COVID-19 has really thrown a lot of the economic forecasting out the window for the Canadian economy. The big question is, how quickly we can get back to normal? Glen Hodgson, fellow-in-residence at the C.D. Howe Institute at Toronto, Ont., joined Shaun Haney for a chat about our country’s economic forecast. The economy rode a… Read More
As June winds down to a close, the United States Department of Agriculture (USDA) rolls out its revised acreage report. The latest report brought some surprises, to say the least, as some numbers were a significant revision from March, 2020. It is safe to say the market was a little shocked, as the USDA came… Read More
Grain markets took a pretty serious tumble to end the last full week of trading in June as beneficial rains fell, or are forecasted to fall on the large majority of North American growing regions. Thanks to said precipitation, the bearish players pushed corn and soybeans to fall every single trading session this past week,… Read More
Is canaryseed the itchiest of the crops? Will StatsCan find more canola? Why are Amercian farmers so reactive to incentives but Canadian farmers less so? These are just some of the questions posed during this RealAg LIVE! Q&A with Neil Townsend, of FarmLink Marketing Solutions. Listen/watch here, and check out the summary below: There are… Read More
Grain markets ended this past week rather mixed as demand and weather are supporting some crops, but not others. Winter wheat prices continues to pressured by harvest accelerating, while spring wheat and canola found strength on some technical factors and dryness in Western Canada. Despite some favourable long-term temperature & rainfall forecasts for most of… Read More
Looking back even just six weeks ago, few would have thought it would be possible to be back at the cattle processing levels that we currently are in Canada and the U.S. Anne Wasko, of the Gateway Livestock Exchange, says that many changes have occurred over the past few weeks during the face of COVID-19…. Read More
If there are any outliers in the rather bearish grain complex right now, Brennan Turner, founder of FarmLead and the Combyne marketplace, says wheat and maybe even soybeans deserve the title. Even though the latest WASDE says we’re set for record global ending stocks for the yea, the COVID-19 pandemic has meant a boost in… Read More
Fusarium head blight (FHB), caused by the fungus Fusarium graminearum, is a major concern for wheat growers across the Prairies. The fungus affects grain yield and produces mycotoxins such as deoxynivalenol, or DON, that accumulate in grain. The presence of DON leads to a downgrade in quality when that grain enters the market. Victoria Linden, director… Read More
Grain markets closed mixed this past week as demand interest from China supported soybeans (and canola followed) while all other crop prices fell on expectations of bigger crops. In the June WASDE report, released on Thursday, the USDA showed the market weaker ethanol demand and a bigger U.S. winter wheat harvest. Supporting grain markets before… Read More
Corn is king in the commodity markets, and right now there’s probably more than a few farmers who wish the king would abdicate the throne. If fund buying is an indicator of upside potential, there’s most certainly not much reason to be bullish with corn, says Wendy White, manager of grain marketing for Viterra’s central… Read More
As RealAgriculture’s Shaun Haney puts it: the interesting, fascinating beef market continues. Currently, there’s huge separation between the June live cattle futures and the cash price, with many taking bets on how that gap closes. Bulls believe there is pent-up demand while bears see a weak economy and restricted demand for the most expensive cuts,… Read More
Grain markets ended the week mixed as a stronger U.S. Dollar led to some profit-taking on Friday, somewhat capping the substantial gains made in soybean prices. Conversely, wheat prices were set to close positive for the week but Friday’s strength in the U.S. Dollar, profit-taking, and increasing winter wheat harvest activity turned the complex red…. Read More
Over the past month I’ve been asking commodity analysts and economists to speculate on whether we would see a $0.65 or $0.75 dollar first. All but one analyst replied — generally with great resolve — that $0.65 was the correct bet. That is not looking to be the case at at this point, as the… Read More
India has signalled a move to reduce the tariff on incoming lentil shipments received by August 31st. An official from the National Agricultural Cooperative Marketing Federation of India Ltd. says that India will reduce the lentil tariff from 30 per cent to 10 per cent (plus a 10 per cent tax) for shipments arriving between… Read More
With tensions rising between the U.S. and China in the last ten days, questions are mounting regarding China’s ability to meet its Phase One trade deal obligations. China provided a major shot across the U.S. bow early Monday (June 1) when Reuters reported that President Xi had instructed Chinese state-owned COFCO and Sinograin to quit… Read More