.S. Federal Reserve raising interest rates for the first time in almost a decade and the Bank of Canada suggesting it’s considering negative interest rates, how much lower can the Canadian loonie drop relative to the U.S. dollar? It’s an important question when determining whether to lock in basis levels, as movement in the currency… Read More

After three record crops around the world, grain prices are under heavy pressure from ample supplies. The impact is probably felt nowhere more than in the U.S., as the strength of the U.S. dollar is also restricting exports. Some analysts are saying it will take a major weather issue — maybe a flip from El Nino to… Read More

While grains ended the month of November with little fanfare, the first trading week of December proved to have some push to the upside despite a number of reports that didn’t really change any fundamentals. Soyoil led the complex with a 10.5% gain for the week, which helped support canola prices (+2.25% for the week)… Read More

Haven’t we seen this before? Traders and analysts were expecting Statistics Canada to peg the 2015 canola crop at around 15.6 million tonnes in the agency’s latest production report released Friday morning. Pre-report guesses ranged between 14.5 and 16.4 million. Most farmers reported better than expected canola yields at harvest, so everybody was expecting the… Read More

The grains market continued to trade through the U.S. Thanksgiving week a bit quieter (par for the course) against a stronger U.S. dollar, but ended the week a bit higher thanks to some decent U.S. export sales for corn and soybeans. All things being equal, global trade continues to be encouraged by low ocean freight… Read More

Wheat futures have been unable to build any upward momentum since the middle of summer, as the market sits on a record-sized world crop waiting for fresh trend-setting news. U.S. currency strength is limiting export demand and the ability of Minneapolis-based futures to move higher, notes Mike Davey of FarmLink Marketing Solutions in the interview below. However,… Read More

Grains finished the last full week of trading in September in the green thanks to some unfavourable weather conditions in Europe and Asia, and better-expected-export numbers for U.S. sales. While crop progress reports in North America continue to show that things are ahead of schedule & crop quality is relatively decent, some good buying strength… Read More

Is there an ideal exchange rate for Canada’s agriculture industry? That depends, of course, on what you’re selling or what you’re buying, and it’s rare to win on both sides of that equation. What’s more, farmers have no control over currency changes, so how can farmers best prepare for managing currency risk? That’s the topic… Read More