Grain prices closed the month of November generally higher as colder weather and transportation issues in the U.S. helped prices maintain an elevated level. While most Americans were putting the turkey in the oven, OPEC, the cartel of major oil-producing nations like Saudi Arabia, declined to ease their production from the current 30 million barrels-per-day.... Read More
Category: Markets
Western Canadian farmers know all too well what kind of impact the logistical challenges of the last year had on local grain prices, but how did the rail backlog impact international customers? How concerned are they about the reliability of Canadian grain shipments? To get a feel for what overseas buyers are saying, I spoke... Read More
By Larry Martin and Derek Albrecht After months of steady decline, Chicago grain futures recently rallied to meet or exceed USDA forecasts in its November grain report. USDA forecast carryover of soybeans at the end of the 2014/15 crop year at 12.5 per cent of use, with a price forecast at around $10. This compares... Read More
Is your farm in the realty business? Equity on most Canadian farms is generated in two ways — selling the proceeds from production and by owning property with increasing value. Speaking at the Agricultural Excellence Conference in Winnipeg last week, the head of Canada’s largest farmland investment company argued there are situations where farmers would... Read More
Real Agriculture's Shaun Haney sat down with Brian Perillat, with Canfax, at last week's Canfax Cattle Market Forum to talk cow herd expansion and contraction, feeder profits, shipments south and more. To the good, Perillat says that there are plenty of rosy outlooks out there on the demand side, in the feed market and at... Read More
Rounding out the middle of November, the markets seemed to pause a bit and then dropped lower as some farmer selling increased and likely the last of U.S. corn and soybeans fields were being harvested for 2014, as most places now have too much snow on the ground. While U.S. soybean crush volumes from October... Read More
The outlook for grain and oilseed prices might not be as bad — and the cattle market’s trajectory not as good — as the general consensus, according to our guest on TWORA for November 19th, 2014 (click above to listen.) From the Ag Excellence Conference in Winnipeg, Kelvin Heppner chats with FCC chief economist JP... Read More
Following the end of the Canadian Wheat Board's single desk, there was strong interest in growing wheat varieties from classes other than the traditional Canada Western Red Spring wheat that Canada is known for. There was plenty of talk about producing more high-yielding CPS (Canada Prairie Spring) wheat, but two years later, that buzz seems... Read More
This just in — it's winter. Snow is starting to fall across most areas around and above the 49th parallel, which will limit the ability to take off the remaining U.S. corn and soybean fields (some might have to wait until spring!). The cold could also have a negative effect on the winter wheat which... Read More
From a milling perspective, there's good news about the quality profile of the 2014 wheat crop in Western Canada. Mildew is to blame for much of this year's Canada Western Red Spring wheat falling outside of the top two grades, but wheat grading as #3 CWRS due to mildew is still exhibiting quality characteristics that... Read More