G3 Canada — the grain company formed with Bunge and SALIC's acquisition of the former Canadian Wheat Board — is building a new grain terminal in Hamilton to source grains and oilseeds from Ontario. "Grain exports from southern Ontario have been increasing for some time now. We look forward to expanding our relationship with farmers... Read More
Category: Markets
Grain prices this week flopped around a bit as the market dealt with some currency moves. Relatively decent harvest weather has greeted western Canada and, though dryness concerns are still hitting other parts of the world, it's time to turn the bushel number counter on for corn and beans across the U.S. and eastern Canada.... Read More
We’re not entirely sure how the Beef Market Update started and ended with turkey and the Jays, but the real meat of this week’s podcast centres around how fed cattle prices have dropped, with both the feeder and calf markets following suit. On what we can expect for the rest of the year in the... Read More
Grains this week were mixed as the market was chasing weather, export trade data, and harvest headlines. We ended the trading quarter this week, and oats was the biggest loser, dropping 15% over the course of it, followed by Chicago wheat (-12.8%), soybeans (-12.1%), canola (-10.6%), and corn (-10.5%). From a currency perspective, the Canadian... Read More
Protein premiums or discounts can be a major factor in marketing wheat. In some years there's plenty of high protein wheat (as looks to be the case for 2015-16) and in other years millers are left scrounging for wheat with high enough protein. We asked earlier this week whether yield or protein is a higher... Read More
Statistics Canada has raised its production estimates for wheat and canola, but there’s a good chance the final numbers after harvest will be higher, according to the head of ProFarmer Canada. The September StatsCan estimates, based on a survey of 9,300 farms conducted between September 3 and 13, were released on Friday morning. The all-wheat... Read More
Grains finished the last full week of trading in September in the green thanks to some unfavourable weather conditions in Europe and Asia, and better-expected-export numbers for U.S. sales. While crop progress reports in North America continue to show that things are ahead of schedule & crop quality is relatively decent, some good buying strength... Read More
Can corn production on the western side of the U.S. Corn Belt offset the reduced yields due to excess moisture in the east? That’s one of the corn market’s main questions heading into harvest. After visiting fields under knee-deep water in early July, Moe Agostino of Farms.com Risk Management says it was clear corn and... Read More
Grains this week were relatively mixed as a combination of various weather forecasts and new production reports had the trade flip-flopping all over the place. Corn and soybeans were lower with good growing conditions and South American planting starting up. The strength of the U.S. dollar has been waning a bit as expectations were confirmed... Read More
It’s an interesting market for beef producers. While fed cattle are still struggling to find their market low, feeder animals are well above last year’s prices. And cow/calf producers may be feeling relieved, but will good margins be enough to persuade herd expansion? We hand Shaun Haney a bar of soap for this mid-September edition... Read More