Must Reads

Markets at a glance


Stories from our other publications

The oil price war between Saudi Arabia and Russia has slashed gasoline prices, which has also affected ethanol and will likely significantly reduce the demand for corn.  |  File photo

Grim corn outlook chills grain market

Higher-than-expected planting plans in the U.S. and a plummeting fuel market could see prices fall below $3 per bushel

The market outlook is grim for the crop that sets the tone for the entire grains and oilseeds sector. Corn bottomed out in 2016-17 with an average farm price of US$3.35 per bushel. “You’re looking at something below that for 2020-21 potentially,” said Michael Langemeier, associate director at Purdue University’s Center for Commercial Agriculture. “I […] Read more

COVID-19 measures are making it difficult to transport harvesting equipment to where it is needed because much of it has to move across three state borders.  |  REUTERS/Danish Siddiqui photo

Equipment, labour shortages threaten Indian harvest

One analyst disagrees, saying harvest complications will have ‘absolutely no impact on pulse quality and yields’

COVID-19 is throwing a wrench into India’s rabi crop harvest, but that won’t impact pulse yields or quality, says an expert. There have been a number of reports that COVID-19 restrictions are limiting access to custom combining services in northern India, causing a delay in the 2020 harvest. Most of India’s custom hiring centres and […] Read more

Canadian pea acres are expected to be flat this year at about 4.33 million acres.  |  File photo

China keeps pea demand strong in Canada

American producers say they plan to reduce acres this year, but the same decision isn’t expected north of the border

Don’t expect Canadian pea growers to follow what their U.S. counterparts are doing this spring, says an analyst and an industry official. Farmers told the United States National Agricultural Statistics Service (NASS) they are going to seed 971,000 acres of the crop, a 12 percent reduction from last year. Chuck Penner, analyst with LeftField Commodity […] Read more

The current crisis reminds the world about the need to share information and resources, co-operate, co-ordinate and take collective action.  |  File photo

Domestic resiliency must not replace co-operative spirit

The COVID-19 battle reveals shortcomings in our global supply chains, creating questions that will spark hot debate now and in the months to come. How much are we willing to pay to ensure that essential goods and services are available in our country during a crisis? What goods and services are essential? Should taxpayers fund […] Read more

Estimates really guesses, particularly in today’s climate

I often use the word “guess” in place of “estimate” or “forecast” when talking about markets and economic projections. It might sound a little disrespectful, but I think that word is often just as accurate as the others, and it’s a good reminder that we’re allowing or forcing analysts to make a pile of assumptions […] Read more

The British cattle industry says higher demand for ground beef is signaling trouble because it is less profitable than other cuts, but the North American sector doesn’t expect this to be a problem.  |  File photo

Demand for beef expected to remain strong

The industry is monitoring the possibility that out-of-work consumers may buy less beef during the COVID-19 crisis

Industry representatives say they expect demand for beef to remain strong during the COVID-19 pandemic as consumers continue to stock their freezers. Speaking at an online town hall meeting April 2, Canada Beef president Michael Young said there may be more demand for hamburger, and he expects demand to last throughout the crisis. He said […] 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 Fed prices drop COVID-19 volatility continued to plague markets last week, and average fed prices trended sharply […] Read more

WP livestock report

Hogs The U.S. national live price average for barrows and gilts were $37.33 April 3, down from $42.65 on March 27. U.S. hogs averaged $42.88 on a carcass basis April 3, down from $58.07 March 20. The U.S. pork cutout was $57.37 per cwt. April 3, down from $73.79 March 27. The estimated U.S. weekly […] Read more

Potato production may drop by 25 to 30 percent because of closed restaurants, a sharp decline in french fry consumption and the economic fallout from COVID-19. | File photo

Potato acres expected to plummet

The situation changes every day, but potato acres in Canada and the United States could take a dramatic hit in 2020. Potato production may drop by 25 to 30 percent because of closed restaurants, a sharp decline in french fry consumption and the economic fallout from COVID-19. “I would say across North America … the […] Read more

Supply? Demand? What are we dealing with?

Economists and analysts are wrestling with enormous uncertainty

Most of what goes into creating the price of crops and livestock comes from supply and demand. More supply and less demand? Probably lower prices. More demand and less supply? Probably higher prices. It’s a little bit more complex than that, but those are some of the basics. But how do you project future prices […] Read more