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
Category: Grain Markets
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
The current down trend for grains and oilseeds is being driven by weather here at home and around the world. In just the last couple of weeks the markets have bumped a little off the lows, most notably in corn. Why is that? As Ted Seifried, with Zaner Ag Hedge, explains, it’s all being driven… Read More
Update, June 9: The Canadian government has decided to sign on as a third party in the United States’ request for dispute settlement consultations regarding Mexico’s restrictions on biotechnology in agriculture. The U.S. government’s challenge of Mexico’s ban of genetically-modified (GM) corn for common food uses is being closely monitored in Canada, specifically in the… Read More
The current commodity markets are a key economic indicator, and as many are well aware, in the commodity world the key indicator is crude oil. Where crude goes, so does the rest of the commodities, says Errol Anderson, president of ProMarket Communications Inc., based at Calgary, Alta. As things look according to Anderson, there’s a… Read More
Concerns about drought stress in the U.S. wheat growing area may have bumped the slumping wheat market higher for a day or two, but farmers deciding when to sell both old and new crop need to look at the bigger picture, including the overall economic slowdown, global crop production, and higher interest rates, says the… Read More
The Black Sea grain deal that allows Ukrainian grain exports to continue has been extended by two months, a day before the agreement with Russia was set to expire. Turkey’s President Tayyip Erdogan announced Russia had agreed to the extension early Wednesday, sending grain futures markets lower as the second consecutive 60-day extension allayed concerns… Read More
If you look at the commodity markets as of Tuesday, it’s a bit of a mixed bag, but for the most part — there’s no green on the screen. Jim McCormick of AgMarket.Net joined RealAg Radio host Shaun Haney to discuss what is going on, and where this uncertainty is coming from. As you can… Read More