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Corn is the top feedstock for China’s ethanol sector, followed by rice, cassava and wheat. The country’s production plants are expected to consume 4.07 million tonnes of corn in 2021. | Reuters photo

China backs away from ethanol commitment

China’s ethanol consumption continues to fall well short of the government’s 10 percent blend mandate. The blend rate in 2021 is forecast at 2.1 percent, according to a recent report by the United States Department of Agriculture’s Foreign Agricultural Service. China declared in 2017 that it was moving to a nationwide E10 ethanol mandate by […] Read more

Farmers in Europe, like the one who grew this crop near Cap Blanc Nez in Escalles, France, are likely to plant a lot of wheat this fall because of good subsoil moisture levels and high prices. | Reuters/Pascal Rossignol photo

European wheat looks good

The wheat market is turning its attention to the upcoming winter wheat crop and conditions overseas look good for the most part. Will Rutherford-Roberts, market analyst with StoneX, said forecasts calling for a moderate La Nina weather event in the last quarter of 2021 bodes well for Western Europe. It will likely result in slightly […] Read more

U.S. corn to supplement tight Canadian feed supplies

The looming corn harvest in the United States should keep a lid on rising feedgrain prices in Western Canada, with more corn expected to make its way into Canadian feedlots this winter. “U.S. corn should start landing in Lethbridge sometime in October or early November,” said Jim Beusekom of MarketPlace Commodities in Lethbridge. “That will […] Read more

Posted bids for dry beans are climbing steadily, which could indicate that supplies

Dry bean price outlook hinges on carryout

Statistics Canada expects 100,000 tonnes to be carried over from 2020-21, but market analysts think it will be smaller

Chuck Penner said the “ultimate question” for the Canadian dry bean price outlook is what will the carryout be from the 2020-21 crop? Statistics Canada believes it will be slightly more than 100,000 tonnes, which would result in ample supplies for the current crop year. Production is way down this year but that level of […] Read more

Mustard contracts could be as high as 55 to 65 cents per pound, 
which a buyer for Viterra called “remarkable.” | File photo

Analysts predict lucrative contracts for special crops

There could be eye-popping new crop contracts for special crop growers this winter and next spring, industry officials say. “I fully expect to see some incredible, otherworldly type numbers out there on some of these new crop contracts,” said Kyle Ulmer, a merchandiser with Viterra. He believes mustard contracts could be as high as 55 […] Read more

Coal is a good example of how mainstream news headlines and social media chatter can give the wrong impression of where a particular commodity is headed. | Reuters/Carlo Allegri photo

Beware mainstream news when watching commodities

If you read mainstream news headlines and follow social media chatter for your sense of where commodities are going, you probably assume coal is a dead commodity. After all, fossil fuels are dying, right? “Green” technologies are taking over. Lots of prognosticators in the media and your Aunt Sally on Facebook say so. I heard […] Read more

While supply of the major crops are tighter than recent experience, they are not scraping the bottom of the bin like they were in the extended market boom of 2008-13. | File photo

Canola, spring wheat futures still tethered to global market

You’d think a Statistics Canada report that slashed the Canadian canola production estimate to 12.8 million tonnes, down almost two million from the previous month’s report and down 6.7 million tonnes or 34.4 percent from last year’s crop, would give canola futures a sustained boost. The report issued Sept. 14, which pegged the canola crop […] Read more

Beef sales increased 27 percent during the COVID-19 pandemic, which is partly attributed to the comfort that consumers have with the meat. | File photo

Beef consumption strong during COVID but dangers loom

A food retail analyst warns producers that they must pay attention to a 41 percent increase in plant-based protein sales

Meat case sales went up during the pandemic and beef was a solid contributor to the increase, says a food distribution and retail expert. John F. T. Scott said meat sales in Canada were up 31 percent. Beef sales rose 27 percent, contributing 30 percent of meat case profitability, he said. “We think that they […] 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 trade holds steady Alberta direct cattle sales saw active cash trade last week with dressed prices […] Read more

WP livestock report

Hogs The U.S. national live price average for barrows and gilts wasn’t available Sept. 17 but was $63.42 Sept. 10. U.S. hogs averaged $81.48 on a carcass basis Sept. 17, down from $85.86 Sept. 10. The U.S. pork cutout was $105.41 per hundred weight Sept. 17, up from $105.10 Sept. 10. The estimated U.S. weekly […] Read more