Insights and Stories of Glen Hallick - MarketsFarm

Jan. 17, 2025 at 2:56 pm CST

The National Farmers Union denounced the approval of the Bunge-Viterra merger in a statement released on Jan. 17. The NFU said the multi-billion dollar deal “effectively ends competition in Canada’s agricultural commodity sector,” as it creates the world’s largest agricultural commodity trader, and it will control 40 per cent of the Canadian grain market.

By Glen Hallick - MarketsFarm

Jan. 16, 2025 at 3:29 pm CST

With Donald Trump set to become President of the United States on Jan. 20, uncertainty continues to swirl about his threat to impose a 25 per cent tariff on all goods the U.S. imports from Canada and Mexico as early as that Monday. Should Trump press ahead with his levies, the Canadian dollar would be caught up in the collateral damage.

By Glen Hallick - MarketsFarm

Jan. 15, 2025 at 2:12 pm CST

Corn and soybean futures on the Chicago Board of Trade continued to be supported by the latest supply and demand report issued by the United States Department of Agriculture, said analyst Bryan Strommen of Progressive Ag in Fargo, ND. Meanwhile, wheat has been contending with pressure from an increase in acres.

By Glen Hallick - MarketsFarm

Jan. 14, 2025 at 4:07 pm CST

Canadian canola exports continued to stay far above those in 2023/24, the Canadian Grain Commission reported earlier in January. In the CGC's monthly report those outbound shipments of canola from licensed facilities at the end of November reached 3.84 million tonnes which are up by more than 80 per cent from a year ago.

By Glen Hallick - MarketsFarm

Jan. 10, 2025 at 3:12 pm CST

The United States Department of Agriculture cut its calls for 2024/25 U.S. soybean and corn production in its World Agricultural Supply and Demand Estimates (WASDE) released Jan. 10.

By Glen Hallick - MarketsFarm