Tag: PI Financial

Where does the spring wheat rally go from here?

The Minneapolis Grain Exchange shattered its daily trade volume record on Tuesday, as traders responded to dry conditions and lower-than-expected crop ratings for U.S. spring wheat. MGEX reported 33,453 contracts traded on Tuesday — a 23 percent increase over its previous record of just over 27,000 in a day. The September spring wheat futures contract… Read more »

Effective Use Of Financial Tools Already At Your Fingertips — David Derwin

Borrowing at 0% interest is about as good as it gets. When only 20% of producers are using available cash advance programs, like the one administered by the Canadian Canola Growers, you have to question why more farmers are not taking advantage of effective borrowing programs. According to David Derwin, of PI Financial, only 5 to 10%… Read more »

More Wheat and Oats, Fewer Canola Acres — StatsCan Acreage Report Shows Farmers Diversifying Crop Mix

Statistics Canada published its annual pre-seeding acreage estimates on Thursday morning. As expected, the planting intentions survey showed Canadian farmers plan to seed more wheat, oats and barley and less canola and soybeans than in 2014  (see chart.) There were some surprises in the report, as the canola acreage projection of 19.4 million acres was almost… Read more »