Crop Management
A technical analysis had DTN lead analyst Todd Hultman thinking soybean oil futures were going to finish October by closing above the 20-day average of US54 cents per pound. That would have signaled a bottoming out in prices and a bullish change in short-term momentum. That did not happen. Prices continued to fall, closing at […] Read more
Crop Management
Four-wheel drive tractor sales strong in Canada
Long-term optimism in the sector cited as reason ag equipment sales have been strong for three years in North America
Soaring sales of four-wheel-drive tractors this year in North America is a vote of confidence from farmers in the long-term future of their operations as they embrace new technologies, says an industry leader. Sales have increased 43 percent in the United States this year and 22 percent in Canada, said Curt Blades, senior vice-president of […] Read more
Fendt sales growth exceeds expectations
It seems the good times are likely to continue for a while yet in the farm machinery industry. Agco reported its third quarter earnings in October, and the news was all blue skies. Delivering his state-of-the-company report during a corporate earnings webcast, Agco president and chief executive officer Eric Hansotia revealed how the company’s bank […] Read more
Indian market pays a premium for green lentils
The current massive price premium between green and red lentils is justified, says a trader of the crop. The premium for large green lentils over reds has averaged US$414 per tonne since the start of the 2023-24 marketing year, according to Stat Publishing. That is more than double last year’s average of $202. Related stories […] Read more
Seaway strike ends as tentative agreement reached
Lock workers are back at work along the canals that offer transit through the Great Lakes to the Atlantic Ocean after a Sunday evening tentative resolution to the job action, which threatened to back up St. Lawrence Seaway grain shipments. The resolution announced by Unifor, the St. Lawrence Seaway Management Corp. (SLSMC) and federal labour […] Read more
Petroleum’s influence on crop prices increases
The job of a grains and oilseeds analyst has become more complicated. “We can’t look at ag commodities in isolation anymore,” said Owen Wagner, senior analyst with Rabobank. “We always have to have an eye on petroleum in the background.” The link between those commodities started in 2006-07 when 10 percent of the soybean oil […] Read more
Sask. farmer promotes 10 cents per acre campaign
It’s clear to Kristjan Hebert that farmers aren’t very good at marketing. He’s not talking about marketing crops or livestock — many producers can do that. He says what they lack is the ability, or willingness, to sell farming as a potential career to young Canadians. “Just scroll through social media and you’ll see the […] Read more
Canola price increase expected
Farmers might want to hold off a bit longer on marketing their canola, says an analyst. MarketsFarm analyst Mike Jubinville is advising growers to wait until prices climb another $1 per bushel before making any more incremental sales. “I suspect there’s room for an oversold canola market to have some element of bounce to it,” […] Read more
Wheat market ignores usual signals
Bruce Burnett did not mince words during a recent MarketsFarm webinar. “The wheat market has been brutal, there’s no question about that,” said the analyst. It has gone counter to what he was anticipating for 2023-24. Nearby Minneapolis wheat futures prices have been on a steady decline since early 2022, seemingly ignoring market fundamentals. Wheat […] Read more
Russian invasion takes toll on Ukrainian farmers
Ukraine’s farmers are “on the verge of bankruptcy,” says the country’s largest agricultural association. Crop production losses could reach US$3.2 billion, according to the pessimistic scenario of a financial forecast prepared by the Ukrainian Agri Council. Under the most optimistic scenario, where the country is once again able to fully use its Black Sea ports, […] Read more
