One of the good news items this fall has been the soybean story. Yields in Ontario this fall were outstanding, reaching record highs in some areas of the province while at the same time off combine prices reached seasonal highs. Demand is strong for soybeans from countries like China. Already everyone is speculating on the... Read More
Category: Markets
If you are interested in politics and economics like I am there is no more interesting fodder every night on the television than in the United States. I love debates and conflict on topics and the US has no shortage of them right now. Whether you are right, left or moderate you cannot deny the... Read More
By Dick Haney At the risk of sounding like the Saturday Night Live character Debbie Downer, there is a potential evil that lurks among us; it is how we leverage equity in our operations to buy more agricultural farm land. I think it would be useful to examine the similarities between Las Vegas and financial... Read More
In the last week I have received several emails and phone calls from people regarding whether or not the Federal Conservatives should have killed the Potash deal with BHP or not. One of the interesting emails I received was from Barry Senft the CEO of the Grain Farmers of Ontario (GFO). Senft and the Grain... Read More
Last week BHP's bid to purchase Potash Corp was killed by the Federal Government. Led by Brad Wall, Saskatchewan Premier there was a very vocal opposition and the deal was squashed by Prime Minister Stephen Harper's Federal Conservatives. What has been treated like a vote on the sovereignty of Saskatchewan, there has been jubilation from... Read More
Unless you have been hiding under a rock this week you probably have heard about the Canadian Federal Government killing the BHP acquisition of Potash Corp. Saskatchewan holds a significant amount of the world's potash and the more people I talk to the more that I realize this is more than just about selling a... Read More
Today the CWB released the October PRO's and the result was a modest increase in comparison to what some thought. With the recent run in corn, the coarse grain complex has some bullish weight behind it. To wrap up the PRO's, I talked to Jonathan Driedger from FarmLink Marketing Solutions. (SEE THE VIDEO BELOW) One... Read More
As we discussed with Dana Omland from Palmerston Grain last week, the USDA report shocked the market. With corn yields being revised lower in the US, many producers are wondering what is the deal with the next year of commodity prices. Will we see a repeat of 2007 or a quick trade and then the... Read More
As an exporting nation, Canada has a history of relying on a low currency. Unless you have been hiding under a rock for the past four years, the Canadian dollar no longer enjoys this low value luxury. Many producers who export are very concerned about the value of the Canadian dollar and some of the... Read More
The market just continues to get tossed around based on acreage, yield and carry out numbers from Stats Can and the USDA. Today it was the USDA's turn as they broke the news that they have revised their corn yield estimates down to 155 bu per acre from 160 bu per acre. It has been... Read More