While U.S. President Trump and Mexican President Obrador were meeting in Washington D.C. to celebrate the United States-Mexico-Canada Agreement, Prime Minister Trudeau was in Ottawa defending his government's mid-year fiscal update. It is no surprise that the numbers are not pretty, as the Liberals have attempted to rescue the economy with major support payments, just... Read More
Category: Markets
This week's Beef Market Update might be the most positive report we've posted in three very long months. In this week's episode, Anne Wasko of the Gateway Livestock Exchange joins Shaun Haney to catch up on the early summer numbers ahead of a holiday weekend. To start off in the green, Canadian slaughter data for... Read More
It's no secret that COVID-19 has had an impact on the cost of raw materials and energy prices. Due to the plummeting cost of raw materials, growing production capacity, and mediocre demand, there have been pressures on the global price indicators of nitrogen, phosphate, and potash to fall either to or near ten-year lows. According... Read More
COVID-19 has really thrown a lot of the economic forecasting out the window for the Canadian economy. The big question is, how quickly we can get back to normal? Glen Hodgson, fellow-in-residence at the C.D. Howe Institute at Toronto, Ont., joined Shaun Haney for a chat about our country's economic forecast. The economy rode a... Read More
As June winds down to a close, the United States Department of Agriculture (USDA) rolls out its revised acreage report. The latest report brought some surprises, to say the least, as some numbers were a significant revision from March, 2020. It is safe to say the market was a little shocked, as the USDA came... Read More
Grain markets took a pretty serious tumble to end the last full week of trading in June as beneficial rains fell, or are forecasted to fall on the large majority of North American growing regions. Thanks to said precipitation, the bearish players pushed corn and soybeans to fall every single trading session this past week,... Read More
Is canaryseed the itchiest of the crops? Will StatsCan find more canola? Why are Amercian farmers so reactive to incentives but Canadian farmers less so? These are just some of the questions posed during this RealAg LIVE! Q&A with Neil Townsend, of FarmLink Marketing Solutions. Listen/watch here, and check out the summary below: There are... Read More
Grain markets ended this past week rather mixed as demand and weather are supporting some crops, but not others. Winter wheat prices continues to pressured by harvest accelerating, while spring wheat and canola found strength on some technical factors and dryness in Western Canada. Despite some favourable long-term temperature & rainfall forecasts for most of... Read More
Looking back even just six weeks ago, few would have thought it would be possible to be back at the cattle processing levels that we currently are in Canada and the U.S. Anne Wasko, of the Gateway Livestock Exchange, says that many changes have occurred over the past few weeks during the face of COVID-19.... Read More
If there are any outliers in the rather bearish grain complex right now, Brennan Turner, founder of FarmLead and the Combyne marketplace, says wheat and maybe even soybeans deserve the title. Even though the latest WASDE says we're set for record global ending stocks for the yea, the COVID-19 pandemic has meant a boost in... Read More