The grain and oilseed market started the month of November the opposite of how it ended October, as the market dropped lower on the U.S. harvest catching up to its historical average pace and a stronger U.S. dollar (which can help Canadian exports, hence basis in Western Canada narrowing recently). Lack of consistent rail service... Read More
Category: Markets
Planting delays in Brazil due to dry conditions have provided some support to global oilseed markets over the last month or so, but it’s too early to be concerned about dryness. That’s according to Pedro Dejneka, managing partner with AGR Brasil — a unit of AgResource Company, who shared the South American market outlook at... Read More
If you're considering growing barley for the malt market in 2015, the Canadian Malting Barley Technical Centre has just released its list of recommended varieties for the 2015-16 crop year. The list (find it here) is compiled by the CMBTC's members with input from grain companies, maltsters and brewers. CDC Copeland and AC Metcalfe are... Read More
With the recent rally in soybeans looking like it might be over, there could be some major downside to oilseed prices, according to the chief economist for AgResource Company. Bill Tierney, speaking at the Cereals North America conference in Winnipeg last week, called the rally “seemingly inexplicable,” as there were no significant changes in U.S.... Read More
With record prices and strong profits over the last year, are we on the verge of seeing renewed excitement about pig production in Canada? The previous decade was filled with challenges, but with pork prices where they’ve been over the last year, there should be some incentive to build new barns, or at least fill... Read More
While world grain supplies are growing rapidly after producing enormous global corn, soybean and wheat crops this year, Canada stands out with domestic stocks dropping after the bumper crop of 2013 to levels that are closer to average. “We’re seeing our stock levels forecast to drop now to fairly typical levels by the end of... Read More
A repeat of last winter’s logistical nightmare for grain in Western Canada is unlikely. That’s because a combination of factors, including the federal shipping mandates for CN and CP Rail, summer weather and a smaller 2014 crop, have reduced the size of the rail backlog, noted the head of the company that monitors grain movement... Read More
Changes in U.S. monetary policy could be worth paying attention to in the next year. After nearly six years, the Federal Reserve announced this week that it is ending “quantitative easing,” the bond buy-back program implemented to help the U.S. economy through the recession. The end of QE is seen by many as a step... Read More
As we say goodbye to October, colder weather is setting in just as the markets could be warming up. More than a few analysts are pointing to soy meal as a driver of the sustained rally we’ve seen in the grain markets recently, but the move is now beyond “rational levels”. With an increase in... Read More
Are you ready for corn prices down around $2.70/bushel, or soybeans under $7 next fall? Those numbers were included in some of the projections shared in Winnipeg this week, as market analysts and traders from around the world gathered for the second annual Cereals North America market outlook conference. The conference was organized and co-hosted... Read More