Farmers of North America Grain Project

Sep 15, 2014

Farmers of North America is asking farmers to express their interest in investing in and building a farmer-owned grain-handling and fertilizer distribution company.

Bob Friesen with Farmers of North America says they see the synergy between the farmer owned fertilizer plant their building and grain handling adding there’s room for farmers to be involved and benefit.

Friesen says they would look at everything from building grain handling sites to buying or investing in current operations.

"When you look at the fact that grain handing and marketing margins are pushing 40 dollars, when you look at the fact that the basis over the last year cost western farmers somewhere over 40 billion dollars we have the same situation as project n, there is a significant margin for framers to capture and that of course is our objective," said Friesen.

Friesen stopped short of confirming whether or not part of that plan would involve investment in the CWB which is about to be privatized.

Source: SteinbachOnline

Video: Did Bears Win Thanksgiving, Will Bulls Get Christmas?

Did the bears win Thanksgiving (although this week had green on the screen), and will the bulls get Christmas? Bears won thanksgiving thanks to a USDA Nov crop report dud that stalled the bullish grain momentum for a brief period. But a bullish lower yield surprise in the Dec crop report could reignite the rally.
2026 U.S. winter wheat planting is nearly complete at 97% while crop conditions improved by 3 points to 48% good-to-excellent. US corn & soybean harvest is complete.
High corn demand, which is off the chart, and more Chinese soybean demand could support a Christmas rally.
Nasdaq had it’s worst November since 2011.
A U.S. Fed rate cut in December will help fund flow and sentiment.
Bitcoin held a long-term support at 80,000 and that's positive for fund flow and sentiment. It should help stock prices and Ag as we go into December.
Fertilizer prices continue to climb as we look ahead to 2026. Farmers may rely more on the nutrients that they already have in their soils.
South American Weather remains critical as the soybean reproductive stage starts from late Nov to late Feb depending on planting date.
Will a Russia-Ukraine peace deal happen by year-end?
CFTC data as of showed more managed money fund sell-off as of October 14th.