A three-year deal still needs to be ratified by workers, but Canadian National (CN) railway reports today that a tentative deal has been struck with the Teamsters union and a rail strike has been averted. The threatened strike would have crippled an already severely taxed logistics system trying to move the huge 2013 crop. As... Read More
Category: Markets
Farmers who banked on moving crop in September are running into road blocks left and right, even on the eve of November. A bumper crop across most crop kinds in all three Prairie Provinces is taxing Western Canada's railway service and elevators are at or near capacity, even with huge piles of grain being stored... Read More
Cigi (more formally the Canadian International Grains Institute) is on the receiving end of a Canadian government commitment to the tune of $6.4 million to establish a Moroccan National Durum Technical Training Centre (DTTC) in Casablanca. According to a Cigi press release, funding from the Department of Foreign Affairs, Trade and Development (DFATD) over the... Read More
Who can complain about $1,000 calves, lower feed prices and actual positive feeding margins? Well maybe cash croppers..... It is starting to look like it is the beef producers turn to make some money in this economic tug-of-war. But wait, there are some issues standing in the way of profits and smooth sailing. As Anne... Read More
The National Post is reporting that the comprehensive economic and trade agreement (CETA) negotiations with the European Union have moved forward following Canada's commitment to double cheese imports to 30,000 tonnes per year in exchange for added access to Europe's beef and pork markets. The deal is not done of course, but, if the quoted... Read More
Today's Statistics Canada numbers of 2013 production confirmed what everyone already new — Canadian farmers have a heck of a harvest in the bin (or headed there shortly). So while the production figures are perhaps old news and bearish, there is one very cool tidbit of information in the list: canola production, for the first... Read More
It's time once again for the least serious 10 minutes in ag news! And this time the RealAgriculture production team has gone above and beyond the call of duty and put together a truly entertaining package of highlights from Canada's Outdoor Farm Show. In this mostly-not-serious edition of Thumbs Up, Thumbs Down, Shaun Haney and... Read More
Brennan Turner recently asked farmers if they'd prefer extra bushels but lower prices, or sky high prices but a poor crop. Not surprisingly, farmers would prefer inventory, likely in part because Canadian farmers are quite comfortable with storing grain. Of course, the yields and volumes coming off fields this fall has left many farmers without... Read More
It is amazing how fast things can change. With the corn markets fearing a very large US corn harvest some producers are starting to squirm about their profit margins a year from now. As I talk to corn growers many say, "the market will find a bottom and we will be fine" and some say,... Read More
Bin-busting crops are never something to wish away, but the simple laws of supply and demand eventually come in to play when everyone has a lot of crop to sell. While that's oversimplifying grain markets, the overall message is clear — decent quality wheat, corn and other grains are going to be easy to find... Read More