The Bank of Canada has announced it will hold firm at a 0.25 per cent interest rate for now; and, given the commentary around the announcement, likely for some time. According to J.P. Gervais, chief economist with Farm Credit Canada, it's not an unexpected outcome. "When you comb through the [Bank of Canada] statement, what... Read More
Category: Markets
Grain markets continued their march higher again this past week, as weather concerns, strong demand, and speculative buying continue to support the bulls. Wheat prices have been on a tear, with Chicago SRW values continuing to sit at 6-year highs on La Nina concerns. Meanwhile continued healthy Chinese demand for American corn and soybeans supported... Read More
Fall is often a time when farmers think about pre-purchasing or putting down some fertilizer in order to save a buck and some time in advance of the coming year. For late 2020, fertilizer tariffs on imports into the U.S. is changing the price dynamic and causing some uncertainty. Russian and Moroccan fertilizer companies have... Read More
Farmers have enjoyed an extremely rare harvest rally in several grain markets. For a discussion for what's behind the corn, soybean, and wheat market moves, this RealAg LIVE! features Matthew Pot, of Grain Perspectives! Don’t miss RealAg LIVE! weekdays at 1 pm M/3 pm E on your favourite social media platform! SUMMARY Corn ending stocks... Read More
JBS Foods Canada has announced a long-term commitment with Kanematsu, a Japanese food service and distribution company. Japan imported 49,317 tonnes of Canadian beef valued at $353.5 million in 2019. The company will focus on using Alberta Beef-branded product, including Northern Gold and the Canadian Diamond Black Angus brand, in development of this overseas partnership.... Read More
Grain markets had another positive week of momentum on dry weather concerns and continued strong export numbers, albeit traders took profits on Friday, limiting the weekly gains. Corn closed above $4 USD/bushel on the Chicago futures board for the first time since August 2019 as exports (both sales and shipments) to China continue to grow.... Read More
Many ranches across the prairies are getting into the weening season, which can mean only one thing — the weather is changing, and it's changing rapidly. The weather isn't the only thing that has been cooling down though — December live cattle futures dropped significantly over the past week, as Anne Wasko, of the Gateway... Read More
Grain markets headed into the October long weekend on a high note after the USDA published a fairly bullish October WASDE report on Friday, October 9th, 2020. In it, the UDSA dramatically lowered soybean ending stocks, which helped propel the oilseed complex higher, including canola and soybean futures getting back up to levels not seen... Read More
Ten cooperative members of Grains Québec Agriculture are joining forces with Sollio Agriculture in a limited partnership to form Sollio & Grains Québec. With projections of more than 2 million tons of grain marketed annually, Sollio & Grains Québec will be the largest buyer of grain from producers in Québec. Before this partnership, each co-op... Read More
There's a market rally happening, but it's harvest. What in the tarnation is going on with the grain markets? For that answer, we go to Jonathon Driedger of Leftfield Commodity Research, for this LIVE! Q&A. Don’t miss RealAg LIVE! weekdays at 1 pm M/3 pm E on your favourite social media channel — Facebook, Twitter,... Read More