13.4 million tonnes of canola is, historically, a big canola crop. For 2012, however, it’s a total tonnage figure that disappointed many Western Canadian farmers. As we reported earlier this year, the swaths looked like a 35 bushel crop but yielded closer to 20. Many were shocked by the significantly lower Statistics Canada production number… Read More

According to Dow Jones Newswires, CME Group has agreed to buy the Kansas City Board of Trade for US$126 million. CME already owns the Chicago Board of Trade (CBOT). By purchasing Kansas City, CME would then offer wheat contracts for both soft and hard wheats, along with several other agriculture commodity contracts. While it’s not… Read More

It’s no surprise that the fertilizer markets have cooled off this fall, but those farmers shopping for a deal may not want to wait too long to pre-buy. Record prices for corn and soy will definitely pressure prices in to the new growing season, and international buyers are out shopping. Remi Schmaltz, general manager of… Read More

The market seemed surprised by the Statistics Canada report released this morning. Farmers did not.  StatsCan slashed a million tonnes from its earlier estimate and has pegged production at 13.2 million tonnes. Initial reaction from farmers was, Yes, we could’ve have told you that, but some market analysts are concerned the number is perhaps a… Read More

FNA is looking for farmer commitment and seed money for a new western Canadian fertilizer plant it has dubbed “ProjectN.” The organization is not looking to be an owner of this plant; FNA is acting only as facilitator to round up interest and fund the FNA Fertilizer Limited Partnership. “It needs to be clear that… Read More

The recent meat recall at XL Foods is just another issue to provide adversity to the Canadian cattle industry.  With one of two Western Canadian packers being forced to deal with a meat recall the lift lines have pushed an already wide basis wider.   Additionally, the topic of a struggling pork industry has left… Read More

It was strong demand for oilseed that resulted in a record number of acres of canola being planted in Western Canada this spring. Unfortunately, that record number of acres didn’t translate into a record crop. Weather, disease and other factors gave the Western Canadian canola crop a solid beating this year. The result, as Moe… Read More

If supply and demand is a big part of how ag commodities are priced, it’s understandable why there is some head scratching surrounding the high price of wheat. From the outside it would appear as though there is a lot of wheat around, but as Moe Agostino of Farms.com Risk Management explains it’s not necessarily… Read More

 

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