It's a surprise to only a few at this point to hear we're currently at a 20-year high in the fertilizer markets. The reasoning comes from a combination of things, but as Ryan Furtas, market analyst with Alberta Agriculture and Forestry explains, a hike in crop prices, an increase of feedstock costs, and as we... Read More
Category: Markets
The economic state of affairs for Canada right now is an interesting mix of rising prices, decreasing unemployment, and strong demand for export goods. There are both positive and negative factors at play in Canada's economic recovery from the pandemic. Craig Klemmer, principal economist at Farm Credit Canada says that we're seeing different levels of... Read More
Not that this anecdote means anything to the markets, but Canadian farmers grew more corn than canola in 2021, thanks to record corn yields in Ontario and severe drought on the Prairies. Canola production for 2021 was pegged at 12.6 million tonnes, with corn coming in at 14.0 million tonnes, in Statistics Canada's final crop... Read More
In this week's Beef Market Update, Anne Wasko of the Gateway Livestock Exchange breaks down the beef markets, including what's going on in the U.S., whether or not their tides have permanently turned for choice cut-outs and choice select prices, and how western Canadian numbers are faring in comparison. The U.S. didn't take a lot... Read More
Turn on Bloomberg, CNBC, or Fox News and just about every mainstream news outlet is talking about inflation. But how worried should farmers or ranchers be about inflation? In some ways, farmers or ranchers may be set up to benefit from inflation, says Shawn Hass of RBC Dominion Securities, in this interview with Shaun Haney... Read More
The temperatures may be headed downwards and winter is on its way, but beef cattle prices aren't going to be following that trend. "We've had another super week in the U.S. in terms of cash trade," says Anne Wasko of the Gateway Livestock Exchange, in this week's Beef Market Update. "Last week the market started... Read More
The November World Agriculture Supply and Demand Estimates (WASDE) report from the USDA was released Tuesday, and the market responded by moving higher across most of the board. Big sigh of relief for markets as #soybean yield falls to 51.2 bushels per acre and #corn "only" goes up to 177.0 bpa. #Corn up 10, #soybeans... Read More
There are many input decisions to be made at any given time on the farm. Some of those decisions have to be made in-crop, such as for crop protection, while others happen well-ahead of the growing season, like those on fertilizer and seed. Based on supply chain issues, major price increases, and potential product shortages,... Read More
The drought many producers faced this past growing season is continuing to wreak havoc in many different directions. But, what happened with crops that are better suited for hot and dry conditions? Durum wheat is one of those crops. Canadian production of durum wheat lies solely in the southern parts of the prairies and is... Read More
As of November 1, the Canadian Grain Commission (CGC) says it has received 23 formal complaints from producers about delayed payments for grain delivered to Cargill over the past several months. Twenty-one of the 23 complaints have been resolved, while two are pending resolution, says CGC spokesperson Remi Gosselin. The complaints have been filed by... Read More