November is always a very interesting time for the markets. Analysts begin to have an idea of the crop volume and quality and farmers and looking to solidify their new crop marketing plans and are already beginning to think about planting intentions for the coming spring. Farmers also have to increasingly pay attention to the… Read more »
Tag: FarmLink Marketing Solutions
Minneapolis wheat futures hit new highs on quality supply concerns
While Chicago wheat futures trended lower, spring wheat contracts on the Minneapolis Grain Exchange rose sharply this past week on concerns about the supply of higher quality, high protein wheat. The September contract closed on Friday at US$5.87/bu — the highest it’s been since the middle of June 2016. There are three primary factors, explains Neil… Read more »
Nasty Weather Triggers Short Covering (and a Short Rally) in Wheat Market
The wheat market rallied earlier this week after parts of the U.S. hard red winter wheat crop were pummelled by nasty weather. A blanket of snow fell on ripening wheat in parts of Kansas, Colorado, Oklahoma and Nebraska. Heavy rains have also caused flooding from Oklahoma to Indiana. “There certainly is some damage in the… Read more »
Speculative Support, Pulse Export Uncertainty & NHL Playoff Picks — Jon Driedger
Record production and big supplies continue to weigh on grain markets, and yet, corn and soybean futures have remained relatively strong, and even trended higher, since fall. “There’s definitely been a shift in the narrative, from an outside fund, speculative money perspective,” explains Jon Driedger of FarmLink Marketing Solutions in this market conversation. Driedger joined Shaun… Read more »
When Market Sentiment and Expectations Trump Fundamentals and Facts
Donald Trump won’t be president for another two months. He has yet to implement — or even clearly define — any policy or spending changes. And yet the U.S. dollar index has shot to its highest level in 13 years. Sentiment in many markets has certainly changed since dropping sharply on election night, even if the… Read more »
Canola Finds Life Above $500 Per Tonne
This year’s harvest in Western Canada has had its share of adversity. As farmers attempt to finalize harvest with weather breaks, canola has broke above $500 per MT in the futures market. This week on RealAg Radio, Shaun Haney spoke with Jon Driedger, FarmLink Marketing Solutions about the canola market and how producers should feel… Read more »
Quality Premiums Expected in the Wheat Market
The complete picture will be painted over the next few weeks, but buyers are bracing themselves for variable quality in this year’s wheat crop in Western Canada. “The big challenge is the ongoing rainfall events,” notes Neil Townsend, market analyst with FarmLink Marketing Solutions, in the interview below. “Other quality factors, not just protein, but… Read more »
Canadian Dollar Expected to Settle Down into “Sideways, Softer Tone”
The Canadian dollar could be settling in for some quieter time after a wild ride over the last year. In May 2015, the loonie traded at over 83 cents US. It then went for a slide, bottoming out in mid-January at around 68 cents before rallying aggressively, touching 80 cents in early May. The dollar has since retreated down to around… Read more »
More Pulses, Barley, Durum & Corn — StatsCan Paints the Acreage Picture for ’16
There will be more pulses (surprise!), barley, corn and durum planted on Canadian farms in 2016, according to StatsCan’s acreage estimates published on Thursday. The canola acreage number was likely the largest surprise in the report, coming in below trade expectations at 19.3 million acres, down from 20.1 million in 2015. (see numbers below) “I think… Read more »
CropConnect ’16: Less CWRS Wheat, More Minor Wheat Class Acres Expected
While the number of CWRS wheat acres on the prairies is expected to drop by around 1.5 million, the trend toward more growing more high-yielding wheat varieties will continue, according to the general manager of FarmLink Marketing Solutions. Meanwhile, pea and lentil acres are expected to rise dramatically (surprise!), but seed supply will be a… Read more »
Farm At Hand and FarmLink Marketing Join Forces
Farm management software startup Farm At Hand is merging with grain marketing firm FarmLink Marketing Solutions. Launched in 2012, the free Farm At Hand app helps producers maintain field records while tracking equipment, grain inventory and sales. The app and Farm At Hand brand will be maintained and available for free to any user, says Kim… Read more »
Wheat Market Looking for News
Wheat futures have been unable to build any upward momentum since the middle of summer, as the market sits on a record-sized world crop waiting for fresh trend-setting news. U.S. currency strength is limiting export demand and the ability of Minneapolis-based futures to move higher, notes Mike Davey of FarmLink Marketing Solutions in the interview below. However,… Read more »
Canola Oil a Big Winner in TPP
Canola oil stands to be one of the “big winners” if the Trans-Pacific Partnership deal is ratified. Negotiations on the 12-country deal concluded earlier this month, with Canadian grain and oilseed, beef and pork sectors welcoming the market access in it. Lawrence Yakielashek, general manager of FarmLink Marketing Solutions, explains in the interview above how there… Read more »
Grain Market Spikes Following June 30th Reports from USDA and StatsCan
Grain and oilseed markets were green across the board on Tuesday after the USDA and Statistics Canada dropped a heavy load of new information into the market. The USDA released updated acreage and stocks estimates while StatsCan shared its acreage projections based on a farmer survey in early June. New crop soybean futures jumped more… Read more »
Prairie Cash Market for Corn Detached From U.S. Futures
A shortage of low-fusarium feed wheat and the decreased value of the Canadian dollar are supporting the cash price for corn on the eastern side of the prairies. Old crop Chicago futures have been trading in the US$3.65 to US$3.95 range since early January, while cash bids in southern Manitoba have risen to between C$4.50 and C$5 bushel…. Read more »