Fertilizer prices are expected to vary over the next few months, with some types continuing to increase while others should drop, according to an analyst. Why it matters: Fertilizer can make up a sizable portion of farmers’ input costs, so rises and falls in the market can significantly impact farm margins. “The fertilizer market has […] Read more
Tag Archives Business/Finance — page 16
Global fertilizer market prices vary
An expected drop in potash prices has not happened as quickly as thought
Principles still guide Ontario co-ops today
Co-operatives offer an alternative to for-profit business models and allow owner-members to focus more on community
The St-Albert Cheese Co-op on the South Nation River in eastern Ontario will mark its 125th anniversary next year, setting it out as an example of how co-operatives can find and sustain long-term success. For St-Albert and about 25 other farmer-owned co-ops active in Ontario, several factors rise to the top when looking at the […] Read more
U.S.-China trade dispute continues to hold down soybean prices
Many currencies are falling around the world, with impact on ability of some countries to buy grains
Most of Ontario’s cropping region received 20 to 30 millimetres of precipitation over the past two weeks. Corn and soybeans have been developing under favourable conditions. The winter wheat harvest is wrapped up while harvest progress for spring wheat is quite variable. Statistics Canada released its crop survey on Aug. 30 and production came in […] Read more
Commodity prices, trade cloud equipment sales projections
The decline in the Canadian dollar makes imported equipment more expensive for farmers
At Farm Credit Canada, we project total tractor sales to increase 1.4 per cent in 2018 and decline 1.6 per cent in 2019. The outlook for combine and 4WD tractor sales is more pessimistic as sales are projected to normalize to levels below the 2013-17 average sales. Our projections embed a high level of uncertainty. […] Read more
Soybean price continues to be pressured
The Ontario soybean and corn crops look to be progressing well, but much of the winter wheat crop ended up as feed
Ontario cropping regions received above normal precipitation over the past 30 days, enhancing crop development for corn and soybeans. The corn crop is in the grain filling stage while pod filling is nearly complete for soybeans. The bulk of the winter wheat crop has been harvested while combines have rolled over limited acres of spring […] Read more
Opinion: Fall economic update could send important signals
Capital Letters: Morneau’s fiscal update will have to reassure Canadians
In less than a month, MPs will return to the nation’s capital from their summer vacations and settle back into the routine of passing legislation, holding committee hearings and meeting with lobbyists and industry representatives. The fall session is always a busy time, with MPs eager to get back into the Ottawa swing of things. […] Read more
Watch for stronger commodity sales opportunities during the fall period
Markets are more sensitive to changes in supply than they were 10 years ago
The grain and oilseed markets are digesting the Aug. 10 United States Department of Agriculture (USDA) report. U.S. corn and soybean yields came in on the high side of pre-report estimates setting a negative tone for the futures market. The 2018-19 U.S. soybean carryout will be a record. However, the downside is limited due to […] Read more
The new world of Canadian dairy pricing
Nearly 30 per cent of the price farmers receive for milk is now tied to global prices
Dairy farmer Paul Vickers knew change was coming, but he was still a bit shocked when his June milk payments brought in less revenue than usual. Like many dairy farmers across Canada, Vickers is adjusting to swings in revenue unlike anything seen since the advent of supply management almost 50 years ago. A greater percentage […] Read more
Give up tariff, not TRQ
Economist argues there’s more damage by ceding tariff rate quota levels in trade deals than just reducing tariff
Public commentary regarding the North American Free Trade Agreement negotiations is mainly on the auto industry, as is appropriate. But another of U.S. President Donald Trump’s whipping boys is U.S. market access to Canada’s supply managed dairy and poultry industries. In the fourth round of the NAFTA discussions, the U.S. negotiators tabled a proposal to […] Read more
USDA forecasts record U.S. soy stockpile as trade war roils exports
Washington/Reuters – U.S. soybean supplies were forecast to rise to the highest ever as a trade war with China, the world’s largest buyer of the oilseed, will cut into exports, the U.S. Agriculture Department said July 12. USDA, in its monthly supply and demand report, pegged soybean ending stocks for the 2018-19 crop year at […] Read more
Cyber-Savvy Farmer
