Farmers across Canada may have planted slightly more canola and wheat than expected, if Statistics Canada’s acreage estimates prove to be accurate. The agency released its June field crop survey results on Wednesday (June 28), and it underlined a shift away from pulses and smaller acreage crops toward growing more canola, wheat, soybeans, and corn…. Read More
Category: Grain Markets
Richardson International has announced plans to upgrade eight elevators located on Canadian Pacific Kansas City rail lines in Western Canada. The work will allow these sites to load longer trains under CPKC’s 8,500-foot high efficiency product (HEP) model. The company says construction is set to begin at Richardson Pioneer locations in Alberta, Saskatchewan, and Manitoba… Read More
For many, branding season is quickly coming to a close. Calves are moving out to grass where possible, and the summer season is underway, says Anne Wasko of the Gateway Livestock Exchange. On this week’s episode of the Beef Market Update, host Shaun Haney and Wasko discuss a few key topics including western Canadian cattle… Read More
A well-written contract should spell out the risk and responsibilities of both parties involved. In agriculture, grain contracts spell out expectations, but the Agricultural Producers Association of Saskatchewan says current contracts don’t go far enough to manage farmers’ risk. Following an estimated $60 million in farmer losses due to cancelled contracts with one grain buyer… Read More
EPA announced a final rule Wednesday to establish renewable volume obligations (RVO) and associated percentage standards for cellulosic biofuel, biomass-based diesel (BBD), advanced biofuel, and total renewable fuel for 2023–2025. The industry had been waiting for this final rule after a disappointing proposed rule months ago. Stakeholders’ reaction to the final rule was consistently negative,… Read More
Corn and soybean markets are all about supply right now, while wheat markets are waiting on demand news to find some strength. The persistent dry bias for huge areas of the U.S. and Western Canada are definitely impacting grain markets. That’s according to Darin Newsom, senior market analyst at Barchart. The current weather market has… Read More
The results of the Canadian Farmer Sentiment Index for May 2023 have revealed a concerning trend of negative sentiment among farmers. From financial performance to government support to crop marketing, there has been a noticeable slide towards pessimism. While the decline in market prices explains much of this sentiment, there are underlying factors that should… Read More
The official announcement this week of a deal to merge Bunge and Viterra raises a series of questions about how farmers, customers, and both companies’ operations will be affected by the marriage of the two global agribusinesses under the Bunge name. When it comes to the Canadian market, farmers and politicians are voicing concerns about… Read More
Pessimism abounds in the Canadian farm industry, according to the May results of the Canadian Farmer Sentiment Index. Over 400 farmers weighed in on the RealAgristudies survey, which asked for opinions on a range of issues including confidence in grain marketing, the direction of the industry as a whole, and an assessment of governments’ handling… Read More
There are some topics that can be covered in a snippet — perhaps a three or four minute recap or update on the latest happenings. The current status of Russian’s war on Ukraine and the cascading impacts on everything from grain markets to geopolitical leader wrangling is not one of those topics. In this lengthy-but-very-worth-the-listen… Read More