The Good: The Ag in Motion show in Langham is over for another year. The good news was that I met a number of subscribers at our “One beer market outlook” event. Thanks for your questions and words of encouragement.000
Cattle markets analyst Jerry Klassen and grain market analyst Bruce Burnett talk at a “One beer market outlook” session
Photo Credit : Gord Gilmour
The Bad: Yesterday’s questions at Ag in Motion revolved around why canola traded lower in a rising vegetable oil market. Today there was no question about the market movement as the nearby contract rallied by C$23.90 per tonne to settle at C$699.90 per tonne. The bad news is that the market hasn’t managed to approach the levels prior to sharp downward move posted last Wednesday.
The Ugly: The question of the day regarded pea prices. That is ugly news as the prospects for a good crop and continued tariffs from China have weighed on the cash markets. Current pea prices range from C$8.00 to C$8.50 per bushel across the Prairies. This marks a sharp drop from both last year and the previous five years. The ugly news is that the Chinese tariffs are expected to continue through the 2025-26 marketing year.
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