The expansion in canola crush capacity in Western Canada over the next few years is expected to create opportunities to not only maximize the amount of canola meal in domestic animal feed rations, but also to unlock new demand for feeding livestock and fish in the Indo-Pacific region. "We're probably seeing about another three million... Read More
Category: Markets
Wheat markets tend to err on the side of boring, as its one crop that is grown in essentially every region of the world. That said, ignoring what's ahead for the market could leave real dollars on the table if growers aren't paying attention to market moves. Neil Townsend, of FarmLink Marketing Solutions and GrainFox,... Read More
We've got some supply issues in the cow/calf sector, and we need to rebuild the U.S. cow herd. This is the message that Kevin Good, vice president of CattleFax, is sharing this week at the National Cattlemen's Beef Association Conference (NCBA) at New Orleans, Louisiana. After four years of massive liquidation across parts of North... Read More
There are convincing arguments to be made on grain markets moving to the up and to the down side. Right now, the bulls seem to have a slight edge, but all that could change quickly, says Neil Townsend of FarmLink Marketing Solutions and Grainfox. A general lack of big news has kept markets in a... Read More
Imperial says it plans to spend around $720 million on building the largest renewable diesel facility in Canada at its Strathcona refinery near Edmonton, Alta. The plant is expected to produce more than one billion litres of renewable diesel annually from locally sourced feedstocks, including canola oil, the company said on Thursday, noting this fuel... Read More
It's been nearly two years since the first in a series of five separate announcements were made regarding plans to build or expand canola crush facilities in Saskatchewan, largely in response to low-carbon fuel policies driving demand for canola oil. Announcements are one thing, but actual construction is another. While Ceres Global Ag has since... Read More
It's been a mild January so far in Saskatchewan, where star of the Beef Market Update, Anne Wasko of the Gateway Livestock Exchange, is reporting from today. Wasko joins guest host Lyndsey Smith this week to discuss cattle prices in the U.S., Western Canada, cattle-on-feed numbers, Canadian kill prices, and more. Check out the full... Read More
Grain marketing app company Combyne Ag has been acquired by Bayer Crop Science, joining Bayer's suite of digital tools for farmers. Combyne, which was known as FarmLead until 2020, will continue to operate at arms-length to Bayer's broader business, while benefiting from added resources and association with a partner with a shared vision, says CEO... Read More
While the longer-term outlook for exports to China, based on demographics, appears increasingly bearish, the short-term situation still has Canadian producers in a "sweet spot," according to a veteran western Canadian grain market analyst. China's National Bureau of Statistics reported the country's first official population decline in decades on Tuesday. While China's population still sits... Read More
Looking back over the past century, economic recessions have more often than not been preceded by a sharp rise in oil prices, as seen in the first half of 2022. Farmers and grain marketers should be looking to the energy market as a leading indicator for where other commodities are headed, according to a market... Read More