Year Of Volatility For Dairy Farmers

Dairy Farmers of Canada says 2020 was a year of volatility.

 

Vice President David Wiens made the comments during his year-end interview.

 

"It started off back in March, when they first started to close things down," he said. "When that happened, there was this immediate spike in demand, especially for fluid milk right then, and then a couple of weeks later, the demand started to go down and as we learnt, a bit later, was because the food service industry was shutting down as well, particularly restaurants and hotels."

 

Wiens says demand for dairy picked up later in the year.

 

"Over the summer and into fall now we've seen a steady increase in demand. It's been a year of volatility for us, especially earlier on. Back in spring we reduced production very quickly to match the demand and since then we have been increasing our production and of course that all takes a while because with cows, when you reduce production, you can not just immediately, on the spur of the moment, go back to where you were."

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.