Canada’s Competition Bureau is raising “substantial competition concerns” with Bunge’s proposed acquisition of Viterra. The US$8.1 billion deal announced in June 2023 would likely harm competition for canola grown near Bunge’s crush plants in Western Canada, and the supply of refined canola oil in Eastern Canada, according to a report published by the Bureau on April… Read More
Category: Grain Markets
Geopolitics, interest rates, currency fluctuations, market demand and the weather — there’s much for farmers to consider when making business decisions in a volatile market. Meteorologist and market analyst Shawn Hackett says it’s important for farmers to have a good understanding of all the factors that can impact prices to build effective marketing strategy. At… Read More
The big corn Ontario crop of 2023 is doing what analysts suspected it would to cash prices — and it’s not a rosy picture. Phil Shaw, market analyst and farmer from Dresden, Ont., says that a seasonal post-harvest rally didn’t even happen, which was a little surprising, and Ontario farmers have got plenty of corn… Read More
GrainFox, a subsidiary of Farmlink Marketing Solutions, has announced its entry into the U.S. market via a partnership with Chicago-based market advisory firm AgResource. “We are thrilled to announce our partnership with AgResource as we expand into the U.S. market. This collaboration is a testament to our commitment to providing producers and agribusinesses with the… Read More
Canadian farmers will be planting more pulse crops, oats, and durum in 2024. Acres of corn and soybeans are expected to be similar to last year, while wheat and canola area is expected to drop slightly, according to Statistics Canada’s acreage estimates published on Monday, March 11. Most of the estimates were within the range… Read More
Houston, we have a problem — and it’s larger-than-ideal crop supplies available combined with lagging demand for some oilseed and crush byproducts. That’s at least part of what is going on in the oilseed complex, says Tyler Schau of AgMarket.net. He spoke with Shaun Haney at Commodity Classic last week held at — you guessed… Read More
Have you got your bushels covered? Matt Bennett of AgMarket.net says that if farmers still have a lot of unpriced grain, it’s going to take some work to minimize losses in the next few months. Bennett spoke to several farm audiences at Commodity Classic at Houston, Texas, this week and he says farmers are listening… Read More
Sales of new tractors and combines have slowed down from a year ago, almost certainly due to lower commodity prices and higher interest rates. Combine and four-wheel drive tractor sales ended 2023 up slightly while sales of small tractors were down — in both the U.S. and Canada “As we look ahead to 2024, we’re… Read More
After rolling through a boom and bust cycle over the past few years, the oat market is searching for stability in both supply and demand heading into the 2024 growing season. Record high prices and seeded acres in 2022 led to a dramatic decline in prices and production in 2023. Acres are expected to increase… Read More
The race is on among canola processing companies to supply growing demand in the U.S. for canola oil as a feedstock for lower carbon-intensity fuels. Construction is underway on three of five planned canola crush projects in Saskatchewan, notes Chris Vervaet, executive director of the Canadian Oilseed Processors Association (COPA), in the interview below. Cargill,… Read More