Tag: Dan Basse

Canola School: U.S.-First Biofuel Policy Could Boost Canadian Canola Demand

President Trump’s U.S.-first biofuel policy could be bullish for Canadian canola demand, according to the president of Chicago-based Ag Resource Company. As Dan Basse explains in this market-themed Canola School episode, the United States imported about two million tonnes of B100 biodiesel from Argentina last year, offering a dollar/gallon tax credit for it. “A lot… Read more »

Tough Outlook for Grain Markets as Production Simply Exceeds Demand

Grain markets can be complex, but there are times when simple economics are all that’s needed to describe a situation. If supply grows faster than demand, then prices drop. “World demand for grains — corn, soybeans and wheat — is up less than 1 percent, while global production is up a little over 2 percent, so… Read more »

TWORA — New Ag Minister, Lagging Grain Demand & Tweet Hearts — Nov 5

There’s a new person in charge of the federal agriculture file, as Justin Trudeau tapped Lawrence MacAulay as his new agriculture minister. Meanwhile, John Deere has been in the news with some investments in the area of precision planting, the TPP text has finally been released, and global grain supplies are growing faster than demand… Read more »

Time to Price ’15 and ’16 Crops? A Bearish Theme Prevailed at Cereals NA Conference

Are you ready for corn prices down around $2.70/bushel, or soybeans under $7 next fall? Those numbers were included in some of the projections shared in Winnipeg this week, as market analysts and traders from around the world gathered for the second annual Cereals North America market outlook conference. The conference was organized and co-hosted… Read more »