India has dropped its tariff on lentil exports once again, just weeks after letting a temporary reduction over the summer come to an end. The government published a notice on September 17, 2020 saying it’s “in the public interest” to reduce tariffs on lentil shipments from 30 per cent to 10 per cent (plus a… Read More
The corn market is surprisingly strong due to various factors in the markets these days. Some yield reductions out of the U.S., and some production issues in China may be part of the equation, but there seems to be a little more optimism in the market than is maybe warranted. Brennan Turner, CEO of FarmLead… Read More
In the western Canadian market, there’s currently been a lot of focus on canola, and StatsCan confirmed as much in their latest satellite-based report. Brennan Turner, CEO of FarmLead, says that when it comes to this StatsCan report, he would call himself a believer. Although there have been some yield numbers that Turner’s heard that… Read More
Canada’s biofuel industry is very optimistic about the federal government’s proposed Clean Fuel Standard (CFS), which could potentially create significant new domestic demand for Canadian crops depending on how the regulations are drawn up. The goal of the policy, which has been in the works for several years, is to reduce the intensity of carbon… Read More
Statistics Canada cut its wheat and pea production estimates — and raised its lentil and soybean projections — in its annual September satellite-based crop report, published on Monday morning. It’s the second satellite-based set of crop production estimates issued by the agency in the last two weeks. Due to COVID-19, StatsCan chose to employ its… Read More
Grain markets continued to push higher, led by corn and soybean prices, as a friendly September WASDE report continue to bring more bulls to the table. Going into the report, the complex was focusing on demand line items and supply updates after a tough August of weather, and while the latter was recognized a bit, the USDA did… Read More
The fed cattle market is off a bit, but that’s no surprise as we’re getting closer to flipping the season to fall, and as September rolls around. For this week’s Beef Market Update, Anne Wasko, from Gateway Livestock Exchange, joins us this week from a bit of vacation time on the west coast before the fall… Read More
Grain markets continued their unusual upward trend to start the month of September as, despite some weather concerns and harvest progressing, the bulls are holding fast for the complex. Futures markets continue to be buoyed by some strong new crop export sales and said supply concerns, all of which helped soybean prices climb to new… Read More
Canola, durum, and pulse crop supplies in Canada were significantly tighter than a year ago heading into the 2020 harvest, according to Statistics Canada’s quarterly stocks report published September 4th. Total stocks of canola as of July 31 were down by over one-third (-34.3 per cent) year over year to 2.7 million tonnes, says the… Read More
Canadian lentils headed to India are once again facing a steep import tariff after a short reprieve that saw plenty shipped into the massive South Asian market this summer. India’s import levy on lentils from all countries except the U.S. has reverted to 30 per cent, plus a 10 per cent tax on that amount… Read More
The recently released Statistics Canada report projected canola production to decline by 0.4 per cent to 19.4 m tonnes for 2020. Yields are expected to be up, with harvested area down. “In terms of their estimate for production, in our opinion it’s a bit on the light side, our estimate is just shy of 20… Read More
The satellites say: more wheat and corn, less soy and canola are headed to farmers’ bins this fall. Statistics Canada released its preliminary crop production estimates on Monday, which are based on a model that includes satellite data, rather than farmer surveys. “To alleviate stress on farmers during the COVID-19 pandemic, Statistics Canada relied upon… Read More
Grain markets all struck green this week as some production concerns, combined with decent export activity helped spur the complex higher. With the crop year changing over to 2020/21 on Tuesday, September 1, corn and soybeans futures led the charge as yield potential is being challenged more and more (thanks Mother Nature!) Put another way,… Read More
It’s a great day to talk grain markets, because, hey, the funds are in and the numbers are looking good! And so we kick off this RealAg LIVE! segment with market analyst Wendy White of Viterra. From where the good news on crop prices is coming from, to supportive moves in canola exports, and on… Read More
Grain markets were able to rebound in the 3rd week of August as crop tour results and some technical buying help moved the complex higher. While we’ll dig into the ProFarmer crop tour results in a bit, corn and soybean prices weakened towards the end of the week on both farmer and technical selling, as… Read More
Register for a RealAgriculture account to manage your Shortcut menu instead of the default.