Stats Canada released its quarterly stocks estimates this morning, and today's numbers again highlighted the magnitude of Canada's 2013 crop production.
Stats Canada released its quarterly stocks estimates this morning, and today's numbers again highlighted the magnitude of Canada's 2013 crop production. All wheat stocks as of 31 March totaled 31.2 MMT, compared with 14.5 MMT a year ago. Canola stocks reached 9 MMT, compared with 4.5 MMT a year ago. Bartley stocks were also sharply higher at 4.3 MMT, compared with 3 MMT on 31 March 2013. The wheat stocks number was the largest in 20 years, while the canola stocks number was an all-time record. None of these numbers were a surprise to the market. The huge 2013 crop production coupled with...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
