Prime Minister Justin Trudeau will be raising the subject of Canadian canola imports during his trip to China this week, according to the federal agriculture minister. Exports to Canada’s largest canola seed customer are facing an uncertain future, as China plans to implement tighter import restrictions on September 1st. The 1 percent dockage standard would increase costs for… Read More
Category: Markets
The grain market was filled with lots of pictures this week, thanks to scouts testing Twitter’s ag photo limit by uploading shots of corn cobs as the annual Pro Farmer crop tour ran from Monday to Thursday. The tour showed numbers that came in about 5 full bushels below the U.S.D.A.’s current estimate on the average… Read More
Anti-trade messages from both U.S. presidential candidates are undoubtedly troubling for the future of the Canadian economy, especially in export-oriented sectors like agriculture. “That to me would be the number one concern when we look over the next six months — what happens in the U.S. election and what happens afterwards,” said Douglas Porter, chief economist… Read More
Cattle markets will likely continue to trend lower, although at a slower rate than we saw for much of 2015 and early 2016, according to the senior analyst with Canfax. “We’ve been through such a massive adjustment here, I think the bulk of the pain is over,” says Brian Perillat in this interview at the Canadian… Read More
Grains in the past week have started to improve a bit as concerns over quality and a lower U.S. Dollar are supporting more international demand. The wetter weather in the Canadian Prairies is widening out quality premiums, especially in lentils and a little less so in durum, but it’s becoming more apparent with every growing season… Read More
2015-16 was a record year for Canadian canola demand. Export and domestic consumption surpassed the 19 million tonne mark, according to crop year-end numbers from the Canadian Grain Commission — a 16.6 percent jump from 2014-15. “The fact that’s versus 16.3 million tonnes last year. That’s almost mind-boggling,” says Brian Voth of Prairie Farm Consulting…. Read More
Grains this week ended surprisingly barely changed, despite a record world agricultural supply and demand estimates (WASDE) report from the USDA. Going into the report, most of the market was expecting the USDA to update U.S. average yields as growing and crop conditions have been pretty good. Ahead of the report, the market was expecting an… Read More
They’re not splashing in the green pool or swinging from the parallel bars in Rio, but like their athletic compatriots, American farmers are breaking records. That’s if you believe the latest numbers from the US Department of Agriculture. The USDA issued its monthly supply/demand report on Friday. Here are some of the upsets/highlights: A 7.1 bushels/acre… Read More
The inaugural Canadian Beef Industry Conference is underway in Calgary, Alberta this week, and this morning, RealAgriculture’s Shaun Haney and Gateway Livestock’s Anne Wasko took the opportunity to film a Beef Market Update in-person, in our studio on the trade-show floor. The duo started off talking about some of the good news in the industry, how we’re… Read More
The complete picture will be painted over the next few weeks, but buyers are bracing themselves for variable quality in this year’s wheat crop in Western Canada. “The big challenge is the ongoing rainfall events,” notes Neil Townsend, market analyst with FarmLink Marketing Solutions, in the interview below. “Other quality factors, not just protein, but… Read More
Bunge has resumed taking canola deliveries after a fire last week at the company’s processing facility at Nipawin, Sask. Firefighters were called to the facility on Tuesday afternoon. The fire occurred in the crush plant. With canola harvest looming, the facility is partially operational, according to a Bunge spokesperson in St. Louis. “We plan to… Read More
Grains blew through the first week of August like a night owl, trading well overnight before collapsing during most daylight hours. For once, wheat was the big winner of the week, up more than 2% on concerns over the crop coming off in Europe and substitution away from corn for feed demand pretty much all… Read More
Another growing season month is completed and there’s just about as many questions out there on the crop as there was at the beginning of the season. As usual, volatility ensues and this past week was no different, but mostly to the downside as any charges made by the bulls was quickly put to bed… Read More
Grains had another red-banner week…red being the colour that grain markets were wearing basically all week as weather risk premium and fund selling continued to plague the bulls. Rains from last weekend through next week are massively discounting the threat of high heat and high humidity being felt by those in major grain-growing regions across… Read More
With fat cattle prices in Alberta $40 lower than they were a year ago, the view from where the cattle feeders will be sitting come this fall’s sale season will look different than it did in 2015. “Estimated losses in July for cattle finishing in Alberta on a spot-to-spot basis are about $350 to the… Read More