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 moreTag Archives Stephen Nicholson
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
