It's the tale of two very different markets when it comes to red and green lentils, with both markets seeing early excitement to the upside earlier this year. But now, Chuck Penner says, red lentil prices have dropped off sharply from the highs, while green lentil prices are strong enough there are new-crop bids already... Read More
Category: Markets
British cheese companies are ramping up pressure on the UK government to reach a deal with Canada before they lose preferential market access in the Canadian market on December 31. With the deadline looming, the cheese import issue has been linked with Canada's long-standing quest for increased beef market access into the UK. According to... Read More
Farmers and ranchers have gotten pretty familiar with high diesel prices, but have likely noticed a bit of a relief from last month's high. Patrick DeHaan, head of petroleum analysis at GasBuddy, says the average price of diesel across Canada right now is $1.81 per litre, down from $1.88 in mid-September. "Any decrease in the... Read More
Transport Canada has launched public consultations on Bunge's proposed US$8.1 billion acquisition of Viterra. Transport Minister Pablo Rodriguez decided in September that the combination of the two grain companies warranted a review under the Canada Transportation Act regarding the impact it could have on Canada's transportation system. Both Viterra and Bunge hold ownership interest in... Read More
The labour impasse between the St. Lawrence Seaway Management Corporation (SLSMC) and the Unifor union appears to have ended after a weekend of negotiations between the two sides. Approximately 360 members of five local chapters of the Unifor union in Ontario and Quebec were on the picket line starting October 22, 2023, after failed negotiations.... Read More
Welcome to the latest edition of our new (how long can we call it that?) monthly podcast: "Frontlines — Geopolitics affecting agriculture," with Shaun Haney of RealAgriculture and Jacob Shapiro, geopolitical analyst with Cognitive Investments and Perch Perspectives. As you would expect, this episode features a discussion on the Israel-Palestine conflict as it continues to... Read More
Unlike some other North American ports, the St. Lawrence Seaway shipping corridor is seasonal, and the labour dispute holding up product movement is putting serious stress on Ontario's agriculture sector during the harvest period. An estimated $20 million per day of grain isn't moving through the St. Lawrence Seaway after members of UNIFOR went on... Read More
Farmers and commodity traders alike have heard plenty of gloomy predictions from market analysts over the past few months. There are a lot of bearish feelings regarding grain markets, Chip Flory of AgriTalk says, but there are signs that commodity prices may be finding support. "The corn market is finding what it needs to do... Read More
There's always something to cover in the beef and cattle markets, but this week marks a decidedly non-volatile week in trading. Anne Wasko, with the Gateway Livestock Exchange, brings an update from the south to the north and from beef prices to live weights in this episode of the Beef Market Update. The theme of... Read More
Short-term bounces in grain prices should be viewed as selling opportunities in an overall bearish market, according to the president of grain marketing advisory firm IntelliFarm. The lack of bullish news on both the supply and demand sides of the balance sheets for most major crops has resulted in prices sliding over the last few... Read More