In somewhat of a landslide victory, Narendra Modi has secured another five year term as the Prime Minister of India. As one of the milestones influencing the country’s strategy on pulse crop import tariffs, the federal election is big news for the international agriculture community. Now that it’s over, should Canadian pulse growers expect a… Read More
Somehow it’s already May, and we’re heading into a new growing season. Chuck Penner, of Leftfield Commodity Research, joins RealAgriculture’s Lyndsey Smith to talk about what trends are going on in the markets. Penner explains there are some rather intriguing shifts. “Some of the things that have really been on fire, some of smaller crops… Read More
There are oh-so-many factors at play in the oilseed complex, and the latest trade news (hi there, blocked canola shipments) does not bode well for the vegetable oil market. That said, soybean prices seemed to have encountered some price resistance at the mid-$9/bu price… could this be a bottom? Unfortunately, Chuck Penner, realist and founder… Read More
Well today was a bit of a wild one in both commodity and politics news. RealAg Radio host, Shaun Haney starts off the show with his thoughts and feedback from the RealAgriculture family on who they would choose to send to China to talk about trade relations. Guests on today’s show include: Jessika Guse with… Read More
Will pulse growers get a great gift of pea export movement in the new year? Will the Canadian dollar get back to tracking crude oil? Will soybeans have another tough year in Western Canada? Chuck Penner, of LeftField Commodity Research, joins RealAg Radio host Shaun Haney for a market melee full of holiday joy and… Read More
There’s a lot of news to tackle so for today RealAg Radio show you get not one, but two segments of news with Guse. Host, Shaun Haney and Jessika Guse bring you the top ag news stories of the day which include: Big bucks for the oil and gas sector Second and potentially final round… Read More
When it comes to making heads or tails on tariff trouble in India, Chuck Penner, with Leftfield Commodities, says that while the news isn’t good, it’s not all bleak. The tariffs and restrictions are set to continue long into harvest, Penner explains, as he breaks down each class and tariff level by crop type (and… Read More
In a winter where most crop markets don’t appear to be trying to buy more acres, mustard prices have been an exception. “For farmers looking for profitable opportunities, mustard is sticking out like a sore thumb right now,” says Chuck Penner of LeftField Commodity Research in the video below, filmed at CropSphere in Saskatoon earlier… Read More
India’s move to impose prohibitive import tariffs on peas, lentils and chickpeas has left a cloud of uncertainty hanging over the pulse market heading into the 2018 growing season. After back-to-back bumper crops domestically, India implemented a 50 percent tariff on pea imports in November, followed by a 30 percent tariff imposed on lentils and… Read More
India has added two more pulses to the list of crops facing steep import tariffs into the country. The Indian government announced a 30 percent import duty on red lentils and chickpeas on Thursday, which takes effect immediately. It’s expected product already on its way to India will be subject to the duties upon arrival. “Production… Read More
Grain markets almost always take a dive as harvest approaches and new supplies hit the market, but the big question for marketing is — will prices rebound or stay at lower levels? “I’ve been doing this for quite a few years and every year I kind of get sucked in a little by it, and… Read More
Concerns that India would no longer accept Canadian peas and lentils due to changes to fumigation requirements on incoming shipments were overblown, says the president of LeftField Commodity Research. India issued a three month extension last week, allowing sales to Canada’s largest pulse export market to continue. “In the end it turns out there was a lot more smoke… Read More
Oat prices have rallied over the last three weeks due to the poor harvest conditions in Western Canada. The December futures contract in Chicago has climbed more than 20 percent since the start of the month — from US$1.76/bu to around $2.15/bu. “Earlier it looked like we were going to have plenty of oats out there,” says Chuck Penner… Read More
Pea prices in Western Canada are at record levels and showing no signs of weakness, largely due to the pulse crop shortage in India. Old crop yellow peas are fetching spot bids over $11/bu while contracts for 2016 are in the $9.50 to $10/bu range (most with Act of God clauses). “At this stage of… Read More
These are exciting times for lentil growers, with record Canadian lentil acres projected for 2016. Red lentil bids in Western Canada have spiked into the C$0.50/lb range due to a combination of poor growing conditions in India and the lower value of the Canadian dollar relative to U.S. currency. “There’s no question we’re going to have acres… Read More