If you’re tired of hearing words such as “unprecedented” and “new normal,” you’re not alone. That said, over time, what is average or normal or expected does change and evolve. Take commodity prices, for example. Over the very long term, the bottom level resistance for wheat futures at one time was $2/bushel. Eventually, that rose… Read More
Tag: LeftField Commodity Research
Thanks for tuning in to RealAg Radio. Today’s show is brought to you by CanolaMaster! On this episode, host Shaun Haney is joined by Chuck Penner of LeftField Commodity Research, on the broader market and a discussion on if we have reached a new normal in commodity prices, as well as Jay Whetter, editor with… Read More
Thanks for tuning in to RealAg Radio! On today’s show we will hear from Jon Driedger of Leftfield Commodity Research, for a grain market outlook and discussion on the USDA WASDE report. As well, Heather Watson with Farm Management Canada, hops on to talk about the upcoming Agriculture Excellence conference. Don’t miss our spotlight interview… Read More
The U.S. Department of Agriculture released its WASDE report for October on Wednesday, and soybeans definitely received the bulk of the market reaction. Although corn and wheat yield projections were relatively in-line with analyst expectations, it was the soybean yield that made the market go…hmm. Arlan Suderman, of StoneX tweeted, “USDA pegged the #soybean yield… Read More
Jon Driedger of LeftField Commodity Research recently took a tour across Western Canada with LeftField Commodity Research and Argus Media to analyze the yield potential of the Prairie crop. Like any year, there are extremely variable pockets, but Driedger says for the most part, yields are looking average. The summary for cereals — with the exception… Read More
Welcome to Wednesday’s edition of RealAg Radio! On today’s show, you’ll hear: Jon Driedger of LeftField Commodity Research, on the crop markets; Olly Peoples of Yield10 BioScience, on the potential for camelina as a fit on the Prairies and Plains; Kevin Grier of Kevin Grier Market Analysis and Consulting, with an update on the pork… Read More
It’s been a wild week in the wheat markets, with lots of trading action and news stories driving the markets. Chaos, says Jon Driedger of Leftfield Commodities Research, is one way to describe it — starting off with last week’s United States Department of Agriculture report. “That was a friendly report for wheat. We go… Read More
It’s been a wild ride for the commodity markets in light of what’s happening with Russia’s invasion of Ukraine. Chuck Penner of Leftfield Commodities Research joined RealAg Radio on Wednesday to help interpret a bit of what is happening, in what is a very fluid situation. As Penner explains, it’s tough to even talk about… Read More
Regina is on its way to becoming the canola crush hub of the country. The most recent canola crush announcement, made last week, includes a 1.1 million metric ton capacity plant, funded by AGT Foods and Federated Co-operatives Limited. While announcements have been fast and furious the last few years, Chuck Penner of LeftField Commodities… Read More
When we think about how farmers market their crop, there are two significant events that have occurred in 2021 that may drive people to think a little different going forward. One of those is the market run-up last fall, when prices really began to escalate.The second factor is farmers in the western half of North… Read More
Many crops grown in Canada are traded on an active futures market: corn, soybeans, canola, and wheat being the most common. But plenty of other crops don’t trade on futures, instead relying on cash prices, actual deliveries, and contracts for price discovery and risk management. Jon Driedger of LeftField Commodity Research says that when market… Read More
Summer is generally a time when the pulse markets go through a bit of a lull, but it’s always good to know what might happen in the markets come harvest. Chuck Penner of LeftField Commodity Research says that both farmers and buyers are sitting on the sidelines at this time of year, especially with widespread… Read More
A Tuesday morning run up in the grain markets caught many market watchers by surprise. What’s at play so early in the growing season? Jon Driedger with Leftfield Commodity Research says that, yes, this really does seem to be a weather related rally for the most part, and that’s a bit of a surprise. Coming… Read More
It’s a big day when the Statistics Canada acreage report is released for all the major field crops in Canada. To understand if the numbers are above or below expectations, Shaun Haney is joined by Jon Driedger, grain market analyst with LeftField Commodity Research. To start the conversation off, canola acres are up from last… Read More
If you’ve been following the canola markets, it’s been a fascinating story to say the least. There’s been a fairly large spread with new crop and old crop canola prices, and many are asking the question: when will they meet up? Jon Driedger of LeftField Commodity Research says in theory that spread — which is… Read More