Farmers and ranchers have gotten pretty familiar with high diesel prices, but have likely noticed a bit of a relief from last month’s high. Patrick DeHaan, head of petroleum analysis at GasBuddy, says the average price of diesel across Canada right now is $1.81 per litre, down from $1.88 in mid-September. “Any decrease in the… Read More
Category: Markets
Transport Canada has launched public consultations on Bunge’s proposed US$8.1 billion acquisition of Viterra. Transport Minister Pablo Rodriguez decided in September that the combination of the two grain companies warranted a review under the Canada Transportation Act regarding the impact it could have on Canada’s transportation system. Both Viterra and Bunge hold ownership interest in… Read More
The labour impasse between the St. Lawrence Seaway Management Corporation (SLSMC) and the Unifor union appears to have ended after a weekend of negotiations between the two sides. Approximately 360 members of five local chapters of the Unifor union in Ontario and Quebec were on the picket line starting October 22, 2023, after failed negotiations…. Read More
Welcome to the latest edition of our new (how long can we call it that?) monthly podcast: “Frontlines — Geopolitics affecting agriculture,” with Shaun Haney of RealAgriculture and Jacob Shapiro, geopolitical analyst with Cognitive Investments and Perch Perspectives. As you would expect, this episode features a discussion on the Israel-Palestine conflict as it continues to… Read More
Unlike some other North American ports, the St. Lawrence Seaway shipping corridor is seasonal, and the labour dispute holding up product movement is putting serious stress on Ontario’s agriculture sector during the harvest period. An estimated $20 million per day of grain isn’t moving through the St. Lawrence Seaway after members of UNIFOR went on… Read More
Farmers and commodity traders alike have heard plenty of gloomy predictions from market analysts over the past few months. There are a lot of bearish feelings regarding grain markets, Chip Flory of AgriTalk says, but there are signs that commodity prices may be finding support. “The corn market is finding what it needs to do… Read More
There’s always something to cover in the beef and cattle markets, but this week marks a decidedly non-volatile week in trading. Anne Wasko, with the Gateway Livestock Exchange, brings an update from the south to the north and from beef prices to live weights in this episode of the Beef Market Update. The theme of… Read More
Short-term bounces in grain prices should be viewed as selling opportunities in an overall bearish market, according to the president of grain marketing advisory firm IntelliFarm. The lack of bullish news on both the supply and demand sides of the balance sheets for most major crops has resulted in prices sliding over the last few… Read More
Four Saskatchewan farm groups are urging the Saskatchewan government to conduct a thorough risk assessment of Bunge’s proposed $8.1 billion acquisition of Viterra. The leaders of the Agricultural Producers Association of Saskatchewan, SaskCanola, Sask Wheat, and SaskBarley have written a letter to Agriculture Minister David Marit calling for a review of the multinational grain handler… Read More
Ontario-based Hensall Co-op has purchased Gentec Inc., a dry bean seed and research enterprise located in Idaho. The company says the acquisition is a strategic move that underscores its dedication to expanding Hensall C0-op’s value-added product portfolio while diversifying its growing areas, and solidifying access to premium, high-quality seed offerings for its members and customers…. Read More
Three Ontario grain companies are teaming up they say to leverage the members’ unique strengths to offer a more comprehensive approach, focusing on the principle of “farmers helping farmers.” Great Lakes Grain, Bacres Grain Inc., and Wanstead Farmers Co-operative have joined forces in a strategic partnership aimed at providing enhanced services to the agricultural community… Read More
Futures prices for corn, soybeans, and wheat all dropped on Friday on the heels of bearish soybean supply numbers in the United States Department of Agriculture’s (USDA) Sept. 29 Quarterly Stocks Report. Traders were paying close attention to old crop corn and soybean estimates, as a review of the balance sheet was completed. As expected,… Read More
Cash cattle prices have remained “amazingly flat” in recent months, says Anne Wasko of the Gateway Livestock Exchange. “We’ve had basically two months of an Alberta fed cattle market, where we’ve been between $231-$235 per hundred weight. So we’re kind of done for trade up here for the week because of the holiday,” she says… Read More
The outlook for oilseeds like canola and soybeans remains uncertain as harvest gets into full swing across North America, according to Tyler Schau of AgMarket.Net. For canola — which obviously has a much smaller footprint across North America — Schau notes there has been good production in some areas of Canada and North Dakota, though… Read More
Parliament is back in session, and that means it’s time to fire up the political pundit machine! For RealAgriculture, that means the return of RealAg Politics. In this episode, hear from: Debra Conlon, Grain Farmers of Ontario, on Bill C-234, currently under consideration by the Senate ag and forestry committee, and an update on fertilizer… Read More