Category: Energy Markets

Crude oil shipments by rail reaching record levels ahead of harvest

Crude oil shipments by rail in Canada are at record highs and forecast to continue climbing, as oil production has increased with no major expansion in export pipeline capacity. At the same time, executives for Canada’s two major railways say they intend to maintain rail capacity for grain. 198,788 barrels of oil per day were… Read more »

Canadians paying for pipeline constraints at the pump, says fuel market analyst

The last time gasoline prices across Canada were where they are today, averaging around $1.33/litre, was in July 2014, when the price of oil was around US$100 a barrel. Oil prices have been trending higher since last summer, but are still $30 below where they were in July 2014. So why are fuel prices so… Read more »

Farmers keep a watchful eye on rising oil prices as planting begins

As farmers hit the field and the tractors start to roll, diesel prices are on the minds of farmers. The biggest driver of diesel prices is the price of oil, and it has been on a real run upwards in the last 52 weeks. In the last 52 weeks, crude oil is up 39 percent… Read more »

Energy East pipeline cancellation an opportunity lost for rural Canada

Last week TransCanada Corp announced its withdrawal from the 1.1 million barrel per day Energy East pipeline project in Canada. The cancellation of this $15.7 billion project has created much unrest or satisfaction depending where you live in Canada. The pipeline’s concept was to take oil east for domestic use and exports abroad. The pipeline… Read more »

RealAg Markets: Second day of red all over the screen

The markets continued their strong bearish tone as grains and oilseeds pushed lower across the board for the second day in a row on Tuesday. On Monday, one excuse was that Friday’s bearish cattle on feed report sparked a push to sell. Expected rains in the U.S. midwest later this week have certainly driven some… Read more »

Why the Canadian ethanol industry could be set to grow

In Canada we do not talk about biofuel production like they do in the United States. I attend many farmer meetings across the country and rarely do I hear talk on the agenda or in the hallways about ethanol or biodiesel production in Canada. In the U.S. ethanol production is a major user of the… Read more »

Register for GrainWorld – Influencers Driving Innovation

November is always a very interesting time for the markets.  Analysts begin to have an idea of the crop volume and quality and farmers and looking to solidify their new crop marketing plans and are already beginning to think about planting intentions for the coming spring.  Farmers also have to increasingly pay attention to the… Read more »

U.S. Election Tops Concerns for the Canadian Economy: BMO’s Chief Economist

Anti-trade messages from both U.S. presidential candidates are undoubtedly troubling for the future of the Canadian economy, especially in export-oriented sectors like agriculture. “That to me would be the number one concern when we look over the next six months — what happens in the U.S. election and what happens afterwards,” said Douglas Porter, chief economist… Read more »

Canadian Dollar Expected to Settle Down into “Sideways, Softer Tone”

The Canadian dollar could be settling in for some quieter time after a wild ride over the last year. In May 2015, the loonie traded at over 83 cents US. It then went for a slide, bottoming out in mid-January at around 68 cents before rallying aggressively, touching 80 cents in early May. The dollar has since retreated down to around… Read more »

The Switch — This Week in the Grain Markets

A lot of focus in the market last week was on the wheat market as warm weather from Kiev to Kansas is pushing fall-seeded crops out of dormancy much earlier than usual. After last week’s best weekly gain for wheat since October, investors’ focus will now turn to weather forecasts and the stocks and acreage… Read more »

In Saskatchewan a New Winning Attitude is Creating a Culture of Excellence

The winds of change have blown through Canada. No longer is Alberta on top of the Canadian economic machine. Ontario is no longer the manufacturing super power. The word ‘Conservative’ cannot be found in the name of any governing provincial party and no one is joking about the attitude of Saskatchewan. “Excellence is not a… Read more »

TWORA — Canada’s Economic Tractor & the Farmer’s Side of the Story — Jan 21

We’re talking about everything from the state of the US and Canadian economies to SaskCanola’s effort to share how many farmers view modern ag technology through the “License to Farm” film. After spending most of the week at Ag Days in Brandon, Kelvin Heppner host of this week’s news podcast and is joined by a… Read more »

Agriculture Poised to Play Larger Role With Decline of Oil — Jeff Rubin’s Perspective

Agriculture is poised to play a much larger role in the Canadian economy thanks to impacts of climate change and declining revenues from oil extraction, says well-known author and economist Jeff Rubin. “Climate change has fatal implications for our previous ambitions of becoming an energy superpower, but it’s going to make other assets and resources in… Read more »

This Ain’t 2012 — Weather, Government Targets Push Markets This Week

Grains saw a choppy end to the trading month of May as government reports seemed to sway the market the most. Corn and wheat prices on the futures board saw their values fall as USDA crop progress reports reminded everyone that a lot of corn is already in the ground and that wheat crops in… Read more »

The Markets This Week — Market Share Swings

Grain prices ended the month of February a little mixed as corn, soybean, and canola prices all got support in the last half of the month through harvest and logistical concerns out of South American. Lower oil prices have helped keep gains in check for those crops related to the biofuels industry, although strong domestic… Read more »