Wheat markets were up about four percent in the post-Canadian Thanksgiving rally as the grain markets all headed higher on quality and harvest progress concerns. That in mind, because of the delayed U.S. harvest, there could still be a lot of grain that doesn’t have a home on the farm and so will be sold... Read More
Category: Markets
Farmers of North America is asking the federal government to hold off on privatizing the Canadian Wheat Board to give the Saskatoon-based farmer business alliance more time to pitch its plan for turning CWB into a farmer-owned grain company. FNA has held over 100 farmer meetings across Western Canada over the last month asking farmers... Read More
Agriculture Minister Gerry Ritz and International Trade Minister Ed Fast were in Ottawa today to announce an expansion to Canadian beef and livestock producer export opportunities. Negotiations in Qatar have resulted in its approval of all beef imports from Canada, a significant step in a market that could reach $2 million annually, according to industry... Read More
A creative and patient approach to marketing will be needed to maximize returns on the lower quality crop produced in Western Canada this year, suggests a farm management specialist with Manitoba Agriculture. Poor weather during the growing season and at harvest has resulted in a wide range of downgrading factors, including fusarium, mildew, sprouting and... Read More
Bunge is finally starting operations at its new canola processing plant at Altona, Manitoba. "The edible oil refinery is operating and we are testing the crush plant," confirmed Deb Seidel, a spokesperson for Bunge North America, in an email on Friday. The new facility is designed to process 2,500 metric tonnes per day — more... Read More
With the immense drop in fat cash cattle being sold on a weekly basis the reporting of sale data has changed. A high majority of fat cattle in Canada are being sold through forward contracting or formula (grid systems). Canfax is responsible to collect data from willing producers and report back information to the industry... Read More
There were no major surprises for the corn and soybean markets in the USDA report published on Friday, however the wheat ending stocks projections were lower than the trade was expecting. The smaller stocks, together with funds short-covering, have provided some support to wheat futures over the last week, explains Austin Damiani, commodities broker with... Read More
While some were thinking of turkey and pumpkin pie ahead of the Canadian Thanksgiving long weekend, the grain market got a hold of the USDA's October WASDE report. The report pushed some volatility in trading and wheat and canola closed in the red for the week, despite their hot start and trend to the upside... Read More
Farmers of North America is urgently seeking farmers willing to invest in acquiring a majority stake in CWB (formerly the Canadian Wheat Board.) The “farmer business alliance” has hosted dozens of farmer meetings across Western Canada over the last few weeks — right in the middle of harvest for most potential investors. While the plans... Read More
Grain prices started the month of October the same way they've been trending for the last five months: lower. Last week saw two important reports from the USDA and Statistics Canada, recording grain inventories and '14 production estimates respectively. With some of the earliest-planted fields of corn and soybeans coming off in the American Midwest,... Read More