Both Canada and the United States released their export numbers for the month of October this week and there are some interesting takeaways. Fresh off last week's third quarter GDP numbers that were dragged down by weak exports, the Statistics Canada trade data pushlished on Tuesday showed rebounding exports. Canada's trade deficit shrank to a... Read More
Category: Economy & Financial Markets
On Friday, Statistics Canada released its third-quarter economic report, which included an update on gross domestic product and job growth. With the Canadian government boasting a strong economy and North American Free Trade Agreement (NAFTA) negotiations in an arguably precarious situation, many experts are watching the domestic economic climate very closely. Some of the highlights... Read More
Every week, there are mountains of global economic data to shuffle through. The past week's info has Farm Credit Canada's vice president and chief agricultural economist, JP Gervais, thinking about the direction of China's economy. "If we just focus on China, economic growth of 6.7 percent — that's actually pretty strong," says Gervais, referring to... Read More
The Bank of Canada announced its second interest rate hike in two months, surprising analysts, and raising the target interest rate by one-quarter point to 1 percent. The last interest rate hike was announced in mid-July, and was the first increase the country had seen in over seven years. Many analysts had expected Bank of... Read More
The Canadian economy has been healthy as of late, which has many farmers with higher debt levels somewhat concerned about interest rate increases in the near future. Farmers have enjoyed a low interest rate environment for quite some time, but the reality is - the Bank of Canada has some some decisions to make. Additionally... Read More
The markets continued their strong bearish tone as grains and oilseeds pushed lower across the board for the second day in a row on Tuesday. On Monday, one excuse was that Friday's bearish cattle on feed report sparked a push to sell. Expected rains in the U.S. midwest later this week have certainly driven some... Read More
Grain prices over the first two weeks of July are still swinging a bit wildly as the market is trying to price in the recent heat. Scorching temperatures hit most of North America before the USDA came out with their July WASDE report on July 12th, 2017. The report was met with some bearish skepticism,... Read More
Food prices in Canadian stores have declined for nine consecutive months, dating back to last September, as measured by Statistics Canada's Consumer Price Index. While the rate of depreciation has slowed since January, Kevin Grier, market analyst and author of the Grocery Trade Review, explains there are two main factors putting downward pressure on the... Read More
As we turn the calendar into July, we’re taking a look back at the markets over the last six months. We’ll also offer our expectations for the balance of 2017. In our 2017 Grain Markets Forecast (posted in January), we made several timestamped projections. You can review them here at your convenience. The U.S. Federal... Read More
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