Reading Time: 3 minutes With the most expensive crop ever planted mostly in the bin and the world becoming more unstable by the day, farmers face complex choices for canola marketing. Should they sell what hasn’t been contracted to take advantage of prices hovering around $19 per bushel in early October? Or should they hold and wait for another […] Read more
Tough calls: canola marketing is extra complex in an unstable world
Pull the trigger or hold and hope? That perennial question is even more complicated this year
Weekly Canadian canola exports climb higher
MarketsFarm – An influx of freshly harvested supplies saw weekly Canadian canola exports hit their highest level in nearly two years at the end of September 2022, according to the latest Canadian Grain Commission report. The 300,500 tonnes of canola exported during the week ended Oct. 2 marked the first time exports topped 300,000 tonnes […] Read more
Watch the big picture and local situation, say grain market analysts
A slowing global economy is a key storyline but so is the basis offered by your local elevator
Reading Time: 4 minutes Global economies appear to be “falling off a cliff,” with reduced demand for crude oil and other commodities pressuring grain prices downward, says an Alberta-based commodities analyst. At the same time, lower than expected U.S. corn yields are supporting canola, wheat and soybean prices, said Errol Anderson, president of ProMarket Communications. Be ready to move […] Read more
Pulse customers are calling but transport a worry
Pea and lentil production is rebounding but shipping woes continue
Reading Time: 2 minutes While some areas of Alberta struggled with a lack of precipitation and heat, pulse growers are faring much better overall than in drought-stricken 2021. But there’s been no turnaround when it comes to transportation woes. “We already know (there’s) going to be greater production this year, thanks to some timely rains we had earlier in […] Read more
U.S. says no weekly agriculture export sales data until Sept. 15
Reuters — The U.S. Agriculture Department (USDA) on Wednesday said it would not publish weekly export sales data for crops such as corn, soybeans or wheat until Sept. 15 at the earliest, leaving grain traders in the dark about overseas demand. USDA is struggling to launch a new reporting system for the data, which has […] Read more
ICE weekly outlook: The larger picture behind drop in canola
MarketsFarm – While the declines in canola prices can be partially attributed to the lack of major weather concerns on the Canadian Prairies and the early development of this year’s crop, an analyst said the main reason is on a grander scale. “The major one is the overall drop in the commodity world. For instance, […] Read more
Sky-high commodity prices to continue
Reading Time: < 1 minute Farm Credit Canada is forecasting that crop prices will continue to remain strong for the rest of the marketing year. “Some prices will ease off their recent highs, while canola, corn and soybean prices should increase,” the lender said in a market update earlier this month. The FCC forecast for canola is $990 a tonne […] Read more
2021 was a very robust year for Canadian ag
Reading Time: < 1 minute Canadian farmers contribute nearly $140-billion to the economy, says a new snapshot of the sector from AgCanada. “Despite COVID-19, the drought in Western Canada, the flood in British Columbia and other trade disruptions, the overall agriculture sector saw growth in 2021 and is expected to continue to perform well in 2022,” the department said. It […] Read more
Fallout from Russian invasion could last all year
Reading Time: < 1 minute Alberta Pork is warning its producers that feed costs could stay high throughout the year because the invasion of Ukraine by Russia has not only halted the country’s grain exports but disrupted trade patterns. “China’s need to fill the grain market void left by Ukraine is expected to push prices higher,” the organization said in […] Read more
Another volatile holiday week for grain markets
MarketsFarm – As trading is most often volatile between Christmas and New Year’s, this week did not disappoint. Canola pretty much ran the gamut, swinging higher one day, falling back the next. During the overnight session that ended on the morning of Dec. 30, the nearby January contract apparently hit a new all-time high when […] Read more
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