Bids for peas in Western Canada will likely move higher in the coming months, thanks to lower supplies and strong exports, says an analyst with Mercantile Consulting Venture. Posted prices for yellow peas have recently been in the $6.50 to $7 per bushel range, but as part of this Pulse School episode filmed last week,… Read More
Category: Grain Markets
Canola supplies could be tight by the end of the 2014-15 crop year, depending on who you believe. On one hand, Statistics Canada last week pegged 2014 canola production at 15.6 million tonnes. On the other hand, most of the trade is estimating production at between 14 and 15 million tonnes, with carry-out stocks next summer… Read More
With speculation swirling around the privatization of the Canadian Wheat Board, the chief strategy officer for CWB has published an open letter explaining why much of grain marketer’s commercialization plan is being kept confidential. Although she doesn’t mention Farmers of North America’s offer specifically, Dayna Spiring describes why bids to acquire CWB may have been rejected:… Read More
Grains started the month of December with wheat in the driver’s seat thanks to concerns out of Russia and Australia. In the Land Down Undaa, ABARES, the Aussie version of the USDA, cut its official wheat production estimate by one million tonnes (or about four per cent from its previous estimate) to 23.22 million tonnes,… Read More
Traders and analysts were taken aback by some of the key numbers in the crop production report from Statistics Canada released on Thursday morning. While the market was expecting a higher canola production estimate, it was not anticipating the major increase from the StatsCan estimate of 14.1 million metric tonnes in October to 15.6 million in… Read More
The discovery of avian flu in BC, StatsCan’s latest crop production estimates, Canada’s Outstanding Young Farmers and more — get caught up on this week’s farm news by listening to the TWORA podcast with Kelvin Heppner for December 4th, 2014: Subscribe: Apple Podcasts | Spotify | RSS | All Podcasts
Panel thus morning about Grain Strategies exchange rates, freights, GMO’s, all in buying decisions #GaryinGeneva pic.twitter.com/UItItUj3Hb — Gary Stanford (@senatrstanford) November 13, 2014 Many in Western Canada may be surprised to learn that the Triffid flax fiasco of 2009 is still weighing heavily on the minds of some European customers. That’s according to Gary Stanford,… Read More
Wheat futures have been trending higher for several weeks, and just as some analysts were predicting a peak, they spiked by 20 to 30 cents a bushel on Monday. The possibility of Russia tightening phytosanitary requirements for wheat exports was a factor, says Lorne Boundy, a Winnipeg-based trader with Paterson Grain. “Lots of the concern… Read More
Grain prices closed the month of November generally higher as colder weather and transportation issues in the U.S. helped prices maintain an elevated level. While most Americans were putting the turkey in the oven, OPEC, the cartel of major oil-producing nations like Saudi Arabia, declined to ease their production from the current 30 million barrels-per-day…. Read More
Western Canadian farmers know all too well what kind of impact the logistical challenges of the last year had on local grain prices, but how did the rail backlog impact international customers? How concerned are they about the reliability of Canadian grain shipments? To get a feel for what overseas buyers are saying, I spoke… Read More
By Larry Martin and Derek Albrecht After months of steady decline, Chicago grain futures recently rallied to meet or exceed USDA forecasts in its November grain report. USDA forecast carryover of soybeans at the end of the 2014/15 crop year at 12.5 per cent of use, with a price forecast at around $10. This compares… Read More
Rounding out the middle of November, the markets seemed to pause a bit and then dropped lower as some farmer selling increased and likely the last of U.S. corn and soybeans fields were being harvested for 2014, as most places now have too much snow on the ground. While U.S. soybean crush volumes from October show that… Read More
The outlook for grain and oilseed prices might not be as bad — and the cattle market’s trajectory not as good — as the general consensus, according to our guest on TWORA for November 19th, 2014 (click above to listen.) From the Ag Excellence Conference in Winnipeg, Kelvin Heppner chats with FCC chief economist JP Gervais… Read More
Following the end of the Canadian Wheat Board’s single desk, there was strong interest in growing wheat varieties from classes other than the traditional Canada Western Red Spring wheat that Canada is known for. There was plenty of talk about producing more high-yielding CPS (Canada Prairie Spring) wheat, but two years later, that buzz seems… Read More
This just in — it’s winter. Snow is starting to fall across most areas around and above the 49th parallel, which will limit the ability to take off the remaining U.S. corn and soybean fields (some might have to wait until spring!). The cold could also have a negative effect on the winter wheat which… Read More