Perhaps the only thing that made 2022 fertilizer prices palatable was the equally high commodity market prices. However, as farmers look ahead to the 2023 growing season, many are wondering if the high input prices are here to stay, even against declining commodity prices. Josh Linville is the fertilizer director with StoneX Financial, and says… Read More
Category: Markets
Saskatchewan’s opposition party is adding its voice to the group calling for an investigation into beef and cattle pricing in Canada. New NDP leader Carla Beck, accompanied by Agriculture Critic Trent Wotherspoon, toured the Ag in Motion farm show this week, and spoke to RealAgriculture about what she sees as priorities for the agriculture sector… Read More
The Bank of Canada surprised many this week, announcing a 100 basis-point increase in its interest rate. The market expected a 75 basis-point increase, and there was discussion of it being lower, not higher. Increasing interest rates are designed to curb inflation, which is climbing at an incredible rate. We want to know: what impact… Read More
The path of least resistance right now for these grain markets seems to be to the downside. That has more than a few analysts shaking their heads, and maybe going a little gray from all the volatility and the stress. Chip Flory, host of AgriTalk, says that there’s all sorts of wild things happening —… Read More
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
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