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
Tag Archives crop prices
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.
