Winnipeg,(MarketsFarm) – Canada’s ongoing diplomatic dispute with China may be slowing canola exports, but the strong pace of the domestic crush is more than making up for any shortfall in international business. The Canadian Grain Commission reported total domestic disappearance of canola during the crop-year-to-date of just over 4.8 million tonnes, as of Jan. 5, […] Read more
Stories by MarketsFarm
Wet summer triggers honey production decline
WINNIPEG (MarketsFarm) — Cool, wet summer conditions caused Canadian honey production to drop to its lowest level in seven years in 2019, according to a report from Statistics Canada. At 80.4 million pounds, honey production was down by 15.4 percent from the previous year. Alberta saw the largest drop, with production down 35 percent to […] Read more
Firm undertone to Prairie feed grain market
Winnipeg,(MarketsFarm) – Solid demand from cattle feeders and ongoing logistic issues across the Canadian Prairies should keep a firm undertone in the feed grain market for the time being, according to an Alberta broker. “The feed market has definitely moved higher,” said Brandon Motz, of CorNine Commodities in Lacombe, Alberta, adding “demand is strong through […] Read more
FCC highlights three disruptors to affect Canadian ag in 2020
WINNIPEG,(MarketsFarm) – Farm Credit Canada (FCC) believes there are three major factors that will disrupt Canadian agriculture in 2020, according to a prepared statement from the federal agency. Those disruptors are climate change, protectionism and automation, which FCC Chief Agricultural Economist J.P. Gervais said could promote or inhibit growth in the industry. “We call them […] Read more
Argentine soybeans facing tax increases
WINNIPEG, Jan. 8 (MarketsFarm) – When it comes to soybeans in Argentina there were few major diversions between the United States Department of Agriculture’s data (USDA) and that from department’s attaché in Buenos Aires. What may bring changes to the country’s soybean industry are tax increases imposed by the new federal government, according to Benjamin […] Read more
Chicago Board of Trade hopeful for 2020
WINNIPEG, (MarketsFarm) – Despite a number of tough challenges in 2019, one broker at the Chicago Board of Trade said the year ended on a high note. “For what we went through with China this whole year, this trade war, you had corn, wheat and soybeans close higher for the year on Dec. 31,” stated […] Read more
Canadian red lentils see some strength to start New Year
Winnipeg, (MarketsFarm) – The red lentil market in Western Canada is seeing some life to start the New Year, with the improved bids creating some marketing opportunities. “Green lentil prices have been steady since the end of 2019, but red lentils are the one that’s jumped,” said Kevin Silzer, vice president with Rayglen Commodities in […] Read more
Ocean freight rates trending lower
WINNIPEG – The Baltic Dry Index has fallen sharply over the past four months, dropping below 1,000 points to start the New Year. A slowdown in iron-ore activity, as high prices have had Chinese mills buying up domestic inventories rather than importing from overseas, accounted for much of the general weakness in the freight sector, […] Read more
Canadian wheat bids rise over holidays
Winnipeg,(MarketsFarm) – Hard red spring wheat bids in Western Canada posted solid gains during the two-week holiday period ended Jan. 2, as gains in the United States futures more than made up for the bearish influence of the rising Canadian dollar. Average Canada Western Red Spring (13.5 percent) wheat prices were up by C$5 to […] Read more
Weekly Manitoba cattle report
Winnipeg, (MarketsFarm) – Manitoba cattle auctions were quiet over the Christmas and New Year holidays, but firmness in the United States futures markets could bode well for prices when activity resumes in the first sales of 2020. “I’m looking for a rally in the fats (butcher cattle) into about March,” said Ben DiCostanzo, senior analyst […] Read more
