When thinking of Canadian pulse exports, most think of India. That thinking needs to evolve, says Chuck Penner, founder and grain market analyst for LeftField Commodity Research. “A number of years ago we were getting all hot and bothered about massive volumes, and it was great business while it was there,” Penner says. “So we… Read More
Tag: LeftField Commodity Research
It has been a very difficult week for Canadians, as conflict in the Middle East between the U.S. and Iran attempts to find calmer ground. In an unbelievable tragedy, 176 people were killed, including 57 Canadians, when a passenger jet was shot down — reportedly by mistake — leaving Tehran. Earlier this week on RealAg… Read More
The pulse harvest in Alberta and Saskatchewan is in its late stages now, and although there are some anecdotal observations of better-than-expected quality, it’s not all ideal. “There is some sprouting, and there is a lot of earth tag,” says Chuck Penner, of Leftfield Commodity Research, adding the visual damage is worst for green lentil… Read More
While harvest delays and yield challenges might typically support a commodity’s price in the markets, Canadian canola has a bigger issue – its large carryout. “It just hangs over like a wet blanket, and it’s something we’ve known was coming, and yet it creates a whole market situation where things just really feel like a… Read More
Less than two weeks are left in August and most if not all have started harvesting the crop. If you need something to listen to while in the combine or grain truck, click here for a list of our past RealAg Radio episodes. On today’s show: RealAgriculture news lead, Jessika Guse and host of the… Read More
As the calendar creeps towards September, pulse harvest is just beginning to get underway in Western Canada. Fall is also usually a pretty busy selling and shipping season for the export-dependent crops, but as Chuck Penner, with Leftfield Commodity Research, explains, trade uncertainty and less-than-stellar prices are dragging on the busy harvest season. RealAgriculture field… Read More
Earlier this week, crop market analyst Chuck Penner shared a graph showing China’s year-over-year rapeseed oil (including canola) imports. The trend line since April 2019 is a rather steep line, and it’s straight up. Penner, with Leftfield Commodity Research, says that the latest figure clocks in at 254,000 tonnes of rapeseed oil imported — a… Read More
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