Tariff threats against Canada and Mexico are part of a bigger struggle that the United States is in with China, says Christian Lawrence, a senior-cross asset strategist with Rabobank.
Tag Archives Rabobank
Tariff threats called part of U.S. race with China
U.S. president’s actions are also seen as a possible negotiation tactic in upcoming Canada-U.S.-Mexico Agreement talks
Central banks put digital currency on the radar
Strategist weighs in on the U.S. dollar value and what it means to the Canadian ag industry
When it comes to global reserve currency for the agriculture industry, the American dollar is king, but it’s reign will not be forever.
Slowed immigration could reduce unemployment
The mass retirements that occurred during the COVID-19 pandemic also affected North American unemployment rates
The agriculture industry is tightly connected to the job market because of its seasonal nature, says an official with Rabobank.
Australia cashes in as U.S. cattle herd shrinks
A slump in U.S. beef production results in record Australian meat exports and big bucks for processors and producers
COOMA, Australia (Reuters) — In a refrigerated room, around two dozen employees in hats, gloves and blue plastic aprons carve and pack carcasses into boxes within minutes of their slaughter. The Monbeef slaughterhouse, owned by Bindaree Food Group and located about 100 kilometres south of Canberra, Australia, processes approximately 200 cattle a day, up from […] Read more
Bakers brace for costly Christmas as butter prices surge
The global market for butter has skyrocketed as low prices and high feed costs discourage dairy farmers around the world
PARIS, France — Global butter prices have rocketed in recent months, trading at record highs across Europe in bad news for bakers and pastry makers as they prepare for Christmas celebrations and already face high chocolate and sugar costs. Strong demand for butter, tight stocks and dairy processors’ preference to use more milk for the […] Read more
VIDEO: ‘Outside markets’ weigh on ag prices
Interest rates, crude oil prices, investment flows and global trade disruptions can influence crop and livestock markets
When broker David Derwin heard Donald Trump twice invoke “drill baby, drill” in his acceptance speech at the Republican national convention, he worried about what that might mean for western Canadian farmers. “Given the growing influence of oil on renewable fuels and therefore oilseeds, ‘drill, baby, drill’ is not supportive of canola,” said Derwin, a […] Read more
Bumper crop potential grows
LANGHAM, Sask. — Western Canadian farmers are sitting on a bumper crop, according to a leading grain analyst. “If we have a nice harvest period, we have the potential for having a close-to-record crop on the Prairies this year,” said MarketsFarm analyst Bruce Burnett. That observation is based on a recently completed 3,500-kilometre crop tour […] Read more
Good demand expected for Canada’s two biggest crops
Glacier FarmMedia – There should be good demand for Canada’s two biggest crops this year, an economist says. Stephen Nicholson, global sector strategist of grains and oilseeds for Rabobank, said the U.S. hard red winter crop is big and getting larger as the weeks tick by. On the surface that sounds like it would be […] Read more
Canola caught in the doldrums, but a rally could break out
Farmers have seen their future earnings bleeding out for months. Anybody with unpriced canola has seen about a 20 percent drop in futures values since July. Cash prices are, of course, lower in this sort of environment. It’s a bad way to enter winter and a puzzling one for some. “It’s a bit of a […] 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
