War between Israel and Iran forced oil prices higher last week, but had only modest impact on crop prices.
Tag Archives crop prices
Mideast war, U.S. biofuel policy and weather stack more uncertainty on an already stressful year
Canola is being supported by drought conditions and expectations that the old-crop carry-in to the new crop year would smaller than normal
U.S. farmers graze sheep under solar to survive
For the first time in four generations, the Raines family didn’t plant a single cotton seed last year. Chad Raines parked his tractor and rented out most of his Texas farmland to a neighbour.
Tariffs may threaten pricing
An analyst warns that tariffs and subsidies could throw a wrench into the commodity futures market
Tariffs and subsidies could undermine pricing mechanisms for many Canadian agricultural commodities, says an analyst.
Cargill plans overhaul after earnings fall short of targets
An internal company document says less than a third of the firm’s businesses met their earnings goal in fiscal 2024
BEIJING/SINGAPORE (Reuters) — Global trading house Cargill will undergo structural changes after missing internal earnings goals, with plans to streamline operations into three units instead of five, according to an internal company document seen by Reuters and two company sources. Agricultural merchants like privately held Cargill face challenges as prices of the commodity crops they […] Read moreFarmers’ grain price prospects continue to erode
If price predictions are correct, the 2024-25 crop year will see significant price declines for most crops. Wheat and flax are the only crops where prices may be a bit better than the crop year that just ended. The Market Analysis Group within Agriculture Canada issues regular outlooks for the principal field crops grown in […] 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
Most crop prices expected to tumble
UPDATED – October 26, 2023 – 1130 CST – Farm Credit Canada thinks the tide has turned for Canada’s crop producers after three years of rising prices and strong profits. “As margins are pressured by falling commodity prices, weather-impacted yields and rising expenses, the 2023-24 crop year likely won’t be as positive,” the organization said […] Read more
Crop prices could change little unless El Nino surprises
We are into harvest in North America and so it is not unusual for crop prices to weaken as deliveries from the combine increase. The question is: are these the seasonal lows and will prices firm into autumn, or could prices fall? There are no issues I see that will force changes to the current […] Read more
Profitability has been squeezed but situation not terrible
If the world remains more concerned about a recession than it does about hunger and higher food prices, farmers might have to wait through some glum months of disappointing prices and high costs until there’s better profitability.
But if those tightening stocks keep getting tighter, farmers’ profitability situation might get brighter in a hurry.
