While U.S. President Trump and Mexican President Obrador were meeting in Washington D.C. to celebrate the United States-Mexico-Canada Agreement, Prime Minister Trudeau was in Ottawa defending his government’s mid-year fiscal update. It is no surprise that the numbers are not pretty, as the Liberals have attempted to rescue the economy with major support payments, just… Read More
Grain markets took a pretty serious tumble to end the last full week of trading in June as beneficial rains fell, or are forecasted to fall on the large majority of North American growing regions. Thanks to said precipitation, the bearish players pushed corn and soybeans to fall every single trading session this past week,… Read More
Grain markets ended this past week rather mixed as demand and weather are supporting some crops, but not others. Winter wheat prices continues to pressured by harvest accelerating, while spring wheat and canola found strength on some technical factors and dryness in Western Canada. Despite some favourable long-term temperature & rainfall forecasts for most of… Read More
Father’s Day for many farm families involves a BBQ, gifts, maybe some golf, and likely some farm work if the weather is right for spraying. Like mothers, fathers play an integral role in the family farm business. For any family business there are smooth days, rocky ones and outright turbulent days that test the ties… Read More
Is a profitable farm the most successful farm? Or is it the largest land base, the one with the newest equipment? Or is it the one whose operator takes a vacation every year or has the lowest debt? Earlier this week, we talked to Dr. Greg Ibendahl, of Kansas State University, and we talked about… Read More
Grain markets closed mixed this past week as demand interest from China supported soybeans (and canola followed) while all other crop prices fell on expectations of bigger crops. In the June WASDE report, released on Thursday, the USDA showed the market weaker ethanol demand and a bigger U.S. winter wheat harvest. Supporting grain markets before… Read More
Grain markets ended the week mixed as a stronger U.S. Dollar led to some profit-taking on Friday, somewhat capping the substantial gains made in soybean prices. Conversely, wheat prices were set to close positive for the week but Friday’s strength in the U.S. Dollar, profit-taking, and increasing winter wheat harvest activity turned the complex red…. Read More
In the context of what’s going on in the world today, I have to say this is an absolutely tiny problem. But it’s also a problem that everyone involved would like to have fixed, and it’s fairly easy to do something about it. So here goes: To start, this involves chickens, and news stories that… Read More
Grain markets saw a bit of a sell-off on the last Friday of May with mostly lower as the traders booked profits before the end of the month amidst growing uncertainty in U.S.-China trade relations. This week, China moved with a heavy hand to take full control of Hong Kong, the city-state given up by… Read More
A guest editorial by Cam Dahl, president of Cereals Canada There have been some unexpected impacts of the COVID-19 pandemic. One of these is the new celebrity status of our Chief Medical Health Officers. A lot of people, who just a few short months ago were not aware that every province had a Chief Medical… Read More
Grain markets headed into the U.S. Memorial Day long weekend with a bit of a limp as traders watched technicals for direction amidst some benign crop conditions and a firmer U.S. Dollar. Wheat prices on Friday pared their gains made over three straight positive sessions, despite a smaller crop in Kansas expected and some short-covering… Read More
By Michael von Massow The Grain Farmers of Ontario (GFO) recently launched an advertising campaign to lobby for federal support for grains and oilseeds producers. There has been considerable discussion in social media and other fora regarding financial support for the Canadian agricultural sector. Many groups were disappointed with the size of the federal government… Read More
Grain markets were mixed this week as we got the first look at how the USDA is thinking about the 2020/21 crop year in terms of supply and demand, just as demand peeks its head out from underneath the COVID-19 covers. Through the middle of May, soybean and corn prices were helped by more optimism… Read More
Grain markets were mixed over the first full week of trading as investor jockeyed positions on frost fears, a fast planting pace, and newly-minted trade tensions between the U.S. and China. For the most part though, freezing temperatures were forecasted to hit everything north of central Illinois and that propelled the market into positive territory… Read More
Progress throughout history has never been linear and, often, a jarring event is needed to force us into facing uncomfortable truths about our own failures. That is not an indictment, but more an acceptance of the reality that progress requires understanding where we’ve fallen flat and then seeking to improve. There was much gnashing of… Read More
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