Canadian Dollar Impacting Markets

Sep 18, 2020

Farmers are busy working on the harvest and hoping to see some strong prices going forward.

FCC's Prinicipal Agricultural Economist Sebastian Pouliet says generally markets are running about the same as last year:

"For Canola it's better than last year prices are up, but if we look at wheat it's comparable to last year, oats it's a little below.

So, overall we're expecting about roughly the same prices as last year. Currently, on U-S markets prices are increasing especially if

we're thinking especially soybean and corn where prices have been going up."

He notes Canada hasn't fully benefited from the increases as the Canadian dollar has also been on

the rise.

"So the Canadian dollar being stronger right now it actually does not favor strong prices in Canada for the crops. If we combine the production

and the price data and look into the expected revenue. Because of the increase in production even though prices are fairly stable we're expecting larger crop revenue

for 2020 compared to 2019 and maybe even two or three per cent growth."

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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.