The United States Department of Agriculture (USDA) is out with its June World Agricultural Supply and Demand Estimates (WASDE) report. There were no major surprises in the report, but markets saw another sell-off following its release. After a number of rain instances in some of the wheat growing zones, the outlook for wheat this month… Read More
Category: Markets
Farmers in Western Canada can be forgiven for feeling just a little hesitant when pricing new crop earlier this year, given how many were on the wrong side of a grain contract after the drought of 2021. But even the most risk averse farmer has had an opportunity to price into a heck-of-a market…until now…. Read More
If the best offence is a good defence, the reverse is also true. Momentum is a wave that’s always better to ride when it’s working in your favour. Since the fall of 2020, it has paid major dividends to grow and hold. Crop inventory has been in very tight hands and for very good reason…. Read More
Watching the commodity markets was exciting for many producers, until it wasn’t. The decline of prices that we’ve seen over the past week has been a blow to the optimism for this year’s crop; however, it may be more palatable if there was some overarching reason as to why the sell-off. But any clear reason… Read More
As the large pricing gap continues between cattle producers, feeders, packers and retailers, the Saskatchewan Stock Growers Association (SSGA) is now looking for answers from the Canadian federal government as to why and what can be done about it. Although the price gap concerns have been looming for quite awhile, it has widened since the… Read More
Farmers across Canada planted more wheat, oats, corn, and mustard this spring, and cut the number of acres growing canola, barley, and dry peas, according to Statistics Canada. The number of summerfallow acres also climbed by more than 35 per cent (to 1.8 million), based on the June Field Crop Survey results, published July 5…. Read More
As you look at growing conditions across the Prairies, it’s extremely variable . Too hot, too dry, too wet, too cool — the conditions range, which makes looking at production numbers a bit tricky. Chuck Penner, of LeftField Commodities Research says although there are a lot of big question marks, overall, production seems to be… Read More
Ceres Global Ag Corp. has suspended plans to build a canola crush plant and refinery along the Canada-U.S. border at Northgate, Saskatchewan. The publicly-traded company says it has decided to halt the project “due to a variety of factors, including but not limited to, inflationary pressures resulting in higher costs than initially projected and shifting… Read More
What goes up must come down, but if you’re waiting for deflation to begin any time soon, you may be in for a long wait. Inflation — and the increasing interest rates designed to put a pin in it — is top of mind for every economist right now, and Farm Credit Canada’s chief economist… Read More
Grain markets are losing some steam as summer starts to heat up, but it’s not the dry corn crop that’s driving the sell-off. Joe Vaclavik, founder and president of Standard Grain based in Tennessee, says that yes, weather is front and centre for those with plenty of experience trading agriculture commodities, but there’s far more… Read More
Commodity prices this spring has made watching the markets an exciting part of nearly every day, especially for farmers who are anticipating a satisfactory yield and who are biding their time locking in prices. However, with many volatile factors contributing to those prices, experts are saying to weigh options carefully and take assurances where you… Read More
The Canadian government is contributing up to $100 million to minimize the carbon emissions from BHP’s new $7.5 billion potash mine at Jansen, Saskatchewan. The federal contribution from the Strategic Innovation Fund was announced by François-Philippe Champagne, Minister of Innovation, Science and Industry, and Marie-Claude Bibeau, Minister of Agriculture and Agri-Food, alongside BHP’s CEO Mike Henry,… Read More
After a dreary few weeks, we’re starting this episode of the Beef Market Update on a positive note. Anne Wasko, of the Gateway Livestock Exchange, says on her ranch in southwest Saskatchewan, they got some rain, and hey, the markets are on the way up. The markets started out this week slow, but quickly picked… Read More
Discussions are underway on whether or not a new beef packing facility would be viable in Saskatchewan. The industry has sustained healthy margins over the past two-and-a-half years and with Saskatchewan being the literal breeding ground for upwards of one million cows, it’s no wonder the province is up for consideration. Saskatchewan Stock Growers Association… Read More
From drought conditions, poor market prices, high input costs, and on-going costs for health maintenance, many western Canadian cattle producers are starting to question how much longer they can stay afloat. Some producers who are in drought-ridden areas are looking at selling off a portion of their herd out of necessity as their pastureland can no… Read More