On Monday, January 12th, the USDA released its January installment of the WASDE repor. Heading into the report, most analysts were bearish, and the report ended up showing some increased corn demand compared to the December report, which is why corn was the only grain that was green/higher by the end of the day. Specifically,... Read More
Category: Markets
If the first two weeks of 2015 are any indication for the rest of the year, volatility in cattle markets is the name of the game. From steep drops to quick run-ups yet again, the U.S. cash market and the wholesale side has already shown some real movement. The big questions for cattle producers and... Read More
As part of TWORA for January 15th (yeah — it’s the middle of January already!), Lyndsey denies stealing a megaphone from a plane in Saskatoon and shares some highlights from her time at CropSphere. This week’s podcast also touches on the record shipping year for the St. Lawrence Seaway, fines levied against CN and CP... Read More
Today, in Saskatatoon, Agriculture Minister Gerry Ritz announced that Pulse Canada will receive an investment of over $3.3 million for projects addressing sustainability, pulse demand and trade. "This Government remains committed to the economy, and our hard-working pulse growers play a vital role in creating jobs and keeping our economy strong.," said Ritz. "We are... Read More
Fewer winter wheat acres were planted than what the market thought, but other than that, the first USDA report of the new year, released Monday morning, did not contain any major surprises. “This really was a wave of new numbers for the market to digest, and yet if you look across the whole scope of... Read More
Canadian rail companies' concerns that legislation passed by the federal government in 2014 would open the Western Canadian grain market to "poaching" by U.S. railways appear to be unfounded so far, much to the dismay of farmers and farm organizations hoping for increased competition for Canadian National and Canadian Pacific railways. With the passage of... Read More
Grain markets started 2015 out on a bad foot as the first trading day of the year on Friday, January 2nd was all red. But the complex rebounded in the following days thanks to weather concerns and managed-money changing positions. Oats, corn, (Chicago) wheat, and soybeans continue to hover over some nice even numbers of... Read More
Low oil prices should translate into reduced input prices for farmers, but don't expect to see major declines in fertilizer prices before the 2015 growing season, according to a lending institution consultant speaking at St. Jean Farm Days in Manitoba this week. "I think in the long run we will see our cost of production... Read More
In 2013, the Canadian beef industry initiated efforts to create a comprehensive strategy that identified a vision, mission and priorities for the sector, while aligning key industry players. Today, that work went to print, and The National Beef Strategy was released. “The need for industry to push itself is now,” said Martin Unrau, co-chair of... Read More
Farm machinery dealers are hoping to offset recent declines in equipment sales by expanding the services they provide to producers. After six consecutive years of strong growth, year-over-year sales of new equipment declined by as much as 25 percent for dealers in parts of Western Canada in 2014, according to John Schmeiser, CEO of the... Read More