The USDA will roll out its latest production report this coming Monday, and farmers and analysts alike are hoping it provokes some market action to the upside. Scott Shelladay, host of The Cow Guy on RFD-TV, says that next week's report will be crucial to grain market moves, markets that have been weathering news of... Read More
Category: Markets
The provincial grower groups from Alberta, Saskatchewan, Manitoba, and even Ontario have ponied up funds to support the Global Agriculture Technology Exchange, kicking off the $100+ million funding campaign. News of the support came last week, and reaction has been mixed, as is often the case when producer groups commit large funds to a project.... Read More
Update: As of 7am Pacific time on Tuesday, workers represented by the Grain Workers Union at the six main grain terminals in Vancouver are on strike. Grain exports from Western Canada could face another major labour disruption starting Tuesday. 650 workers at the six main bulk grain terminals at the Port of Vancouver could legally... Read More
The board of directors for a large farmer-owned grain elevator in western Saskatchewan has decided to idle its facility as a result of negative margins that it anticipates will continue into next year. North West Terminal Ltd. (NWT) at Unity, Sask. is suspending all purchases of grain, and has cancelled its elevator license with the... Read More
A report by Capstone Partners outlines what it will take for widespread farm profitability to return to North American agriculture and how long it may take. Those hoping for a quick reversal of the downward market and profitability trend are likely to be disappointed, as some estimates puts a return to much better financial times... Read More
India has extended its exemption of 50 per cent duties on yellow pea imports by another two months. On Friday, India's directorate general of foreign trade published an order delaying the expiration of the import tariff exemption from October 31, 2024 to December 31, 2024. The Indian government originally lifted the prohibitive duties on pea... Read More
Seasonality is a big part of the conversation in this week's Beef Market Update with Anne Wasko of Gateway Livestock Exchange. In the last few years, the markets have been trending towards higher prices; however, as we start to steady out we are likely to start seeing a little more seasonality return to the cattle... Read More
There isn't really any more crop in storage than is average for this time of year, says Steve Kell, grain merchandiser with Kell Grain; however, current prices and price outlooks has many farmers less than enthused about pricing '24 crop. Kell notes that prices are 25 per cent lower than last year at this time,... Read More
The Chinese government shared more details as it formally started its anti-dumping investigation into canola from Canada on Monday. China's Ministry of Commerce says the investigation, which was announced days after the Trudeau government unveiled steep tariffs on Chinese electric vehicles, steel, and aluminum, is expected to take up to one year, with a September... Read More
Prices for key fertilizer products, including potash and phosphates, have trended lower in 2024 but tumbling farm commodity prices are making it difficult to navigate input costs for the 2025 crop. In this report from the Farm Progress Show at Boone, Iowa, ADM Farm Direct Fertilizer's Chris Meyer says he and his team are having... Read More