Monday, U.S. ag secretary Tom Vilsack released the final wording of the "Product of U.S.A." label requirements as it relates to several products, including beef and pork. Though voluntary, the rule is as restrictive — or more — than the mandatory country of origin labeling (mCOOL) requirements that spawned years and years of trade disputes... Read More
Category: Markets
Canadian farmers will be planting more pulse crops, oats, and durum in 2024. Acres of corn and soybeans are expected to be similar to last year, while wheat and canola area is expected to drop slightly, according to Statistics Canada's acreage estimates published on Monday, March 11. Most of the estimates were within the range... Read More
Houston, we have a problem — and it's larger-than-ideal crop supplies available combined with lagging demand for some oilseed and crush byproducts. That's at least part of what is going on in the oilseed complex, says Tyler Schau of AgMarket.net. He spoke with Shaun Haney at Commodity Classic last week held at — you guessed... Read More
We know the Canadian cattle herd has been shrinking, but by how much? In this week's Beef Market Update, Anne Wasko shares the January 1, 2024 Canadian cattle inventory numbers and provides some context on not only what it means for the current beef and dairy cow herd, but also how the inventory breaks-down by... Read More
Have you got your bushels covered? Matt Bennett of AgMarket.net says that if farmers still have a lot of unpriced grain, it's going to take some work to minimize losses in the next few months. Bennett spoke to several farm audiences at Commodity Classic at Houston, Texas, this week and he says farmers are listening... Read More
Sales of new tractors and combines have slowed down from a year ago, almost certainly due to lower commodity prices and higher interest rates. Combine and four-wheel drive tractor sales ended 2023 up slightly while sales of small tractors were down — in both the U.S. and Canada "As we look ahead to 2024, we're... Read More
The fertilizer market of yore could be relatively dependable for ebbs and flows in pricing. There were general seasonal highs and lows that storage-savvy farmers and retailers could use to their advantage. But in the last five years, on-farm storage has been as much about secured access as it has been about cost. The year... Read More
After rolling through a boom and bust cycle over the past few years, the oat market is searching for stability in both supply and demand heading into the 2024 growing season. Record high prices and seeded acres in 2022 led to a dramatic decline in prices and production in 2023. Acres are expected to increase... Read More
The race is on among canola processing companies to supply growing demand in the U.S. for canola oil as a feedstock for lower carbon-intensity fuels. Construction is underway on three of five planned canola crush projects in Saskatchewan, notes Chris Vervaet, executive director of the Canadian Oilseed Processors Association (COPA), in the interview below. Cargill,... Read More
Farmers sitting on unpriced grain aren't going to love this week's market report from Neil Townsend, market analyst with Grainfox. But not liking it doesn't change the facts: there's plenty of grain out there and buyers know they can get what they need at a lower price than many want to accept. Townsend, in this... Read More