Volatility dominated 2018 as trade tensions, weather and rising interest rates disrupted agricultural markets amid a growing demand for Canadian agricultural commodities and food.
USDA projects growth in production of agricultural commodities backed by a strong world economy and robust global food demand.
J.P. Gervais, Vice-President and Chief Agricultural Economist at FCC, on what he expects rates will do in 2019 based on the December 5 interest rate announcement from the Bank of Canada (BOC).
Weaker farm cash receipts for Q3 2018 suggest rising financial pressures, limited gains from U.S.-China trade tensions and slower farmland value appreciation in 2018-19.
Price swings in the pork industry may limit traditional exports, but CETA, CPTPP and other factors give Canadian producers greater access to diverse markets than their competitors enjoy.