Wheat markets have rallied this spring, creating some selling opportunities for both old and new crop amidst the busyness of seeding and planting. In this episode of RealAg Markets, host Shaun Haney sits down with Jim McCormick of AgMarket.net to delve into the complexities of the global commodity markets, focusing on wheat and soybean dynamics… Read More
Category: Grain Markets
Farmers waiting for a market rally and continued uptick in crop prices could be waiting a very long time. Instead, Brian Voth, founder of IntelliFarm, draws parallels between the current NBA playoffs and grain markets: grab the bounce and don’t miss the free throw, because that’s about as good as it’s going to get. In… Read More
Pulse crop and plant-based food ingredient company Global Food and Ingredients Ltd. (GFI) is winding down its operations while owing its secured lenders at least $21 million. The Toronto, Ont.-based company bought and marketed peas, beans, lentils, chickpeas and other high-protein specialty crops, operating three handling facilities at Lajord, Sedley, and Zealandia, Sask., and a… Read More
India is nearly half-way through a six-week election period, and the government there is making sure it stays in the citizens’ good graces. That, in part, may have driven the decision by India to further extend a dropped tariff on imported peas out to October. Chuck Penner, founder of Leftfield Commodity Research, says that India… Read More
There’s more work to do to improve where canola’s carbon intensity score ranks in the tax credit regime for renewable fuels in the U.S., according to the executive director of the Canadian Oilseed Processors Association (COPA). After taking a few days to digest the U.S. Treasury Department’s awaited announcement last week of new requirements for… Read More
Let’s hope grain markets fare better than the Winnipeg Jets did in Game 2 of their Stanley Cup playoff game last night, but if they don’t Jon Driedger, disappointed Jets fan and market analyst with Leftfield Commodity Research, says there’s still reasons to sell small into price rallies. Where are we at right now? Big… Read More
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
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