2017 dryness cuts into fababean acres

Fababean acres may be down this spring, but the prognosis is much better in the two-to-five-year time frame, says a promoter of the crop. Brad Goudy, owner of Proactive Producers Ltd., the largest provider of zero-tannin fababeans in Western Canada, expects some farmers will be abandoning the crop after disappointing results in 2017. “Guys who […] Read more

Canada-EU trade deal more important than ever

A couple years ago, when Canada was working hard to complete the Canada-European Union trade deal, a lot of people within farming and agriculture were skeptical. After all, everybody knew that the Europeans were never going to accept two-way trade, so we were probably just getting played for fools, said many skeptics. A couple of […] Read more

Trade war might not boost hog prices for Canada

U.S. President Donald Trump’s trade war with China threatens to crimp U.S. pork exports and has already weakened U.S. prices. While Canada might sell more to China because of the tit-for-tat scrapping, prices to producers are likely to be disappointing. “You people need to stop following the U.S. market,” said Iowa State University agricultural economist […] Read more

Market struggles to identify size of China’s corn stockpile

More questions are being asked about the size of China’s usable corn stocks and how quickly they will be drawn down. The big story in the past two years was the Chinese government’s decisions to: stop price supports and move to a market orientation stop government buying and stockpiling create a 10 percent ethanol content […] Read more

Canfax report

This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattlemen’s Association. More market information, analysis and statistics are available by becoming a Canfax subscriber by calling 403-275-5110 or at www.canfax.ca. Fed prices low Alberta fed steer prices established new annual lows last week, while Ontario prices traded […] Read more

WP livestock report

Hogs The U.S. national live price average for barrows and gilts was US$42.61 per hundredweight March 23, down from $47.18 March 16. U.S. hogs averaged $52.96 on a carcass basis March 23, down from $57.26 March 16. The U.S. pork cutout was $72.64 per cwt. March 23, down from $74.30 March 16. The estimated U.S. […] Read more

Chinese corn shortage could cause rally

Analysts believe demand is outstripping supply, which could deplete the country’s reserves and boost grain prices

China’s corn market has shifted from surplus to deficit, which is drawing down the government’s stockpile and could eventually lead to a sustained price rally for corn and other grains, say analysts. According to the Dim Sums web blog, futures markets analysts in China estimate there will be a supply-demand corn deficit of 48 million […] Read more

Farmers who eye canola rally should consider price protection

Farmers have been given a gift for this last little bit of pre-seeding. They’ve also been handed a chance for fresh risk, if they’re that sort of guy. It all comes from the canola market rallying about 50 cents a bushel since midwinter, especially in terms of profitability. It comes from a nice little follow-on […] Read more

Rain comes too late, but markets still fall

Weather sent the markets tumbling earlier this week, but down on the farms it came too late for real change. Dry conditions persisted throughout most of the growing season in Argentina, setting in motion a cascade of events that some late-growing season showers wouldn’t fix. Winter wheat acres in the American Plains also saw some […] Read more

Consider canola pricing, with all that is going on

Opportunities to price this fall’s canola crop will come and go all year, but locking in larger portions at a reasonable margin might be a little tougher find later than they are today. The two-month increase in canola that took November futures from the $495 per tonne mark to the $520 range last week, and […] Read more