Big opportunities lie in beef production

Cattle prices are high, beef demand is high and good times are likely to keep rolling until at least 2019. So said Canfax senior analyst Brian Perillat and National Cattlemen’s Beef Association consultant John Paterson at a recent Angus-sponsored cattle feeder meeting in Lethbridge. Fat cattle prices are flirting with $2 per pound, quality is […] Read more

Optimism prevails with some commodity analysts

LOUISVILLE, Ky. — The grain market pens should be full of bears, yet it appears a few bulls are also hiding in the corners. Darin Newsom of DTN/Progressive Farmer told the National Farm Machinery Show in Louisville that despite nearly every fundamental reason for the grains and oilseeds markets to be bearish, they actually aren’t. […] Read more

Stormy weather for soybean, corn prices

Soybeans, wheat, corn dismal | The end of the ethanol industry expansion and huge ending stocks mean bearish outlook

CALGARY — Farmers should prepare for crop prices well below the average of the 2006-13 “ethanol era” unless they base their expectations on disasters happening elsewhere, says Informa Economics. “We expect price pressure to be pretty inexorable,” Informa executive vice-president Rob Westmoreland said at his firm’s annual Canadian market outlook conference. “As we look out […] Read more

Analyst sees no end in sight for wide basis level

High ending stocks | With an abundance of crop, grain handlers see no urgency ‘to chase your grain’

DTN’s Canadian grain analyst painted a bleak picture of wheat and canola markets in this country. Cliff Jamieson suggested that burdensome stocks will constrain domestic prices and keep prairie basis levels at or near their current levels for at least a year, with only a slight chance of improvement be-tween now and next March. According […] Read more

High grain ending stocks will keep basis wide

ST. JEAN BAPTISTE, Man. — Farmers who are waiting for poor prairie basis levels to make significant im-provements might be waiting a long time, says CWB analyst Bruce Burnett. Gaping basis levels might last through 2014-15 because the crop surplus isn’t going away any time soon. “If we produce an average or reasonable-sized crop (in […] Read more