Reading Time: 5 minutes Trade wars around the globe have created a turbulent marketplace for Canadian farmers — and the wild ride isn’t likely to end any time soon. “Over the past two years, the markets really stand apart from what I’ve seen in the 30 years that I’ve been following the grain markets,” said Mike Jubinville, senior market […] Read more
Buckle up — grain markets are in for a bumpy ride
Politics, protectionism and the increasing odds of a global recession make for a ‘tough market’
Feed weekly outlook: Spring weather may swing Prairie feed markets
MarketsFarm — Weather conditions have the potential to swing feed grain markets in Western Canada over the next few weeks, although prices generally remain steady for the time being. “Spring is here, and as the snow melts it creates mud, road bans and all that lovely stuff,” said Brandon Motz of CorNine Commodities in Lacombe, […] Read more
U.S. grains: Soy down as supplies outweigh China demand
Chicago | Reuters — U.S. soybean futures fell to three-week lows on Thursday as improving crop prospects in South America overshadowed renewed Chinese demand for U.S. shipments. Corn futures also fell to the lowest in three weeks on concerns about demand from ethanol producers and as forecasts for rain in dry areas of Brazil’s corn […] Read more
ADM earnings double, helped by U.S.-China trade row
Chicago | Reuters – Archer Daniels Midland Co’s net profits doubled in the second quarter and beat Wall Street estimates, after a drought in Argentina and the U.S.-China trade spat boosted the U.S. grain merchant’s trading and oilseed processing businesses. Shares were up 1 percent at $47.86 after touching a three-year high on the New […] Read more
Strong prices give grain growers a reason to celebrate
It’s been a tough growing season but higher prices for wheat, canola, and lentils have created ‘some good optimism’
Reading Time: 4 minutes It’s been a tough year for grain growers in Alberta, but strong prices are giving many a reason to celebrate as they head toward harvest. “If you look at the positives, there has been a move higher in prices in crops that are really impactful for Prairie farmers,” said Jonathon Driedger, senior marketing analyst at […] Read more
Canadian wheat decline with U.S. futures, rising loonie
CNS Canada – Hard red spring wheat bids in Western Canada lost ground during the week ended July 28, as declines in the US futures and strength in the Canadian dollar both weighed on prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by C$8 to C$11 per tonne […] Read more
Analysts see breaks in the clouds for Alberta producers this year
A global grain glut has been weighing on prices, but wheat, barley, and pulses could go higher — and canola will continue to shine
Reading Time: 3 minutes There’s a global grain glut, but it shouldn’t have a negative effect on Alberta crop producers come fall, say two market analysts. Although it’s early days yet, both were quick to add. “We’re at the stage of the year when there are more questions than answers,” said Chuck Penner of LeftField Commodity Research in Winnipeg. […] Read more
Cargill expects grain glut to last long time
Seoul | Reuters –– Commodity firm Cargill expects international grain markets to remain oversupplied for a long time due to bountiful harvests and a rise in storage, the head of the global commodity trader said on Friday. Bumper crops have flooded many markets, dragging on prices for grains and hitting profits at agribusiness giants including […] Read more
Tips for managing market volatility in 2017
Reading Time: < 1 minute It’s too soon to say exactly how market volatility in 2017 is going to play out, but Errol Anderson has some tips to manage whatever the markets throw at you in the coming year. Strong Futures-Strong Basis What should you do? “Price it. It’s tough to do because, at that point, everybody is bullish. But […] Read more
The future looks dangerous, says market watcher
Central banks have created an economic bubble and when it bursts, demand for everything will screech to a halt
Reading Time: 5 minutes Errol Anderson’s opinion on the global economic downturn isn’t one you’ll read in too many newspapers. “I’m going to make a bold statement: We are at the end of an 80-year capitalistic cycle that has already been prolonged 10 years by central bank manipulation. It has to be refreshed, and it will be,” said Anderson, […] Read more
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