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
Category: Grain Markets
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
Farmers sitting on unpriced grain aren’t going to love this week’s market report from Neil Townsend, market analyst with Grainfox. But not liking it doesn’t change the facts: there’s plenty of grain out there and buyers know they can get what they need at a lower price than many want to accept. Townsend, in this conversation… Read More
What do you get when two Canadians descend on the Northern U.S.? Why, a pulses market outlook, of course. This week, Chuck Penner of Leftfield Commodity Research, was a keynote speaker at the Northern Pulse Growers Association AGM. Shaun Haney hosted RealAg Radio from the meeting, and that gave the pair a chance to talk… Read More
The nitrogen fertilizer market is expected to remain firm heading into the ’24 planting season thanks to several global supply/demand factors, according to ADM Fertilizer’s Saskatchewan-based urea product line manager. With natural gas prices in Europe having dropped precipitously from their highs in 2022, the nitrogen market has turned its attention elsewhere, explains Noah Bishop,… Read More
It’s time for the Frontlines podcast! Shaun Haney is joined by Jacob Shapiro of Cognitive Investments, to tackle the top geopolitical issues impacting agriculture. Up for discussion in this episode: Skirmish in the Red Sea — the U.S. is working to stop Iran-backed Houthi attacks in the shipping lane Logistics are definitely impacted, but is… Read More