Farmers urged to prepare for spring by knowing their costs and their soil and leaving room for flexibility in their rotations
Glacier FarmMedia – Commodity prices are at least a third lower than last year and input prices are stubbornly high, so farmers will need a spring strategy to squeeze every dollar from every acre, experts warn. “There’s going to be pressure on the margins for pretty much most of the crops that we grow in […] Read moreTag Archives MarketsFarm
‘Corrective bounce potential’ seen for canola
SASKATOON — Mike Jubinville is sensing that grains and oilseeds markets are slowly transitioning. “I’m willing to go as far as to say I’m no longer bearish on these agricultural markets,” the MarketsFarm analyst said during the company’s The Long and Short on Markets: Spring 2024 Edition webinar. Related stories: “But I think it’s premature […] Read more
Ukrainian grain exports expected to drop
SASKATOON — There will be less competition from one of the main players in the global grain market in the new crop year. The Ukrainian Grain Association (UGA) is forecasting an 18 percent drop in the country’s grains and oilseeds exports in 2024-25. Related stories: Ukraine is expected to ship out 43.7 million tonnes of […] Read more
China may not save canola exports
Asian country goes on buying spree but it might not be enough to meet Canada’s marketing target
SASKATOON — Momentum is finally building in Canada’s canola export program. MarketsFarm analyst Mike Jubinville has heard reports that China recently purchased up to one million tonnes of the crop from a couple of grain companies for delivery in the March through May period. However, he doesn’t think the Asian giant’s spending spree will have […] 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
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
EU running low on high protein spring wheat
The market fundamentals for spring wheat are bullish, says an analyst. “I think you’re probably going to be looking at better pricing opportunities here in the future,” said MarketsFarm analyst Bruce Burnett. Strong demand combined with supply problems in key export markets would suggest the crop is undervalued. Minneapolis spring wheat December futures have tumbled […] Read more
EU likely in market for Canadian durum
The vast majority of the European Union’s durum imports come from North America, with a little bit sprinkled in from Russia and Kazakhstan.
