The Canadian Grain Commission has announced that they will be compensating producers who were not paid for grain delivered to Global Food and Ingredients Inc. (GFI) upon its winding down of operations, though not at 100 per cent of owed value. The CGC says that producers will be compensated at 75 per cent for their… Read More
Category: Grain Markets
The Canadian Grain Commission has announced a new plan for using a large portion of the nine-figure surplus it built between 2013 and 2017 from fees for grain inspection and weighing that were ultimately passed down to farmers. To stop the accumulation, the federal grain industry regulator lowered its fees several times between 2017 and… Read More
When a market analyst tells you to “reward the market” by selling in to a rally, what does that actually mean? Is 20 cents enough? What about 50 or 60? Does it depend on the crop? The exact number of upward movement is probably different for everyone, says Tyler Schau, market analyst with AgMarket.net, but… Read More
Every now and then expected seasonality offers a surprise for grain growers. For fall of 2024, commodity markets are moving ever so slightly against seasonal trends and are actually edging higher ahead of the coming corn harvest. Ranulf Glanville, market analyst with Grainfox, says that market behaviour right now offers farmers some reasons to be… Read More
The USDA will roll out its latest production report this coming Monday, and farmers and analysts alike are hoping it provokes some market action to the upside. Scott Shelladay, host of The Cow Guy on RFD-TV, says that next week’s report will be crucial to grain market moves, markets that have been weathering news of… Read More
The provincial grower groups from Alberta, Saskatchewan, Manitoba, and even Ontario have ponied up funds to support the Global Agriculture Technology Exchange, kicking off the $100+ million funding campaign. News of the support came last week, and reaction has been mixed, as is often the case when producer groups commit large funds to a project…. Read More
Update: As of 7am Pacific time on Tuesday, workers represented by the Grain Workers Union at the six main grain terminals in Vancouver are on strike. Grain exports from Western Canada could face another major labour disruption starting Tuesday. 650 workers at the six main bulk grain terminals at the Port of Vancouver could legally… Read More
The board of directors for a large farmer-owned grain elevator in western Saskatchewan has decided to idle its facility as a result of negative margins that it anticipates will continue into next year. North West Terminal Ltd. (NWT) at Unity, Sask. is suspending all purchases of grain, and has cancelled its elevator license with the… Read More
A report by Capstone Partners outlines what it will take for widespread farm profitability to return to North American agriculture and how long it may take. Those hoping for a quick reversal of the downward market and profitability trend are likely to be disappointed, as some estimates puts a return to much better financial times… Read More
India has extended its exemption of 50 per cent duties on yellow pea imports by another two months. On Friday, India’s directorate general of foreign trade published an order delaying the expiration of the import tariff exemption from October 31, 2024 to December 31, 2024. The Indian government originally lifted the prohibitive duties on pea… Read More