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Canadian wheat is unloaded near Tokyo in this file photo from 2015. Canada recently set a new weekly export record for the crop.  | Reuters/Thomas Peter photo

Wheat exports hit the roof

Canada set a new weekly wheat export record in week 40 of the 2019-20 campaign, according to the Canadian Grain Commission. Terminal elevators shipped 926,000 tonnes of wheat and durum, shattering the previous record of 691,000 tonnes set the same week the previous crop year. “We had the demand in place, we had the mechanism […] Read more

Economists say cow-calf producers aren’t in bad shape now because they don’t have to sell calves, but they are fearful of the market six months from now.  |  Wendy Dudley photo

Pandemic not affecting all cattle sectors equally

The beef industry has been walloped by COVID-19, but that whupping has left some parts of the system bruised and wailing while other parts are OK for now. Who’s hurt and who’s fine could change dramatically, depending upon how long the crisis continues, say some analysts looking at the impact of the crisis. “If markets […] Read more

Fish farming has seen a precipitous drop in demand because of the mass closure of restaurants caused by the coronavirus pandemic.  | Reuters/Baz Ratner photo

Aquaculture decline rocks soybean demand

Soybeans can’t catch a break. First there was the global outbreak of African swine fever, a disease that wiped out over one-quarter of the world’s hog herd, decimating the top market for soybean meal. And now COVID-19 is having a similar impact on the aquaculture industry, which is another major consumer of the feed ingredient. […] Read more

Welcome moisture in key wheat growing regions of the United States and Europe are moderat ing the production worries that had been affecting prices.  |  Reuters photo

Rain arrives in time to lessen global wheat damage

Soil moisture conditions in key wheat growing regions around the world are improving. Lack of rain and temperature extremes earlier in the spring shaved down production potential in the United States and across the Atlantic, but any momentum that gave to wheat prices was offset by worries about demand destruction from the economic disruption caused […] Read more

Empty grocery store shelves are among the factors that some point to when arguing for a wholesale overhaul of the country’s food production.  |  Reuters/Carlos Osorio photo

Food system a disaster or a success? The jury is still out

We don’t think well or wisely after suffering a shock. We haven’t even gotten past the shock of COVID-19 to be able to develop thoughts much beyond surviving. That’s why it’s so hard to tell if our farm and food system has proven itself to be an utter disaster or a screaming success. We’re too […] Read more

European dryness could spark early wheat rally

Prices expected to recover in early July rather than later in the summer because of production problems in Russia and Ukraine

Expect milling wheat prices to rally earlier than normal this year and if that happens growers should seriously consider selling some new crop wheat, say analysts. Prices typically fall through early summer and then start to rise in August or September. That was the case in 2017 and 2019. Sergey Feofilov, director general of UkrAgroConsult, […] Read more

WP livestock report

Hogs The U.S. national live price average for barrows and gilts was $28.15 May 22, up from $26.27 May 15. U.S. hogs averaged $38.68 on a carcass basis May 22, up from $37.11 May 15. The U.S. pork cutout was $96.75 per cwt. May 22, down from 110.12 May 15. The estimated U.S. weekly slaughter […] 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 market rallies The fed cattle market has made quite the recovery. Three weeks ago, fed prices […] Read more

Don’t expect too much, no matter what happens with Meng

Whatever happens Wednesday, China will not be a market we can count on again

Tomorrow (Wednesday) a B.C. Supreme Court judge will release the ruling on whether or not to uphold the validity of Huawei executive Meng Wanzhou’s arrest and detention on a U.S. extradition request. A lot of people are hoping Meng gets released, goes back to China, that China calms down, the two Michaels are released and […] Read more

Todd Hultman, DTN’s lead analyst, has noticed a divergence between how commercial traders and fund managers view the Minneapolis wheat market.
 | File photo

Spring wheat could find its wings

Spring wheat is poised for a bull run, say grain market analysts. Todd Hultman, DTN’s lead analyst, has noticed a divergence between how commercial traders and fund managers view the Minneapolis wheat market. Commercial traders, who are the folks that process and export the crop, have increased their net-long position to 17,951 contracts, the largest […] Read more