Markets
WINNIPEG(CNS) – ICE Futures Canada canola contracts are showing signs of wanting to climb higher due to recent moves in soybean oil and the Canadian dollar. The front-month March contract is still below the benchmark C$500 per tonne mark but is starting to creep toward it. Some of the movement can likely be traced […] Read more
Markets
Canola creeps towards $500 due to weak US dollar
Feed grains bouncing flat across Prairies
Feed barley in Saskatchewan fell 10 cents over the past week
WINNIPEG – Dry subsoil moisture conditions and a lack of snow cover in southern Alberta and Saskatchewan continue to create worries for many farmers. Conditions range from abnormally dry in many areas to full-on droughts around Regina and some areas south of Calgary, according to the website of Agriculture and Agri-food Canada. Feed barley bids […] Read more
Trump’s anti-trade agenda could be great for Canadian ag
As the U.S. digs itself into a deeper hole trade opportunities for Canada emerge
WINNIPEG (CNS) – As United States President Donald Trump follows his “American first” policy and pulls out of trade deals, it could spell future opportunity for the Canadian agricultural industry, according to Dermot Hayes, a professor with the department of economics at Iowa State University. “In D.C. it’s chaotic. It’s the craziest situation I’ve ever […] Read more
Maybe hold off on selling that wheat
Reduced supply and lower exports for the 2017-18 crop year
A 42 percent reduction in Australia’s crop and drought fears in the United States might increase Canada’s exports
Growers might want to consider holding off on selling their wheat until the tail end of the crop year, says an analyst. “A large part of the FarmLink strategy right now is to hold a block of wheat back into that time frame,” said Neil Townsend, senior market analyst with FarmLink Marketing Solutions. “We think […] Read more
Russia’s wheat dominance set to get bigger in the future
Ample wheat, weak currency boosts Russia's exports
For the first time since the days of the tsars, Russia this year will be the world’s largest wheat exporter at an expected 35 million tonnes. It will likely export a total of more than 45 million tonnes of grain once corn and barley are added in. Infrastructure constraints pose a limit to its exports […] Read more
Steady to lower durum market expected in West
Challenges include larger-than-expected production, a seasonal slow-down in demand and country-of-origin labelling in Italy
WINNIPEG (CNS Canada) — Larger-than-expected production, a seasonal slow-down in demand, and looming Italian country-of-origin-labelling regulations are all overhanging the Canadian durum market, with steady to lower prices anticipated over the next few months. Italian COOL regulations are set to come into effect in mid-February. The regulations will require pasta makers in the country to […] Read more
American industry lays plan to increase canola acres
U.S. growers receive subsidies for adopting conservation stewardship practices
The proposal is to offer a federal subsidy for growing canola and sunflowers as a way to expand the habitat for bees
The U.S. Canola Association wants farmers to receive a federal subsidy for growing the crop. It has created a proposal in conjunction with the National Sunflower Association and the American Honey Producers Association to increase the acres planted to canola and sunflowers to provide more suitable habitat for honey bees and wild pollinators. U.S. growers […] Read moreThe disruptive power of mavericks
MIDALE, Sask. — Maverick farmers are disruptive, and that’s good for their business, says Kevin Stewart. Stewart, who grew up on a southern Ontario farm and spent a dozen years in media before launching his own company, Ag Vision Media, told farmers at a Jan. 16 workshop that disruptive questions and habits lead to innovation. […] Read more
2018 could see record highs in beef production
Canadian beef cow numbers have not grown, but North America may see record highs in beef production this year, exceeding 30 billion pounds for the first time and surpassing the previous record set in 2002. The Canadian cattle herd has stabilized, but domestic beef production could still increase as more cattle are fed and processed […] Read more
Tidal wave of available market advice not to be feared
Who do you listen to for marketing and hedging advice? How do you pick to whom you listen? There is no shortage of people trying to tell you how to sell your crop and how to protect yourself against losing the value of your crop during a bear market or missing out on the gains […] Read more
