It’s been a quiet week on the cash market. According to Anne Wasko, of Gateway Livestock Exchange, she calls it a bit of a “see-saw week” as the U.S. Thanksgiving weekend just wrapped up. “There’s bids out there that are kind of similar to last week, at $116 from southern U.S. cattle feeders, and $119 or higher, so… Read More
Grain markets traded mostly lower this week as the complex dealt with thin volume on the shortened trading week, due to the U.S. Thanksgiving holiday. More broadly, grain markets are watching for any news on trade negotiations between the U.S. and China. Weather out of South America is usually a catalyst for this time of… Read More
The green light has been given to Parrish & Heimbecker, Limited (P&H) to build and operate a new export facility located at Surrey, B.C. The company received approval from the Vancouver Fraser Port Authority just last week. Construction is expected to start before the end of the year, and once completed — in roughly two years —… Read More
Grain markets trekked through the middle of November fairly mixed as for the week with soybeans making strong gains, but corn and canola losing ground. Similarly, Minneapolis HRS wheat and Kansas City HRW wheat ended the week lower, but SRW wheat and oats futures in Chicago actually made some healthy gains. Most of the week… Read More
Grain markets ended this past week all lower as the complex took note of some larger inventories in this week’s November WASDE report, and not the smaller U.S. yields. Updates from China’s National Bureau of Statistics (NBS) were incorporated into this month’s WASDE report. Basically, if not for China, this might be considered a bit… Read More
When farmers talk about commodity markets, the conversation most often focuses on the fundamentals — everything from supply and demand to crop carryover. Rarely do you stumble upon a conversation where technical market analysis indicators are being hotly contested over coffee. Technical analysis, basically forecasting the direction of prices through the study of past market data,… Read More
Export Development Canada (EDC) released its global outlook for next year, with strong growth projected in all provinces and on the national front. The value of total exported goods are expected to rise by four per cent. The rise follows a strong year for 2018, with exports forecast to be up six per cent. Manitoba… Read More
So often grain markets take the stairs up, but the elevator down. If you’re getting dizzy watching global trade and global markets racing up and down like a rollercoaster, you’re likely wondering what the impact is of all this volatility. Craig Klemmer, principal agriculture economist for Farm Credit Canada, joins Shaun Haney for a frank… Read More
Late last month, Canada became the fifth country to ratify the CPTPP. Australia then ratified shortly thereafter, triggering the 60-day countdown to this international trade deal moving to implementation. CPTPP has huge potential for Canada’s beef industry, says John Masswohl, director of government and international relations for the Canadian Cattlemen’s Association. “The clouds have parted and we… Read More
On the verge of winter, ranchers are in full winter prep mode, feedlots are full, and Canadian packers are going at full steam. Cash markets, however, are a little light on action, and to talk about what that’s about, RealAg Radio host Shaun Haney checks in with Anne Wasko, with Gateway Livestock Exchange. In this edition… Read More
Grain markets were able to find gains as they entered the first few days of November, mainly driven by some rumour-driven optimism around the trade war between the U.S. and China ending sometime soon. After posting a monthly low to end October, soybean prices jumped about 4% in a few minutes on Thursday after a… Read More
Ever since the great recession of 2008, interest rates have been ‘abnormally’ low. Although there has been noise about rising interest rates, the economic argument has been weak. But the economy is getting stronger, and along with that the argument to raise interest rates is also getting stronger. In this interview RealAg Radio host Shaun… Read More
Grain prices this week dipped lower as the complex dealt with some U.S. export numbers that came in below expectations and harvest 2018 picking back up. However, things might slow again soon as it looks there are a few spots that might get rain over the weekend or into next week, which would intuitively slow… Read More
Grain markets this week mostly ended lower as the complex dealt with the pace of Harvest 2018 picking back up. The losses were mitigated by a mostly positive day of trading though on Friday, which helped canola and oats end the week in the green. On that note, I’ve been getting a lot of questions… Read More
Year-to-date Canadian beef exports are up about 4%, and that’s just some of the good news Anne Wasko, market analyst for Gateway Livestock, has for us in this mid-October edition of the Beef Market Update. Occasional host Lyndsey Smith and Wasko cover the most recent cattle on feed numbers for both Canada and the U.S…. Read More