About 600,000 tonnes of Canadian red lentils and about 60,000 tonnes of green lentils head to India each year as a daily staple for thousands of India’s citizens. It’s an incredibly important export destination for Canadian pulses, and one that could be in jeopardy as tensions build between the two countries following Canada’s accusation of… Read More
Category: Markets
Current dynamics of the fertilizer market are quite different from where they were just one year ago. That said, there are still big demand questions, geopolitical pressures, and logistics issues yet to be hammered out — they’re just in different places this year. To unravel the complex trade flows of phosphorus, potassium, and nitrogen fertilizer,… Read More
If you’ve been watching live cattle futures, you know there is some significant strength making an appearance. The Chicago Mercantile Exchange (CME) has been hitting new contract highs when it comes to live cattle futures — signalling strong demand and prices for cattle feeders in the United States. However, as Anne Wasko of the Gateway… Read More
After years of forward momentum on a trade deal with India, it seems progress has stopped, at least for now, as there are reports the Canadian side has paused negotiations. What exactly has transpired over the last few weeks is perhaps only known by those in the room, but the outcome — one of continued… Read More
Markets came under pressure following the release of the U.S. Department of Agriculture’s September supply/demand report on Tuesday. The USDA boosted its harvested area for corn by 774 thousand acres to 87.1 million acres, resulting in a U.S. corn production estimate of 15.1 billion bushels — slightly above trade expectations. The average corn yield for… Read More
We often hear that farming is a risky game, due to a massive amount of variables. When you have risk, you need to do what you can to make sure that you’re limiting the potential downside. It’s not realistic to make a farm business risk-neutral, but we can limit the exposure to losses through risk… Read More
Now is the time for the beef markets to take a bit of a breather, as the retail buying is done headed into the Labour Day long weekend, and we wait for things to really start to pick up after September for Q4. Anne Wasko of the Gateway Livestock Exchange explains in this episode of… Read More
If you followed along on the ProFarmer yield tour last week, you’ll know that temperatures were not kind to the field scouts, with day time temps soaring well above 100 degrees F. Ted Seifried, chief market strategist for Zaner Ag Hedge, has been on the tour nine times, and says this has to be one… Read More
Statistics Canada (StatsCan) released the model-based principal field crop estimates report earlier this week. It is no real surprise to anyone that there were some pretty big year-over-year production cuts across a lot of commodities. Brian Comeault of Farmers Business Network (FBN), joined RealAg Radio host Lyndsey Smith to discuss the latest report, and dig in… Read More
The ability to stay within maximum residue limits (MRLs) can make or break a grain deal. Export markets keep a keen eye on whether imported crops meet specific tolerance for disease, toxins and pesticide residues, and MRLs play a key role in facilitating trade and establishing the ground rules for global market accessibility. Earlier this… Read More
Brian Grete, editor of Pro Farmer, uses one word to sum up this week’s crop tour: hot. But it’s not crop yield that’s sizzling, but the crop itself. Extremely hot temperatures followed the team of nearly 100 field scouts on the four-day tour of seven states collecting over 1800 corn and soybean samples, he says…. Read More
Big things happen in a big world and yet somehow the grain markets are still transfixed by what number the ProFarmer Tour is likely to come out with on Friday regarding corn production estimates for the U.S. Neil Townsend, Grainfox market analyst, says it’s a bit strange to think that Russia can literally bomb infrastructure… Read More
We’re midway through August, and the cattle market is beginning to pick up on both sides of the border. Beef market prices are continuing to improve, but questions surrounding whether demand can sustain a higher cutout are looming around as well. This week’s episode of the Beef Market Update takes a look at all of… Read More
Government policies that promote the adoption of electric vehicles (EVs) are unlikely to make a major dent in future demand for renewable diesel, says an author of a recent report on the future of the renewable diesel market. Unlike biodiesel, renewable diesel can be directly substituted in diesel engines. Production capacity in the U.S. is… Read More
What on earth is happening right now with canola and spring wheat prices? Call it a 2021 hangover or the cruelest of come-downs, but many farmers are watching crop prices with just a pinch of melancholy as the bears seem to be making themselves at home again in the canola and spring wheat markets. To… Read More