Reading Time: 2 minutes Combyne, the made-in-Canada grain marketing platform Bayer bought earlier this year, is now fully on speaking terms with the company’s Climate FieldView precision ag platform. Bayer on Oct. 30 announced integration of the two platforms, which it said will allow grain farmers in Canada and the U.S. to connect their marketing data in Combyne and […] Read more
Bayer’s crop marketing, crop production platforms in sync
FieldView, Combyne platforms now integrated
Viterra to exit Russian grain trade
The company's team in Russia to create new grain exporter
Reading Time: < 1 minute London | Reuters — Global grain trader Viterra’s management team in Russia plans to create an independent Russian grain exporter once the company ceases export activities in the country, the head of its Russian office, Nikolai Demyanov, told Reuters on Thursday. Viterra — whose owners include mining and trading giant Glencore and the investment management […] Read more
Dreyfus to step up spending after earnings boost
'Complementary' acquisitions envisioned
Reading Time: 2 minutes Paris | Reuters — Louis Dreyfus Co. (LDC) could nearly double annual investments in the coming years as rising profits help it pursue expansion in its traditional crop trading and newer food-ingredient activities, its CEO told Reuters. The group on Wednesday reported a jump in annual net profit to $1 billion, joining other global crop […] Read more
A grain marketing strategy for 2022-23
Know your costs, pay attention to basis and be careful about leaving grain in the bin too long
Reading Time: 6 minutes After a year with some of the most volatile markets in history, crop growers will need a careful marketing strategy to turn a profit in 2022-23. “The last two years have made for complacent marketing,” says Jim Beusekom, president of Market Place Commodities in Lethbridge, Alta. “Holding on to commodities and waiting for the price […] Read more
Taking grain marketing to the next level
After a year like 2021, more Canadian farmers are reaching out for marketing support
Reading Time: 4 minutes When it comes to marketing, Canadian farmers won’t forget 2021 anytime soon. High commodity prices early in the year motivated most farmers to price a portion of their grain. After all, this was what typical marketing strategies said to do. But as prices continued to rally, the desire to capture the high also continued and […] Read more
Bunge to sell oilseed processing business in Russia
Grain firms scaling back Russian business
Reading Time: < 1 minute Reuters — Agricultural commodities trader Bunge said Monday it has agreed to sell its oilseed processing business in Russia to Karen Vanetsyan, the controlling shareholder of Exoil Group. The sale includes the sunflower processing plant in Voronezh. Bunge and its rivals ADM, Cargill and Louis Dreyfus — part of the so-called ABCD quartet of global […] Read more
It’s time to be paid for oil content in canola
Farmers are encouraged to select varieties and use production practices to boost oil content, but they don’t get paid for it on the driveway
Reading Time: 8 minutes Growers have been paid for high protein in wheat for more than 40 years. It’s time they’re also paid for high oil content in canola. Discussions on paying oil premiums have been around for years, culminating about a decade ago when a major push by farmers and farm organizations for the introduction of oil premiums […] Read more
Winning the barley battle
Australia’s barley exporters are getting a global reputation for out-hustling Canada
Reading Time: 5 minutes Recently I was eating my breakfast in Sydney, listening to the Australian barley industry make its pitch to potential buyers in Ecuador. The pitch was being made over Zoom, and it was all in Spanish and English with simultaneous translation. Such is the approach of Australia’s barley growers and their representative groups in an environment […] Read more
The wheat and the chaff
Is there a better way to tell what market news is valuable and what’s overkill?
Reading Time: 4 minutes It can be all too easy to fall down the rabbit hole. Internet news, social media, newswires, online publications, they’re all shouting for your attention with new articles, new production forecasts, new supply-demand data and new opinion columns. But how much of it is just noise instead of actually useful? In order to know what you […] Read more
A better market ratio
How many hours does it take to be a good farm marketer? And how do you know if you’ve got there?
Reading Time: 4 minutes Of course farmers want the highest prices they can get for their production. And of course they know they have to work at it. But are your neighbours putting enough effort into the marketing side of their businesses to achieve maximum returns? Are you? “Farmers and ranchers are absolutely not spending enough time on marketing as […] Read more
A message from April Stewart, Country Guide's Associate Editor
