The expansion in canola crush capacity in Western Canada over the next few years is expected to create opportunities to not only maximize the amount of canola meal in domestic animal feed rations, but also to unlock new demand for feeding livestock and fish in the Indo-Pacific region. “We’re probably seeing about another three million… Read More
Category: Grain Markets
Wheat markets tend to err on the side of boring, as its one crop that is grown in essentially every region of the world. That said, ignoring what’s ahead for the market could leave real dollars on the table if growers aren’t paying attention to market moves. Neil Townsend, of FarmLink Marketing Solutions and GrainFox,… Read More
There are convincing arguments to be made on grain markets moving to the up and to the down side. Right now, the bulls seem to have a slight edge, but all that could change quickly, says Neil Townsend of FarmLink Marketing Solutions and Grainfox. A general lack of big news has kept markets in a… Read More
Imperial says it plans to spend around $720 million on building the largest renewable diesel facility in Canada at its Strathcona refinery near Edmonton, Alta. The plant is expected to produce more than one billion litres of renewable diesel annually from locally sourced feedstocks, including canola oil, the company said on Thursday, noting this fuel… Read More
It’s been nearly two years since the first in a series of five separate announcements were made regarding plans to build or expand canola crush facilities in Saskatchewan, largely in response to low-carbon fuel policies driving demand for canola oil. Announcements are one thing, but actual construction is another. While Ceres Global Ag has since… Read More
Grain marketing app company Combyne Ag has been acquired by Bayer Crop Science, joining Bayer’s suite of digital tools for farmers. Combyne, which was known as FarmLead until 2020, will continue to operate at arms-length to Bayer’s broader business, while benefiting from added resources and association with a partner with a shared vision, says CEO… Read More
While the longer-term outlook for exports to China, based on demographics, appears increasingly bearish, the short-term situation still has Canadian producers in a “sweet spot,” according to a veteran western Canadian grain market analyst. China’s National Bureau of Statistics reported the country’s first official population decline in decades on Tuesday. While China’s population still sits… Read More
Looking back over the past century, economic recessions have more often than not been preceded by a sharp rise in oil prices, as seen in the first half of 2022. Farmers and grain marketers should be looking to the energy market as a leading indicator for where other commodities are headed, according to a market… Read More
Who’s buying, who’s growing, and who’s selling? Chuck Penner, founder of Leftfield Commodity Research, gave a grain market outlook at the Western Canada Crop Production Show at Saskatoon this week. RealAgriculture’s Atley Hamlin caught up with Penner and asked about the pea, lentil, and chickpea market factors at play for the year ahead. Starting with… Read More
When market volatility is not the motivating factor for growers to sell, how do marketers avoid selling complacency setting in? Jonathon Driedger of Leftfield Commodity Research says that the markets could test new highs in the year ahead, but that small moves over time may be more likely in the year ahead. At the top… Read More
Now is an interesting time to be making decisions on old crop marketing or pulling the trigger on new crop pricing. Some farmers are well set for new crop, but market analyst Jonathon Driedger of Leftfield Commodity Research says there are three key factors that bear watching early in the new year. Looking very big… Read More
New demand for canola oil is driving a wave of expansion in canola processing capacity, and along with it, there’s going to be a large increase in the supply of the main byproduct — canola meal. The amount of canola processed in Western Canada is expected to grow by around 50 per cent in two… Read More
As much as the 2023 growing season and following marketing year are highly unlikely to be as wild as 2022, there’s still plenty of unknowns and volatility ahead. Neil Townsend, analyst with FarmLink Marketing Solutions, says there were definitely head-scratchers in the 2022 season — like when wheat prices shot up, then dropped, then settled… Read More
Where Brazil and Mexico have the potential to emerge as hot markets in the longer term, China is a market that one geopolitical analyst says should be sold to when the opportunity arises, but should not be the centre of a trade strategy. Jacob Shapiro with Cognitive Investments strongly cautions Canada, and the U.S. too,… Read More
Plans have been unveiled for another major soybean crush plant to be built in North Dakota. Epitome Energy LLC has announced the construction of a US$400 million facility on the north side of Grand Forks, North Dakota — approximately 120 km (75 miles) south of Emerson, Manitoba. It marks the third — and most northerly… Read More