The new marketing environment around wheat in Western Canada offers producers a much greater level of involvement than they’ve ever had when it comes to managing price risk. Should producers choose to step out of the contract environment provided by their local grain companies and buyers and go directly to the futures and options market… Read More
Tag: Jonathan Driedger
Farmers do an amazing job of keeping current on the latest agronomy findings, and many are keen to work on new and improved practices each year. But not everyone loves biology — some prefer the business side of farming and enjoy the time spent analyzing markets and setting up a hedging strategy. Each crop type… Read More
It sure is pretty when it flowers and the health benefits of the seed is hard to match, but growing flax can be a tough slog for farmers. It’s not terribly competitive, markets are volatile and the resulting straw is more of a waste product than second income due to limited options in the west…. Read More
Last week’s USDA report managed to bring one notable surprise to light. Soybean yields were actually much higher than anticipated. While that may have been a welcome surprise to farmers and is overall a good news story, there will be a bit of an adjustment period while a market, that doesn’t really like surprises, adjusts… Read More
The StatsCan June 2012 Acreage report was released yesterday and the surprises were limited but instead firmer confirmation of the 2012 seeding choices of farmers. Lentils were higher than expected, canola acres are above 20 million acres and barley has sprung back to higher levels than two years ago. Jon Driedger. FarmLink Marketing Solutions talked with… Read More
The global economy continues to be quite tentative. The situation with Greece and the implications for the eurozone as well as the slow recoveries in North American markets and elsewhere have investors walking on eggshells. Agriculture doesn’t seem to be exempt from that vulnerability either. Markets have been quite volatile, with commodity prices bouncing up… Read More
Are you having trouble looking down the line at the canola markets? You’re not alone. There are a number of sources sending mixed signals to producers. On one hand when we look at the charts, we see that the January-March futures indicate a strong sell (according to Barchart). On the other hand we see fundamentals… Read More
Demand for canola from crushers has remained strong throughout the summer months, stocks are tight and exports are good. That being said, harvest is just around the corner and a number of questions will be answered regarding actual acres and yield potential. Everyone is aware of the disastourous year that Western Manitoba and Easter Saskatchewan have… Read More
Does the canola market have room to climb further? Supply seems to be one of the main factors in the bid for a major break through $600/MT . Carry over from 2010 wasn’t that big, and demand is still good with crushers still processing. There are other reasons to think that supplies will remain tight… Read More
This week the USDA report really smacked the commodity market into a downward spiral on Wednesday. Most people said that the negative reaction was an over reaction but still it does wake some farmers up to the potential downward snap that this market can take. As Jon Driedger, FarmLiunk Marketing discusses below, this is great… Read More
Markets go up and markets go down. In the last thirty days canola has taken quite a run in multiple directions. Is it overbought, oversold or just right. Ask all of us in November. The trading range of $500 – $600 per tonne seems to be a real opportunity to trade the range but for… Read More
The new crop PRO’s were released at GrainWorld and the trend still seems to be strong for wheat. In Western Canada wheat acres will be up with the strong competitive prices that are being offered. Wheat is a good cropping option this year which is one of the reason many analysts are expecting pulse acres… Read More
Corn is the story that keeps on telling. With USDA revising yields and ending stocks lower in the US, the farmers with decent yields have enjoyed some great returns this year. I have even seen some corn acre forecasts for 2011 being discussed on CNBC’s Squawk Box. When there is this much hype and… Read More
Today the CWB released the October PRO’s and the result was a modest increase in comparison to what some thought. With the recent run in corn, the coarse grain complex has some bullish weight behind it. To wrap up the PRO’s, I talked to Jonathan Driedger from FarmLink Marketing Solutions. (SEE THE VIDEO BELOW) One… Read More
As we discussed with Dana Omland from Palmerston Grain last week, the USDA report shocked the market. With corn yields being revised lower in the US, many producers are wondering what is the deal with the next year of commodity prices. Will we see a repeat of 2007 or a quick trade and then the… Read More