With the 2020 seeding season around the corner, one grain trader and marketing manager says oat volumes are larger than normal and there's a good chance it will "throw the balance sheet out of whack" for quite some time. "Right now you're looking at production numbers that are probably the fourth highest in the last... Read More
Category: Markets
Grain prices ended one of the most hyped-up weeks in recent memory very mixed as the Phase One trade deal between the U.S. and China was signed. Put simply, the trade deal signed between China and the U.S. on Wednesday should’ve been a positive for grain and commodity prices in general, but the complex has... Read More
Grain markets ended the first full week of trading in 2020 mostly higher as the complex ignored some of the bearish data that the USDA presented in their monthly data dump, and instead, focused on the trade war deal expected to be signed by China and the U.S. next week. The main reason grain markets... Read More
The final numbers are starting to roll in for 2019 beef markets, and it appears that Canada is well-positioned for another good year. In this episode of the Beef Market Update, RealAgriculture's Shaun Haney and Gateway Livestock's Anne Wasko take a walk through 2019, considering the impacts of African swine fever, and where Canadian beef... Read More
Despite a bit of a sell-off on Friday, January 3rd, grain markets are starting 2020 strong, as trade deals buzz and strong export activity are fueling higher prices in a shortened trading week. Also weighing on the markets is the boatload of data that the United States Department of Agriculture (USDA) is going to release... Read More
The USDA released its latest cattle on feed report for December 1, 2019. Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totalled 12 million head, that's up 2% year-over-year. Placements in feedlots during November totalled 2.09 million head, 5 per cent... Read More
Like most years in the cattle business, 2019 brought highs and lows that will be remembered and some points we'd rather forget. From high packer margins, to uncertain feed costs, to strong demand, this year brought many challenges and opportunities for ranchers and feeders. It's time though to put 2019 behind us and look ahead... Read More
Grain markets finished the week before Christmas mostly all in the green as follow-on technical buying and physical buying pushed the complex higher. Meanwhile there is still some uncertainty about how the trade deals are going to be executed, namely the $50 billion in agriculture purchases that President Trump has said China would buy. This... Read More
The United States Department of Agriculture (USDA) published its final World Agricultural Supply and Demand Estimates (WASDE) report of the year, and according to some analysts, it was rather void of surprise or even change. "That was the problem — we didn't see anything, nothing changed," says FarmLead CEO Brennan Turner, in the following interview... Read More
Besides the weather, the issue of falling number discounts is a major frustration this fall for farmers in Western Canada. As farmers started to deliver grain to the elevator this fall, some were finding out that their delivery contracts included discounts based on falling number. Many farmers are asking whether this is legal under the... Read More