It's been nearly seven months since the Canadian Wheat Board became CWB — a pooling-focused wheat, barley and even canola marketing company operating in an open market. High cash prices since last fall had some expecting the pooling option wouldn't be very popular, but as Ian White, CEO of CWB explains CWB isn't just about... Read More
Category: Markets
The world almost ended twice in 2012. Farmers had to beware of the Mayan calendar but also earlier in the year the CWB officially lost it's monopoly on the sale of wheat in Canada. Some people predicted armageddon, while others believed that the benefits were huge. Chuck Penner, LeftField Commodity Research talked to me on... Read More
Western Canada is the leader in pulse production but there is some discussion regarding the potential of the Black Sea region to put a dent in Canadian exports. This week I was on the Saskatchewan Pulse Growers Regional meeting tour and I heard a very interesting presentation from Marlene Boersch, Mercantile Consulting Venture on the... Read More
Today is potentially a very big day for Western Canadian farmers and the petroleum industry. Ceres Global Ag Corp will be investing heavily in new rail infrastructure to connect Canadian farmers directly to the Texas Gulf and Mexico. A Canadian grain expert (who requested to be kept confidential) quickly told RealAgriculture.com that, "this would of... Read More
Statistics Canada released its estimates for 2012 year-end crop stocks today. As of December 31, total stocks of most principal field crops were down compared with the same date in 2011. Corn is the big exception — record yields in 2012 have boosted on-farm stocks. Canola stocks are estimated at 7.4 million tonnes, a 23.6%... Read More
CME Group (www.cmegroup.com) today announced it will transition open outcry trading of Kansas City Board of Trade (KCBT) hard red winter (HRW) wheat futures and options to its Chicago trading floor beginning Monday, July 1, 2013, pending CFTC review. The company's release says this transition will accelerate efficiencies and trading opportunities for customers trading both... Read More
Managing your risk continues to be the message that drives the decision making strategies of feedyards and ranches in Canada and the United States. One piece of stability to the Canadian market is the announcement that JBS will be exercising its option on the XL Foods purchase. All this and more in the Beef Market... Read More
Agriculture has been on a roll for the last few years. Commodity and land values are up and interest rates are down — these are good times for farmers. How do you make the most of it? According to Dr. Danny Klinefelter, professor and extension economist with Texas A&M University, the time to prepare for... Read More
The Wealthy Barber author and Dragon's Den star, David Chilton, spoke at this year's Farm Forum Event at Saskatoon, Sask., in late November. Produced by RealAgriculture.com Rob Saik, president of the Agri-Trend Group of Companies, caught up with David after his presentation to get his thoughts on not just identifying opportunities in agriculture, but also... Read More
Todd Hirsch, ATB financial senior economist, spoke at the Canfax Cattle Market Forum. The outlook he provided was one of cautious optimism mixed with a little bit of wait and see. The cautious optimism stems from the overall stability of the Canadian economy and the growth in provinces like Alberta and Saskatchewan. The wait... Read More