India’s government has made it even more expensive to export products — including pulse crops — into the country. On Tuesday, India announced a 10 percent increase to its duty on chickpeas, raising the import tariff from 30 to 40 percent. The move comes days after the India’s finance minister introduced a new surcharge to… Read More
Category: Markets
One of the highlights of the National Cattlemen’s Beef Association (NCBA) meeting every year are the Cattlefax market outlook presentations. Cattlefax certainly drove home the facts surrounding trade and how important it is for all U.S. agriculture at the cattle industry convention in Phoenix last week. Several Canadian attendees told us U.S. producers are optimistic… Read More
Grain markets this week ended mostly in the red after a stronger performance at the beginning of the week. Traders took profits on the heels of some double-digit moves on the futures boards for most grain and oilseeds on Tuesday. Some geopolitical risk helped fuel the rally, but a “risk on” attitude hit the market… Read More
It’s going to be harder to find current information on Canadian canola and soybean processor demand going forward. In the “COPA weekly report of member crushings” published on Friday, the Canadian Oilseed Processors Association says it is immediately discontinuing the report. The weekly update shared information on the total tonnes of canola and soybeans crushed by COPA… Read More
Wednesday was a big day for economic news in both Canada and also for our friends south of the border, in the United States. Here at home, the market is digesting the most recent GDP data for November, while the U.S. Federal Open Market Committee made the decision to hold interest rates in the country…. Read More
Are you holding out for $10 yellow peas, when you know you’re profitable at $8 per bushel? That’s just one of the gems we’ve mined from this quick market recap from none other than FarmLead founder, Brennan Turner. Earlier this week, Turner once agains joined Shaun Haney at the RealAgriculture booth at FarmTech to wade… Read More
Last week there were reasons for confusion on what direction the American dollar might take based on White House policy. Most of the confusion last week was driven by comments made by different members of the White House team. “It’s interesting, it’s almost like currency wars at the moment,” says Matthew Pot of Grain Perspectives… Read More
Grain markets this week were mainly trading relative to the headlines, taking cues from the U.S. dollar, free trade agreements, and dryness in both South and North America. The U.S. dollar dropped to its lowest level in three years this week after the U.S. Treasury Secretary said he didn’t care which direction it went. The… Read More
With adequate supplies of most crops, the grain and oilseed market is not giving Western Canadian farmers a strong signal to plant more of any major crop in 2018. At the same time, India’s tariffs on pulse crops have producers looking for alternatives to peas and lentils for some acres. From a strictly marketing standpoint,… Read More
Oat futures have climbed more than 30 cents a bushel since the start of the new year, raising the question: will more acres switch from wheat to oats? As of Wednesday, nearby and new crop oat futures in Chicago were in the 42 to 45 percent range relative to Minneapolis wheat. The flatter, quieter spot… Read More