The Archer Daniels Midland Co. (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018.
 Photo: REUTERS/Brendan McDermid

ADM earnings double, helped by U.S.-China trade row

Chicago | Reuters – Archer Daniels Midland Co’s net profits doubled in the second quarter and beat Wall Street estimates, after a drought in Argentina and the U.S.-China trade spat boosted the U.S. grain merchant’s trading and oilseed processing businesses. Shares were up 1 percent at $47.86 after touching a three-year high on the New […] Read more

Commodity markets have been about as predictable as the weather as of late.

Weather, trade and our grain markets

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


FarmTech update continued

Weather and market information picked up on the winter meeting speaker circuit

While at FarmTech in Edmonton, I had a chance to hear speakers talk about weather and markets. Drew Lerner from World Weather Inc. is always popular. This year, he aptly named his presentation “Wild and Whacky Weather.” Lerner’s key message was that the weather across the Prairies and the U.S. is deeply influenced by the […] Read more

spring wheat

My answer to “the question”

What Brian Wittal has been telling farmers the markets will do this year

This time of year the question I get asked the most from producers is “what are the markets going to do this coming year?” I suspect I might have a better chance of trying to explain the meaning of life than trying to accurately answer this loaded question, but I am not one to shy […] Read more


Finding the price in the new age

Finding the price in the new age

With delisted futures contracts, who’s responsible for price discovery?

Over the past five years there have been major changes to the Prairie grain marketing landscape that have — or should have — changed the way you market your grain. The biggest change, and no doubt the catalyst for many of the changes since, was the removal of the monopoly marketing powers of the Canadian […] Read more

grain bins

Time to re-evaluate your grain marketing plan

With the crop in the bin, should you be selling now or holding out for higher prices?

This year’s fall weather was exceptional and most harvesting was done in record time. The biggest surprise I heard from producers is that yields were well above expectations. Many said they figured the yield monitors on their combines were out to lunch when they saw the numbers! This brings a good problem: most producers, even […] Read more


Wheat seeds spilling from hand, close-up

Summer fun in volatile grain markets

With markets making moves, it’s a good time to understand “basis only” contracts

Activity in both the grain futures markets and the old crop and new crop deferred delivery markets has been dynamic in recent months. Weather worries sparked futures markets dramatically higher in a short time. As the hot weather dragged on, buyers became eager to get their hands on old crop stocks, in case the new […] Read more

Soft white spring wheat.

A look back at pricing your wheat

Marketing grain is always a risky business. Here’s what could have happened

Spring seeding and combining went better than expected for the most part across the Prairies and the crops are off to a decent start. Excess rains in some regions and dryness in others has caused some concerns but overall the crop is in and growing and looking good. Weather forecasters are watching the current La […] Read more



(File photo by Dave Bedard)

Cargill expects grain glut to last long time

Seoul | Reuters –– Commodity firm Cargill expects international grain markets to remain oversupplied for a long time due to bountiful harvests and a rise in storage, the head of the global commodity trader said on Friday. Bumper crops have flooded many markets, dragging on prices for grains and hitting profits at agribusiness giants including […] Read more