Picton Terminals and Parrish & Heimbecker Limited have announced plans to build a bulk agricultural marine terminal at Picton Terminals in Ontario's Prince Edward County. The partners say the new terminal will significantly reduce travel time for local farmers, alleviate truck traffic on Highway 401 and enhance the overall efficiency of the agricultural supply chain.... Read More
Category: Markets
Monday's USDA acreage report was a surprise to Chip Flory not because of the numbers in the report, but because the acreage adjustment happened so soon in the growing season. Flory, host of AgriTalk, says the USDA's move to knock off 700,000 acres of corn and add a million soybean acres does make sense, but... Read More
Over 40 per cent of Ontario's beef farmers that access the Feeder Cattle Loan Guarantee Program are under the age of 40, and that figure is part of the motivation behind the government significantly increasing the money set aside for the program and doubling the amount a producer can qualify for. Minister of Agriculture, Food,... Read More
The summer doldrums seem to be hitting the U.S. cattle markets this week, with trades coming in at around $2 less than last week, whereas the choice cutout held steady. While it may feel as though cutout is struggling a bit, Anne Wasko, of Gateway Livestock Exchange, reminds us in this week's Beef Market Update... Read More
There are several ways to manage through market doldrums, including trying to yield your way to profit, cutting back on input costs, or keeping an extra close eye on every market move to capitalize on brief rallies. Neil Townsend, market analyst with GrainFox, suggests one more way to navigate the current grain market trends: get... Read More
A new soybean crush plant in North Dakota — about 150 miles from the Canada-U.S. border — has started receiving soybeans as it ramps up operations. The North Dakota Soybean Processors (NDSP) facility at Casselton, ND — just west of Fargo — has been designed to process 125 thousand bushels per day and 42.5 million... Read More
A corn price bump in the last week might be the exception not the norm for the next few weeks, and Steve Nicholson, global sector strategist, grains and oilseeds, for Rabobank, says farmers should reward the market with some sales and then move on. With a few notable exceptions, the 2024 corn, soy, canola, and... Read More
Depending on which side of the border you're on, cut-out prices and placements drifted lower in the last two weeks, but stuck with seasonal trends, says Anne Wasko of the Gateway Livestock Exchange. U.S. on-feed numbers are expected to climb by about 3 per cent year over year based on June data, while cash markets... Read More
When everyone does their job in agriculture, commodity prices go down. It's how a market works: low supply means higher prices, and with higher prices demand is rationed until prices fall back down. If there was a You Are Here sign for markets, this is it. When agriculture is doing its job, says Jody Lawrence,... Read More
It's grilling season and feed prices are down. Now that we've got the two positives out of the way, it's time to talk tough realities for the hog market. Christine McCracken, executive director animal protein for Rabobank, says cooler weather in the hog-producing areas of the U.S. has meant heavier hogs coming to market. Combine... Read More