A post-harvest review of market movements, and pre-pricing your 2019 crop
Some key changes pre-Christmas changed the tone of the grain markets. Dry weather in India started to impact pulse markets, pushing Canadian pulse values higher on concerns that India’s crop will not be sufficient to meet their needs. Buyers are trying to secure product before the situation gets worse and prices run even higher. Australia’s […] Read more
Now that you've got your crop in the bin, lower your risks by keeping an eye on it
The mood at the Agri Trade show in Red Deer in early November ranged from relief that harvest was done, to disappointment that harvest wasn’t finished, or was a poor-quality crop. Meeting with colleagues, neighbours and friends at Agri Trade is a good way for many to discuss and work through harvest stress, blow off […] Read more
Crunch some numbers before you handle tough and damp grain on your farm
For many farmers, an untimely month of rain and snow kept harvest at a standstill in September and October. A fall like this is a hard hit to take on any farm, especially knowing that every day you sat idle waiting to get back in the field cost you big money in lost revenue due […] Read more
Protect yourself and your farm by making a risk management plan in advance
In the middle of September, the Prairies were hit with frost, rain and snow. If this were a sporting event and I were the referee that would be enough for me to eject Mother Nature from the game along with a two or three game suspension for an unsportsman-like conduct penalty as her actions were […] Read more
Outlining some of the factors influencing post-harvest prices
Hot and dry weather across a large part of the Prairies advanced crops and brought harvest on ahead of schedule. Yields are variable, but the expectation is that we will end up with an average crop, based on 10-year average yields. Early reports of high protein up to 17 per cent in wheat has already […] Read more
Changes in world markets may give us another chance to lock in high prices
As the summer continued we saw a continuation of hot and dry weather across much of the Prairies and parts of the U.S. central growing region, not to mention other parts of the world like Australia, the EU, Russia and South America. This raised concerns of potentially tightened world supplies which pushed market values back up to the […] Read more
Local and global events are keeping markets moving. Keep your eyes on your own work
As the calendar turned to April most of the Prairies looked like they were back in January with the snow cover and cold. Due to the La Niña weather event persisting for longer than some had predicted, portions of the Midwest and Southern U.S. remained extremely dry, while the Northern States, like the Prairies were […] Read more
Approach your health plan as seriously as you approached your spring cropping plan
Many producers I talked to before spring seeding said they were going to run hard and put in long hours to make up for the late start. From a risk management perspective, the No. 1 priority every spring should be your health and safety. Over the past 10 years, advancements in equipment and technology have […] Read more
If you’ve changed seeding plans due to spring weather, check your contract obligations
So far, 2018 is setting up to be a year of extremes and challenges. There’s been record snow pack in the mountains and a drawn-out winter with excessive snow across the Prairies. Overland flooding across wide areas of the Prairies came during one of the latest springs in years. On April 21, I was in […] Read more
Know the full CGC rules to make sure your payment is protected when you make a sale
Not getting paid for the grain you deliver. It doesn’t happen often, but when it does, it’s a tough financial blow. Know the rules so you can protect yourself. The law in this area is in the hands of the Canada Grains Commission. Everything you read here in italics comes from the CGC website. Let’s […] Read more
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