Weekly grain shipping requirements for CN and CP Rail came to an end on March 28th, as the federal government decided it would not renew the Order-in-Council mandating the railways ship a minimum amount of grain each week. The minimums were implemented in the spring of 2014 to address the backlog of grain across Western... Read More
Category: Markets
Tight stocks and a reduction in acres could be supportive for corn prices come Tuesday, as the U.S.D.A. will release its Prospective Plantings and Quarterly Grain Stocks reports. That’s according to Al Kluis of Minnesota-based Kluis Commodities. “We had a lot of test weight problems all the way from Iowa through Minnesota and so when... Read More
Grain markets continue to trade a little erratically with analysts mostly focused on acreage estimates and weather forecasts for the northern hemisphere. The wheat complex started the week out strong but lost said strength over the following days as bearish weather and crop condition reports pushed things lower. Also of note though was the U.S.... Read More
Tucked into the federal rail legislation implemented last year was a requirement that’s supposed to hold grain buyers accountable for delivery dates in contracts with farmers. As of August 1, 2014, licensed grain companies in Western Canada that don’t accept grain during the timeframe defined in a contract are required to pay some sort of... Read More
Responding to demands from both the Canadian wheat industry and international customers, the Canadian Grain Commission has proposed creating a new class of milling wheat for Western Canada. As part of this Wheat School West episode, Daryl Beswitherick, program manager for quality assurance with the CGC, explains they believe the creation of a new milling... Read More
Kurtis Peeters, an organic corn grower from Kawartha Lakes has been named as the winner of the "Most Profitable Acre Challenge," a competition put on by the Agri-food Management Institute and presented in partnership with Grain Farmers of Ontario. The business skills competition looks at input costs, production practices, yield, marketing tactics, and business management... Read More
More chatter about new crop acres continues to help the grain market trade sideways as we move towards the second half of March. Domestic corn-for-ethanol and soybean crush demand remains fairly strong, as does canola crush here in Canada which is up 20 per cent year-over-year last week, but the strength of the U.S. dollar... Read More
The USDA came and went this week with another WASDE report that was basically a “nothing-to-see-here” release, as the big story to watch is the Grain Stocks and Prospective Plantings report due at the end of March. However, you could look at in the sense that this report gives us a relatively flexible floor as... Read More
The lower Canadian dollar continues to provide support to canola values in the face of large global oilseed supplies. “If you didn’t have this weakness in the value of the Canadian dollar, the price of canola would probably be $30 cheaper," says Wayne Palmer, senior market coach with Agri-Trend Marketing and former floor trader in... Read More
It’s nearly the middle of March, but it feels more like May in many parts of Western Canada. Spring-like days with temps in the double digits for much of the southern areas of Alberta and Saskatchewan seem to have buoyed cattle markets, as it’s likely grass will be abundant and soon. That’s the latest Beef... Read More