Commodity Markets For Grains And Dairy Reviewed

Jul 03, 2015

By Dennis Stein

Farm producers that missed the live commodity market update meeting that took place June 23 from, 10 a.m. – noon can view the recorded sessions at the links provided below. Producers are looking for information on current and future pricing trends because the farm prices for several commodities are at a lower price. Some of which have not been seen at this level for several years. Taking time to review factors that are currently impacting prices and looking ahead at factors that may impact prices in the future was the focus of the discussion. The live session took place at the Sanilac County, Michigan State University Extension office at 171 N. Dawson, Sandusky, MI. A recording of this meeting is now available for farm producers and agribusiness individuals to watch at their convenience. For your convenience the meeting was divided into two recordings available for review. Commodity Marketing Specialist, Jim Hilker, Commodity Marketing Specialist of Michigan State University (MSU) provided the market update for grains. The second presenter was Chris Wolf, Dairy Marketing Specialist at MSU, who covered the dairy market update.

It is clear that most farm producers have seen better grain and dairy commodity prices in the past few years. Farms are now putting together their strategic plans to keep their farms in a positive economic position. For many farms, margins will be very tight as prices for most grains are at a breakeven position if a better than average yield is achieved.

Source:msu.edu

Video: Why Seed Analysts are Thriving Under Seeds Canada

Last month in Edmonton, Alta., industry leaders and stakeholders gathered to discuss the evolving landscape of the seed industry at Seeds Canada’s annual conference. Among them was Sarah Foster, president of 2020 Seed Labs and the new vice-president of Seeds Canada.

Foster, who has been on the board of Seeds Canada for over a year, has witnessed firsthand the challenges and opportunities that come with the formation of the organization. Seeds Canada was established just over three years ago through the merger of multiple seed industry groups, including the Commercial Seed Analysts Association of Canada (CSAAC). Since then, the organization has been working to define its priorities and solidify its role in the industry.

“The challenge has been allowing the dust to settle after the merger,” Foster explained. “We’ve been focused on identifying what our priorities should be and ensuring that our members, especially the seed analysts, are getting what they need to continue their professional work.”

One of the recent highlights was a pre-conference event where the three major seed labs in Alberta — 20/20 Seed Labs, SGS Canada and Seed Check — opened their doors to members. The event saw a record number of seed analysts and business professionals in attendance. Foster emphasized the importance of this transparency, stating, “It’s crucial for people to see what goes on behind the scenes. We’re an open book now, and that openness helps build trust and understanding within the industry.”

The event also featured an environmental scan and a series of discussions that fostered strong communication among attendees. According to Foster, the dialogue was both encouraging and inspiring.

“A lot of people were really inspired by the fact that Seeds Canada is moving ahead with its agenda. The seed analysts, who have always worked diligently in the background, are now being recognized more prominently,” she said.

Before the merger, seed analysts were represented by CSAAC. Now, as part of Seeds Canada, they are finding their place within the larger organization. Foster believes that the integration has been successful, noting, “I think we’re thriving. You only need to look south of the border, where similar consolidations are happening.”

As Seeds Canada continues to evolve, Foster remains optimistic about the future. “I want to be totally transparent with anyone who is a seed analyst — I’ve got your back. We’re moving in a positive direction, and we’ll do everything we can to meet the needs of our members,” she said.