June 30 was a big day in 1867: the eve before the birth of this great nation. This year, nearly 150 years later, it marked the end of the trading month, the end of the trading quarter, the final day for Greece to accept new financial austerity measures or make a €1.6 Billion loan payment (they did… Read More

Drought may have surpassed grain transportation as the number one challenge on the collective mind of Western Canadian grain farmers this year, but the need to address long-term logistical challenges should not be forgotten, says an ag economist from the University of Saskatchewan. “In the current situation it looks like basis levels may return to historically normal levels, however if… Read More

Grains had a big week in the markets with everything ending in the green thanks to wet weather in the U.S. Midwest, and drier weather in Western Canada and Europe. November canola on the Winnipeg exchange nearly touched $12/bu, winter corn and soybean contracts pushed above $4/bu and $10/bu (respectively) in Chicago, and we’re starting… Read More

Grain prices started falling back this week as moisture finally hit some areas of Western Canada and reported decent conditions of already-planted crops in the Midwest. There are, however, a significant amount of soybean acres that still have not been planted in major states like Missouri, Illinois, and Iowa because of persistent wet conditions. Ultimately,… Read More

New crop wheat futures fell from recent highs on Wednesday after the USDA published some larger-than-expected wheat supply projections. The USDA’s June reports  were not friendly for prices across the board, says Neil Townsend of CWB Market Research in our conversation below. (Read the WASDE report here and the Crop Production estimates here.) Along with slightly larger domestic production, he… Read More

It’s looking like over a million acres of canola will be or has been reseeded in Western Canada this year, with frost in Manitoba to blame for the majority of those acres. “We’re still getting a handle on how much seed actually moved into the affected areas. We know that between what the retail network moved and… Read More

Wheat futures have dropped sharply this week after spiking earlier this month, as the rising U.S. dollar is once again weighing on American commodities. The currency effect is also being noticed in the oilseed complex, as Canadian canola futures have climbed while soybean values in Chicago have fallen over the last few weeks. Get the latest prices on the Commodity Futures… Read More

The number of flax acres in Western Canada will likely be up this year, but it’s looking like it might not be as high as many analysts and people in the flax industry were expecting. According to Statistics Canada’s planting intentions report released last month, farmers in Western Canada are planting 1.63 million acres of… Read More

 

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