Escalation of the Russia-Ukraine war is weighing on farmers' minds as harvest quickly approaches. Those who follow markets are usually comfortable reading charts and tracking fundamentals but how many are comfortable trading on military strategy? It's pretty new territory for sure, says Ted Seifried of Zaner Ag Hedge, in the video below. The Black Sea... Read More
Category: Markets
Cattle and calves on feed in the U.S. for feedlots with capacity of 1,000 or more head totalled 11.2 million head as of July 1, 2023. The inventory number was two per cent below year-over-year, according to this USDA, falling in line with trade expectations. Anne Wasko of the Gateway Livestock Exchange says this trend... Read More
It is hot hot hot in many parts of North America right now. We are likely aware of how the heat is impacting us, but the question today for Anne Wasko of the Gateway Livestock Exchange is how is this impacting the cattle markets? In this episode of the Beef Market Update, Wasko explains that... Read More
The U.K. received the okay from Canada to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Saturday and typically pro-trade industry groups are voicing their deep disappointment in Canada's decision to allow it. The Canadian Meat Council (CMC), Canadian Cattle Association (CCA), and the CanadianPork Council (CPC) released a joint statement following... Read More
Russia has terminated an agreement that allowed for Ukraine grain movement through the Black Sea, claiming its own agriculture products are not being allowed through the trade corridor. The deal, originally brokered by Turkey, was extended earlier this year to allow for agriculture product movement out of Ukraine. Grain shipments through the region were largely... Read More
If you're wondering what on earth is going on with the canola market, you certainly aren't alone. Shaun Haney, RealAgriculture founder, took this question to Jonathon Driedger, vice president of Leftfield Commodity Research, to gain some clarity. At the time of the interview, November canola was almost at $800. At the end of May, the... Read More
Port workers in B.C. who have been on strike for the past 13 days will be returning to work, after the British Columbia Maritime Employers Association and the International Longshore and Warehouse Union Canada agreed to a proposal from federal mediators on Thursday. The two sides have reached a tentative four-year agreement and are finalizing... Read More
Corn, soybean, and wheat futures all dropped on Wednesday following the release of the U.S. Department of Agriculture's July supply/demand estimates. The USDA did not reduce its production estimates to the extent analysts were expecting due to dry conditions in the U.S. Midwest and the markets reacted to the downside for August soybeans and the... Read More
We're into the dog days of summer, and the cattle markets are certainly reflecting that. Add in the July 1st holiday in Canada, and July 4th in the U.S., and we've got a slow start to the markets this week, says Anne Wasko of the Gateway Livestock Exchange. However, that doesn't mean we don't have... Read More
Farmers across Canada may have planted slightly more canola and wheat than expected, if Statistics Canada's acreage estimates prove to be accurate. The agency released its June field crop survey results on Wednesday (June 28), and it underlined a shift away from pulses and smaller acreage crops toward growing more canola, wheat, soybeans, and corn.... Read More