Grain markets were able to rebound in the 3rd week of August as crop tour results and some technical buying help moved the complex higher. While we’ll dig into the ProFarmer crop tour results in a bit, corn and soybean prices weakened towards the end of the week on both farmer and technical selling, as... Read More
Category: Markets
When we last heard from Anne Wasko of the Gateway Livestock Exchange — about three weeks ago — demand was looking pretty good, and looking into the future, it looked exceptional. Now, sitting in the future, we can safely say demand for beef is working its magic, and working at a strong pace. "It's been... Read More
Back in February, the opportunity for pork and beef protein exports from North America to China was so promising. The potential vacuum of demand for proteins after African swine fever (ASF) outbreaks in the Chinese pork industry could have been filled by North America, but COVID-19 has thrown a wrench in the whole prospect. "The... Read More
You've most likely heard of the Keep It Clean program across Canada, but around August, communication in the marketplace ramps up about the crop quality initiative. The program — run together by Pulse Canada, the Canola Council of Canada, and Cereals Canada — provides information to growers and industry on potential market access risks, and... Read More
The amalgamation of Canadian International Grains Institute (Cigi) and Cereals Canada meant finding a new chief executive officer. That role is now filled by Dean Dias, who comes from the Cigi side and brings years of experience in a variety of roles. "When I first moved to Canada in 2006, from Mumbai, India, I never... Read More
There have been dramatic impacts on the Canadian and global economy due to COVID-19. In the midst of all of this, one might wonder where the global and domestic economies are headed and what the future might bring. "The first thing that comes to mind when you think of things being unprecedented, more than anything... Read More
Grain markets ended the second week of trading in August mostly in the green, despite a bearish WASDE report from the USDA that suggested record national average yields for both corn and soybeans. Arguably, these yields have been priced in though, and the complex rallied on a devasting “derecho” windstorm in Iowa and some solid... Read More
The USDA boosted its yield estimates for corn and soybeans in its August World Agricultural Supply and Demand Estimates (WASDE). While the report was generally thought of as bearish, both corn and soybean futures ended the trading day on Wednesday higher. The department's first survey-based corn yield forecast comes in at a record 181.8 bushels... Read More
Domestically, Canada's agri-food system is facing a lot of challenges, but the pressures aren't from just within the country. Many newly-felt pressures are from external forces. A new report from Agri-Food Economy Systems based out of Guelph, Ont., outlines these new pressures on agri-food policy in Canada. The list of those pressures in the report... Read More
There are 54 grading factors for wheat included in the grain grading guide provided by the Canadian Grain Commission (CGC), but many may be surprised to learn that falling number isn't one of them. It may not be a grading factor, but falling number is used as a world standard in the grain and flour... Read More