Grain markets, with the possible exception of soybeans, appear to have bottomed out and are showing signs they’re entering a period of sideways trade, says the president of grain market consulting firm Intellifarm. He’s not feeling bullish yet, but after striking a negative sentiment in his regular appearances on RealAg Radio over the last two… Read More
Category: Grain Markets
A trio of investors are bringing together several existing crop-handling facilities in Saskatchewan to launch a new pulse and specialty crop company. Harvest Grain Ltd., which already owns canaryseed processor Bornhorst Seeds Ltd. at St. Gregor in northeast Saskatchewan, says it has acquired full ownership of specialty crop handler Harvest Milling at Fillmore, in the… Read More
Canada’s Agriculture Minister Lawrence MacAulay is quietly heading to China on an unannounced trip to work on mitigating harm from potential Chinese duties on Canadian canola. The timing and magnitude of possible tariffs or restrictions on Canadian canola are still unclear, but the industry is bracing for the possibility of retaliatory measures taking effect in… Read More
Initial market reaction to an incoming Donald Trump presidency has been positive for most financial markets, however commodity market moves haven’t been as decisively upward as the market digests several unanswered questions. Neil Townsend, market analyst with Grainfox, says the very early reaction on Wednesday trended a little negative, even, and that’s not likely a… Read More
Farmers have been slow to price crop and while that won’t drive prices higher, it could be playing a factor in providing a bit of a floor for crop prices, says Jon Driedger, market analyst with LeftField Commodity Research. Markets are definitely a little ho-hum these days, he says, with most crops being range-bound. Canola… Read More
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
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