The percentage of hopper cars ordered by grain elevators in Western Canada that are not showing up on time has started to climb rapidly, according to the latest data from the Ag Transportation Coalition. CP Rail only supplied 61 per cent of the hopper cars that were ordered in week 8 of the grain year,... Read More
Category: Markets
This weeks' episode of the Beef Market Update is coming to you from the back of a horse, which is likely as authentic as we can get while we're talking cattle markets. Anne Wasko of the Gateway Livestock Exchange is moving cattle, as yes, we approach October. In the U.S., Wasko says this week is... Read More
Pricing and sourcing nitrogen and other fertilizer for the 2022 season was difficult and expensive. While many assumed the events and situations that caused much of the problem — Russia's invasion of Ukraine, pandemic-affected ports, etc. — would have subsided by now, the opposite seems more likely. With a natural gas crisis in the EU... Read More
Since the middle of August, the corn market has experienced a bit of a holding pattern, with trade sticking mostly sideways. Joe Vaclavik, founder and president of Standard Grain, says a big part of what is playing into this pattern is the uncertainty surrounding the size of the crop in the U.S. "I think there's... Read More
With harvest well underway, or even finished for some, markets continue to be susceptible to global events, but focus is now turning to what the actual yield numbers are as crops come off. Weighing in on the topic is Brian Voth, president of intetlliFARM, and he says he's skeptical of the demand that is being... Read More
September is seasonally not a stand out time for beef prices, yet we are starting to see some prices trend in a positive direction as the U.S. may be on the heels of another record year for beef production. Anne Wasko with the Gateway Livestock Exchange says to date, the U.S. beef production is running... Read More
The U.S. agriculture industry — and economy as a whole — breathed a sigh of relief early Thursday morning when Labour Secretary Marty Walsh tweeted that a tentative agreement had been reached between rail companies and the unions representing railway workers that were threatening to go on strike on Saturday. The Canadian agriculture sector, for... Read More
Nitrogen has been a hot topic, not only in Canada when it comes to emissions reductions, but worldwide as Europe faces steep increases on natural gas prices, which may have crop rotations shifting in the coming years for those producers, creating a domino effect for North American growers. In Europe, they've see a 3600 per... Read More
Oilseed markets moved higher following the release of the USDA's September crop report on Monday, September 12. U.S. soybean yield was pegged at 50.5 bushels per acre, about a bushel lower than the average pre-report trade guess and down from 51.9 bu/ac in the department's August report. The number of harvested soybean acres was also... Read More
As the commodity markets continue to hinge on the outcomes of several global factors, the glass-half-full approach is honing in on corn and what looks to be an upswing, as we look at the December charts. Slow and steady may win the corn race with consultants staying optimistic that a rebound is on the horizon.... Read More