Bunge is finally starting operations at its new canola processing plant at Altona, Manitoba. “The edible oil refinery is operating and we are testing the crush plant,” confirmed Deb Seidel, a spokesperson for Bunge North America, in an email on Friday. The new facility is designed to process 2,500 metric tonnes per day — more than double the volume of… Read More

There were no major surprises for the corn and soybean markets in the USDA report published on Friday, however the wheat ending stocks projections were lower than the trade was expecting. The smaller stocks, together with funds short-covering, have provided some support to wheat futures over the last week, explains Austin Damiani, commodities broker with Frontier… Read More

Farmers of North America is urgently seeking farmers willing to invest in acquiring a majority stake in CWB (formerly the Canadian Wheat Board.) The “farmer business alliance” has hosted dozens of farmer meetings across Western Canada over the last few weeks — right in the middle of harvest for most potential investors. While the plans that… Read More

Grain prices started the month of October the same way they’ve been trending for the last five months: lower. Last week saw two important reports from the USDA and Statistics Canada, recording grain inventories and ’14 production estimates respectively. With some of the earliest-planted fields of corn and soybeans coming off in the American Midwest,… Read More

It’s estimated 70 to 80 percent of the barley grown in Western Canada was affected by heavy rains and snow in early-to-mid September. Factor in the 31 percent decrease in overall barley production estimated by Statistics Canada in its report out Friday morning, and the math is simple; barley that qualifies for malt will be harder to… Read More

After trading at a significant discount to soybeans last year, contrasting production scenarios have resulted in canola gaining value relative to soybeans over the last few months. “Historically canola futures have traded $80, sometimes even $100 higher than soybeans. Last year was exactly the opposite,” explains Chuck Penner of LeftField Commodity Research. “What we’re starting… Read More

With no major production challenges anywhere in the world, grain and oilseed prices have fallen to levels we haven’t seen since 2010. So how low can they go? That’s the question Frayne Olson, crops economist and marketing specialist at North Dakota State University, tries to answer in the interview below. Looking at historical charts for… Read More

Grains this week fell significantly as harvest pressure starts to hit full tilt in the North American markets. Most of the northern half of North America and parts of Australia are experiencing some cold weather, which has the bulls frothing to see prices move higher, but the trend continues to head lower as bears are… Read More

Snow and freezing temperatures arrived earlier than welcomed in parts of Western Canada this week. We also saw a bearish market report from the USDA and some new developments surrounding the privatization of the Canadian Wheat Board. It was also a week on the road for the RealAg team, as Shaun, Lyndsey and Bern attended… Read More