Three Ontario grain companies are teaming up they say to leverage the members' unique strengths to offer a more comprehensive approach, focusing on the principle of "farmers helping farmers." Great Lakes Grain, Bacres Grain Inc., and Wanstead Farmers Co-operative have joined forces in a strategic partnership aimed at providing enhanced services to the agricultural community... Read More
Category: Markets
Futures prices for corn, soybeans, and wheat all dropped on Friday on the heels of bearish soybean supply numbers in the United States Department of Agriculture's (USDA) Sept. 29 Quarterly Stocks Report. Traders were paying close attention to old crop corn and soybean estimates, as a review of the balance sheet was completed. As expected,... Read More
Cash cattle prices have remained "amazingly flat" in recent months, says Anne Wasko of the Gateway Livestock Exchange. "We've had basically two months of an Alberta fed cattle market, where we've been between $231-$235 per hundred weight. So we're kind of done for trade up here for the week because of the holiday," she says... Read More
The outlook for oilseeds like canola and soybeans remains uncertain as harvest gets into full swing across North America, according to Tyler Schau of AgMarket.Net. For canola — which obviously has a much smaller footprint across North America — Schau notes there has been good production in some areas of Canada and North Dakota, though... Read More
Parliament is back in session, and that means it's time to fire up the political pundit machine! For RealAgriculture, that means the return of RealAg Politics. In this episode, hear from: Debra Conlon, Grain Farmers of Ontario, on Bill C-234, currently under consideration by the Senate ag and forestry committee, and an update on fertilizer... Read More
The slide in the wheat market following the highs in July has slowed down in September, but North American wheat futures continue to grind lower, with no clear bottom in sight. "There's not a lot of new stories out there that could spark the bullish movement [farmers] want to see," says Tyler Schau, hedging strategist... Read More
Canada's transport minister says Bunge's US$8.1 billion deal to acquire Viterra will face additional scrutiny to ensure fair competition at Canadian ports. In addition to the ongoing review by Canada's Competition Bureau, Transport Minister Pablo Rodriguez announced the proposed acquisition will be subject to a public interest assessment under the federal Transportation Act. "Given this... Read More
About 600,000 tonnes of Canadian red lentils and about 60,000 tonnes of green lentils head to India each year as a daily staple for thousands of India's citizens. It's an incredibly important export destination for Canadian pulses, and one that could be in jeopardy as tensions build between the two countries following Canada's accusation of... Read More
Current dynamics of the fertilizer market are quite different from where they were just one year ago. That said, there are still big demand questions, geopolitical pressures, and logistics issues yet to be hammered out — they're just in different places this year. To unravel the complex trade flows of phosphorus, potassium, and nitrogen fertilizer,... Read More
If you've been watching live cattle futures, you know there is some significant strength making an appearance. The Chicago Mercantile Exchange (CME) has been hitting new contract highs when it comes to live cattle futures — signalling strong demand and prices for cattle feeders in the United States. However, as Anne Wasko of the Gateway... Read More