Under the Agridome
DTN Contributing Analyst Philip Shaw says what is particularly unwelcome about grain price erosion is that spring bills are coming due and they are much higher than a year ago.
Philip Shaw
DTN Columnist
Philip Shaw is a Canadian farmer and agricultural economist who grows corn, wheat and soybeans on 865 acres near Dresden, Ontario. He has his Bachelor of Science degree and his Master of Science degree in Agricultural Economics and Business from the University of Guelph.
Philip is a contributing editor to DTN, which publishes his weekly agricultural economic commentary in his "Under the Agridome" column. He also writes and podcasts "Market Trends" as a monthly analysis of grain prices for the Grain Farmers of Ontario. His commodity commentary has been published in Grainnews, the Ontario Farmer, the Ontario Grain Grower Magazine, Country Guide, FCC Express and several other publications, including in French in Quebec. He is a feature speaker across Canada and the United States and in January 2020 lectured on "Canada's Blue Economy" at East West University in Dhaka, Bangladesh.
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Under the Agridome
DTN Contributing Analyst Philip Shaw says regardless of what you feel about new crop prices and the geopolitical environment, keep in mind this is the season for seasonality.
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Under the Agridome
DTN Contributing Analyst Philip Shaw says the war or lack of war in Iran has really upset the energy applecart and it has had an effect on grain prices. It just so happens soybean oil has that relationship with its crude cousin...
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Under the Agridome
DTN Contributing Analyst Philip Shaw takes a look at the latest USDA Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports and notes the reports say that there's grain everywhere and there will not...
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Under the Agridome
DTN Contributing Analyst Philip Shaw says he's coming off big record yields last year and he's hoping for the same this year. He adds that as the corn crop goes into the ground, it carries with it all the usual optimism and...
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Under the Agridome
DTN Contributing Analyst Philip Shaw says the story of Monette Farms, which has filed for protection from creditors, is a reminder that scale doesn't eliminate risk, it can magnify it.
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Under the Agridome
DTN Contributing Analyst Philip Shaw says last year the United States grew 17.02 billion bushels of corn, with a yield forecast 186.5 bushels per acre. USDA in its latest WASDE report said U.S. farmers plan to plant 3% less corn from...
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Under the Agridome
DTN Contributing Analyst Philip Shaw says everywhere in the world, farmers are dealing with the same thing: They're reeling from the increase in the price of fertilizer and fuel because of the war in Iran. And they're adding up the...
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Under the Agridome
DTN Contributing Analyst Philip Shaw says keep in mind that these are different times, and these are different market conditions that may influence what acreage projections come out during the next USDA report.
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Under the Agridome
DTN Contributing Analyst Philip Shaw shares how his input costs, such as for fertilizer this spring, are being increased by the Iran war.
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Under the Agridome
DTN Contributing Analyst Philip Shaw says the war that began in Iran has a world of implications for farmers and those algorithms which determine price.