FCC Economist Expects Commodity Prices To Increase Going Forward

Nov 18, 2020

Farm Credit Canada (FCC) recently released its 2020 update for the grains, oilseeds and pulse sector.

FCC's Principal Agricultural Economist, Craig Klemmer expects commodity prices to increase in the next six months.

He says when you look at the marketplace right now oilseeds look to be very strong.

"In addition to just general strong demand from other parts of the world, we've seen some different production challenges in several parts of the world. As a result, it's creating a fairly favourable outlook here at least over the next six months for Western Canadian grains and oilseeds."

He says we're also seeing an expansion of the Chinese hog herd and that's creating some export opportunities for corn and soybeans into China.

Which in turn is really raising up and supporting both Canadian feed grains and oilseeds.

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Video: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.