Whether it is the drop in oil prices due to a major spat between Russia and Saudi Arabia or the COVID-19 outbreak, the ethanol industry is dealing with massive challenges in the short term. Ethanol plants in Canada and the U.S. are reportedly scaling back production as a result, which is creating concern for corn... Read More
Category: Markets
If you don't have diesel pre-purchased yet, when do you pull the trigger? In light of the current demand situation — hey there, global pandemic — one analyst says it may be prudent to hold off for a bit. Let's start with demand. Without a doubt, the global response to COVID-19 is having a huge... Read More
Grain markets were mixed to end the third week of March with oilseeds and wheat finding strong gains near its end while corn and oats couldn’t recover deep losses earlier in the week. In the broader markets, U.S. stocks had their worst week since 2008, with the Dow losing 17.3 per cent, the S&P 500... Read More
It seems like with the current state of the world, no one is short on questions; and fertilizer supply is no exception. Mike Lowery, Canadian sales manager for Archer Daniels Midland (ADM), and Jake Niederer, director of sales and marketing for ADM, joined RealAg Radio host Shaun Haney to discuss the current fertilizer market across... Read More
While the COVID-19 pandemic is unlike anything in modern-day history, commodity markets are — perhaps surprisingly — adjusting and adapting to the global market sell-off. In this interview (recorded Thursday, so keep that in mind on quoted numbers), RealAg Radio host Shaun Haney and Brian Voth with IntelliFarm break down what's going on in the... Read More
The Bank of Canada took a step to attempt to soften the blow of COVID-19 on the economy by dropping its key rate by another 50 bps to 0.75 per cent — the second cut in as many weeks. The Bank of Canada also took additional measures with banker acceptances to keep the short term... Read More
Grain markets ended the second week of March in the red as the complex sold-off alongside oil and equities as panic-selling was the only trend to speak of. Corn and wheat futures were able to rebound a bit on Friday, but May soybeans fell to new contract lows on demand fears and some better weather... Read More
What a week. Frankly, the last week and even two weeks has been wild enough — let alone the last 24 hours — as the impact of COVID-19 makes its way into North American travel bans, the stock market, oil prices, the Canadian dollar and more. The volatility has been extreme. Anne Wasko, of the... Read More
For many of the commodity futures in meats and grains, it has been a very rough two weeks of panic selling in response to coronavirus economic impacts. The sell-off has not been isolated to agricultural commodities, as the equity market in the U.S. is now officially in a bear market and down 20% off of... Read More
Grain markets mostly ended lower again this week as the concerns about the coronavirus and grain demand continue amidst some volatile trading on the broader equity markets. This said volatility though tends to indicate a bottom is nearby. Countries around the world continue to provide economic stimulus as a way to mitigate the financial impact... Read More