Concept of making money agriculture

Locking your crop prices in early

Some farmers are afraid to take on the risks of pricing too early in the growing season

In my experience, most farmers will not price grains six months prior to seeding because it seems too risky — they’re concerned about delivery risk. How can you reduce or eliminate delivery risk so that, if prices are profitable early in the year, you’re not afraid to price some or most of your crop and […] Read more

There are times when storing grain on your farm can be a good marketing strategy.

A marketing strategy for storing grain

Is it worthwhile to store your grain on the farm while you wait for commodity prices to rise?

Storing grain on the farm can be a good marketing strategy because, if managed carefully, it can increase a producer’s profits, but it’s important to have a handle on your storage and opportunity costs to assess if it’s actually going to put money in the bank. The capital costs of storage vary depending on whether […] Read more



(Dave Bedard photo)

Fertilizer prices look to rise by late summer

CNS Canada — A rise in prices for soybeans and other crops could make fertilizer more expensive in the coming months, according to a major player in the industry. In the May market report from the Mosaic Co., the company credited the rally in agricultural commodity prices, the strengthening of key currencies and various Indian […] Read more


Watch those pricing signs

Watch those pricing signs

Grade and protein spreads change during the year. Take advantage of change to increase your profits

My last column talked about futures spreads, and how you understand what’s happening in the marketplace by watching how and why spreads change over time. Now, a look at more pricing signals: grade and protein spreads. During the era of the Canadian Wheat Board, grade and protein spreads changed very little throughout the marketing year. The CWB, […] Read more

North American weather conditions have been a little more extreme.

We’re in weather market madness

Weather drives grain markets. And this year, weather is also driving farmers to distraction

We have had another summer of weather extremes. It started in May with dry weather across the Prairies and parts of the U.S. plains, and excessive rains across large U.S. grain-growing regions. June brought hot, dry spells across the Prairies. Then we topped it off with rain, hail and tornados in July — almost the prefect recipe […] Read more


(CMEGroup.com)

CME bars grain traders for years over wash trades, spoofing

Chicago | Reuters –– CME Group said Friday it barred a grain trader from its markets for three years for executing noncompetitive transactions and suspended another for two years for market manipulation. The traders, Aleksey Vsemirnov and Stephen Duggan, could not immediately be reached for comment. Vsemirnov executed numerous non-competitive transactions in wheat, oats, rice, […] Read more

oil derrick pumping in a wheat field

World events impact the farm

When you’re a farmer, world economics have a direct impact on your bottom line. Here’s a review of some of the hotspots to watch for the rest of the winter

Let’s review world events that could impact grain markets. Recent U.S. economic reports show the economy growing at a better-than-expected pace over the last few months. This is starting to push the U.S. dollar higher as investors look to the dollar as a safe investment haven. This is driving the Canadian dollar lower, back down […] Read more


Rye head in field

Filling a niche of our own

Our grain industry is evolving into a collection of small buyers, each looking for a specific product that will meet their specialized needs

We grow fall rye on our farm, which is not a common crop in our area. To make things even more interesting, we grow older varieties that are long-legged and prone to lodging and probably aren’t as high yielding as the newer semi-dwarf varieties. Are we ill-informed? Stuck in our ways? Suckers for punishment? Hopefully […] Read more