Grain markets worked through the third week of March with weather headlines drowning most of the Chinese trade issues in the U.S., but it was the opposite in Canada. In outside markets, global stocks and bond yields fell on Friday as fresh data points have amplified some thinking about a weakening world economy. On Thursday,… Read More
Over the weekend, Members of Parliament held an emergency meeting to discuss the restriction of canola shipments from Richardson International to China. The news of the blocked shipments broke about two weeks ago, and China import officials say the revoked cargo was due to ‘hazardous pests’. Brandon-Souris MP, Larry Maguire says other MPs wanted this emergency… Read More
At a time when farmers are hammering out final crop plans, ranchers and feedlot operators are also looking ahead to ration formulations ahead of the first new-crop harvests. To get a sense of western feed markets, RealAg Radio host Shaun Haney invited Jim Beusekom, president of Market Place Commodities Ltd., on stage at the recent TechTourLIVE… Read More
Grain markets were able to climb off the lows this week as some bullish factors have started to come into play, as well as some technical relief. To start off, after the largest funds’ net short position since January 2018 helped test new contract lows last week, corn prices have picked up their socks a… Read More
The news The Canadian International Grains Institute (Cigi) has received $6.2 million in funding from the federal government, announced by new Agriculture and Agri-Food Minister, Marie-Claude Bibeau. Cigi is based at Winnipeg, Man. The funding is earmarked to expand the market for Canadian wheat through technical support, market research, employee exchanges, and customized training for customers… Read More
There are a lot of anxious canola farmers in Canada at the moment – and with good reason. One of the most important export markets for Canadian canola has suspended imports from one of Canada’s largest and most storied grain companies, Richardson International. The most common feeling seems to be that it is just politics… Read More
The USDA released its February 1st Cattle on Feed Report on Friday. According to the report, cattle and calves on feed in feedlots with capacity of 1,000 or more head totalled 11.7 million head. The inventory was slightly above February 1, 2018. Placements in feedlots during January totalled 1.96 million head, 5 per cent below… Read More
Grain markets were served up a monthly WASDE report on Friday, March 8th, but the numbers didn’t bring any new bullish feelings to the table. Most of the numbers that the USDA produced were either pretty close to their February WASDE number, or the pre-report estimate (which, as you can tell for yourself below, were… Read More
When news announcers talk about “geo-political uncertainty,” or “bi-lateral trade disputes,” it all seems quite remote from the lives of most people. For Canadian farmers, though, it often hits very close to home because the overwhelming majority of Canadian agricultural production is exported. This is why when news that one of the Canada’s largest agriculture… Read More
The Canadian canola industry was dealt a serious blow this week, and as the dust settles, farmers and industry are wondering if this is could be the first volley in a impending trade war. Reuters is reporting China has canceled Richardson International Ltd.’s registration to ship canola to the country. This is according to documents obtained… Read More
Flipping the calendar at this time of year is less about leaving something behind and more about looking ahead — in this case, it’s on to planting and seeding. For areas of the southern U.S., time is already ticking and wet conditions are holding back planting, even while farmers in Ontario and parts of the… Read More
Grain markets this week were mostly lower on a technical sell-off and a lack of bullish headlines to push things higher. After starting the week out in the green, the complex flipped the calendar into March on some fresh multi-month lows. Digging in corn prices, were the best performer, only losing about 10 cents in… Read More
Every year in February, ag policy wonks, market followers, and politicians gather in Washington, D.C., for the USDA Outlook Forum. Not only does USDA release its forecasts for acres and production numbers, but the conversations also fill the hallways. Most years, the focus is on the fundamentals, but with so many trade patterns very cloudy… Read More
Grain markets finished their third week of trading in February — one shortened by a day because of national holidays in Canada and the U.S. — on a strong note, namely because of positive announcements from American-Chinese trade war talks. While the week started out rather weak, especially in the wheat complex, Friday’s announcement that China has… Read More
It’s a mid-week Beef Market Update, and although we always love and appreciate having Anne Wasko from the Gateway Livestock Exchange on the show, she says what she’s about to say might not make people too happy. Wasko says there’s two very different scenarios unfolding in the markets currently, and the good and the bad… Read More