Despite the tumble in wheat futures over the last month, there are still reasons for growers to be optimistic about where wheat prices are headed, according to the president of LeftField Commodity Research. Chuck Penner shares his take on what’s happening in the grain markets in this video filmed at FarmTech in Edmonton. “I’m friendliest… Read More
Tag: Chuck Penner
After trading at a significant discount to soybeans last year, contrasting production scenarios have resulted in canola gaining value relative to soybeans over the last few months. “Historically canola futures have traded $80, sometimes even $100 higher than soybeans. Last year was exactly the opposite,” explains Chuck Penner of LeftField Commodity Research. “What we’re starting… Read More
If there’s one crop that’s been generating buzz this month, it’s oats, followed closely by flax. A plugged supply chain for our export markets has several farmers exploring other viable crop options for the 2014 growing seasons. Hot on the heels of this, the federal government recently announced funding for the oat market to re-build… Read More
An unattractive basis is meant to discourage grain sales, but what happens when farmers are willing to sell even then (cash is getting tight, y’all) but bids disappear entirely? Then you have the grain marketing mess that is early 2014. Hear more: Check out all our coverage from CropSphere 2014 Chuck Penner (@LeftFieldCR), with LeftField… Read More
About this time last year, the canola crop’s respectable acreage base and promising production was being consumed by disease pressure, the bizarre looking aster yellows and then came the Billion Dollar Wind that shook and shattered seeds all over the ground. As we approach swathing and even harvest of the 2013 crop, however, the crop… Read More
Farmers who had included pulses in their initial crop rotations for 2013 are likely to rewarded for sticking with the crop thanks to continued big demand and lofty prices for most crop types. That’s according to Chuck Penner, owner of LeftField Commodity Research, who spoke with RealAgriculture.com’s Shaun Haney in this episode of the Pulse… Read More
If you cannot see the above embedded audio player, CLICK HERE According to Chuck Penner, LeftField Commodity Research, everyone was waiting for the USDA planting intention report with baited breathe but what shocked (or maybe not) the market was the stocks report. Farmers holding onto old crop crop corn and wheat without unhedged are feeling… Read More
The world almost ended twice in 2012. Farmers had to beware of the Mayan calendar but also earlier in the year the CWB officially lost it’s monopoly on the sale of wheat in Canada. Some people predicted armageddon, while others believed that the benefits were huge. Chuck Penner, LeftField Commodity Research talked to me on… Read More
The Canadian pulse industry can be proud of what it has accomplished in a relatively short time. From a tiny slice of the acres, to a set crop in many farmers’ rotation, pulses are a made-in-Canada success story. SEE MORE PULSE SCHOOL EPISODES Pulse growers have enjoyed steady growth of their industry and international markets… Read More
Did your wheat crop make you smile this year? Good yields and high protein in the face of strong commodity prices is the coveted winning trifecta of the wheat world. Unfortunately, Canadian wheat growers are not the only ones with bins full of high protein, quality wheat. The traditional high protein spreads only happen when… Read More
Its not only a struggle to decide what to grow but also how to price the crop in this volatile pricing market. With special crops price discovery is an even bigger challenge fro many producers. With the poor growing conditions last year, lentil growers that got the crop off in a timely fashion and got… Read More