THURSDAY, NOVEMBER 6, 2014
VOL. 92 | NO. 45 | $4.25
QUALITY MATTERS | CANADA’S REPUTATION P6
SERVING WESTERN CANADIAN FARM FAMILIES SINCE 1923
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WWW.PRODUCER.COM
CROPS | MARKETING
Predicting grain markets can be tricky BY D’ARCE MCMILLAN SASKATOON NEWSROOM
Very different crop market outlooks are presented on pages two and three of The Producer this week. Analysts at the Cereals North America conference in Winnipeg looked at over-supplied markets and slowing demand growth for biofuel and predicted that farmers should get prepared for years of disappointing prices for major crops. The other forecast is based on a technical analysis of price charts. Darin Newsom, a DTN analyst, noted last week’s crop price rally pushed corn above technical resistance points, marking what could be a major turning point in the long price slide since 2012 and the start of a long grind higher. The two outlooks seem at odds, but both could prove correct. A low could be in and prices could rise but remain well below the strong levels of recent years, challenging farmers’ profitability. Only time will tell.
Dale Adrian of Beechy, Sask., unloads durum at the Gardiner Dam Terminal near Strongfield, Sask., Oct. 30. |
WILLIAM DEKAY PHOTO
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COVERAGE OF CEREALS NORTH AMERICA 2014, PAGES 3, 6-7 & 8 STATUS | ANIMAL DISEASE
Markets hinge on BSE upgrade BY ROBYN TOCKER SASKATOON NEWSROOM WITH FILES FROM BARBARA DUCKWORTH, BARB GLEN AND MARY MACARTHUR
Insufficient test samples could jeopardize Canada’s ability to shake
the stigma of BSE that has hounded the cattle industry since 2003. The country could be listed among those with negligible risk of BSE if no more cases of the brain-wasting cattle disease are found between now and 2016.
That could open additional trade opportunities. However, getting that designation from the World Organization for Animal Health (OIE) depends on enough testing to prove absence of BSE, and cattle producers are not providing
enough samples. Canada-wide, 20,803 animals have been tested in the first nine months, but 30,000 are needed by year end. SEE MORE BSE TESTS, PAGE 2
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Farmer-owned grain handling & fertilizer distribution. Think of the market power. Regardless who controls the CWB, Genesis Grain & Fertilizer is moving forward with its plan to get real farmer ownership in the value chain. It’s not about recreating history. It’s about giving farmers the opportunity to profit from margins rather than pay for them. It’s about time.
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Learn more online or call us to participate.
FNA.CA/GRAIN 1-877-362-3276
Participation is limited to accredited investors or those who are otherwise exempt. You do not need to be an FNA Member to participate.
The Western Producer is published in Saskatoon by Western Producer Publications, which is owned by GVIC Communications Corp. Publisher: Shaun Jessome Publications Mail Agreement No. 40069240
NOVEMBER 6, 2014 Return undeliverable Canadian addresses to: Box 2500, Stn. Main, Saskatoon, SK. S7K 2C4