The Bank of Canada raised target rates this morning by 0.25 percent. The Canadian dollar (CAD) initially responded by falling over a half cent, but closed the day slightly higher. While rate hike announcements tend to inspire a bullish dollar, what is often overlooked is what the market was expecting prior to the announcement. In... Read More
Category: Western Canada
As growers look ahead to seeding, it seems every single cropping option has pricing issues, but there also opportunities to look for. Supply has been a challenge for wheat and corn while soybeans and canola have benefited from strong demand that has assisted in creeping acres higher. READ: 7 Deadly Sins of Grain Marketing Shaun... Read More
The Canola Council of Canada is moving on without a core funder for 2018, as Richardson International went public with its withdrawal from the national canola industry group this week. Richardson has said it did not receive enough value to justify its investment in the Canola Council, after pushing for changes to the council over... Read More
It's been a great start to Manitoba Ag Days, as it celebrates its 41st anniversary. This year, the show features over 550 exhibitors and 63 speakers over 540,000 square feet of show space. But it wasn't always this size. "The show actually started as a weed fair, and it was...just 38 exhibitors," says general manager... Read More
One of Canada's largest grain companies says it has withdrawn from the country's canola and flax industry groups, leaving the Canola Council of Canada and the Flax Council of Canada with tough budget decisions for 2018. Richardson International, the parent company of Richardson Pioneer, is no longer funding the two national oilseed organizations as of... Read More
Soil moisture reserves from a wet year in 2016 carried the 2017 crop through a very dry summer across the southern Canadian prairies, enabling some better-than-expected yields, but also leaving the moisture bank account depleted heading into the 2018 growing season. The rapid transition from wet to dry has several implications for the upcoming season,... Read More
December ended with very cold weather across Canada, but overall Canadian tractor and combine sales numbers reported by the Association of Equipment Manufacturers (AEM) were hot, compared to 2016. The December 2017 the Association of Equipment Manufacturers Canadian Flash Report shows 2WD farm tractors up 15.1%, 4WD farm tractors up 24.5% and self propelled combines... Read More
The USDA will release one of its most anticipated reports on Friday — the January World Agricultural Supply/Demand Estimates or WASDE. Some analysts have referred to it as the Super Bowl of USDA reports. As in sports, the pregame discussions and speculation can be almost as much fun as analyzing the score(s) after the fact.... Read More