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Bags of Canadian green lentils sit at AGT Food and Ingredient’s processing plant in Mersin, Turkey. It’s expected that only 50 to 60 percent of this year’s crop will make the top grade.  |  File photo

Quality worries may hike lentil prices

Growers advised to wait until markets are past harvest lows and expect ‘modest gains’ of about 0.5 cents per pound

Farmers lucky enough to harvest good quality green peas and green lentils might want to lock the bins and wait for prices to climb, says a market analyst. “Don’t get too worried about selling right now thinking that it’s only going to get worse throughout the year,” said Chuck Penner, analyst with LeftField Commodity Research. […] Read more

Agriculture Canada is forecasting a bloated 4.5 million tonnes of carryout at the end of 2019-20. A senior executive with Viterra believes it could be closer to eight million tonnes.
 | File photo

China’s canola ban results in tough crushing decisions

The curtailment of canola exports to China is creating a golden opportunity to add crush capacity in Canada but at the same time preventing it from happening, says an industry official. “Blocked seed access to China makes it much more attractive to have processing in Canada,” said Brian Innes, vice-president of public affairs with the […] Read more

U.S. Treasury Secretary Steve Mnuchin, right, and Trade Representative Robert Lighthizer welcome Chinese vice-premier Liu He before reaching a Phase 1 trade deal in Washington, D.C., Oct. 10.  |  REUTERS/Yuri Gripas photo

Looming election, slowing economy prompts trade deal

Just an hour before U.S. President Donald Trump announced a trade deal with China on Oct. 11, I had sent a column to my editor with the following lead sentence. “The negative effects on agriculture of the United States-China trade war are temporarily moderating but I expect the game-changing deal that the Trump administration originally […] Read more

Canada doesn’t have to abandon its commitment to the rules-based international trading order just to survive in the new era of me-first politics.  |  REUTERS/Paulo Whitaker photo

Current trade environment not just an either/or scenario

At some point we might have to accept that this new trade reality is actually real. And we’ll have to react to that reality by changing the way we farm, act and interact with the rest of the world. That’s something quite a few Canadians are grappling with in light of the ongoing and no-end-in-sight […] Read more

Australia is facing a second drought-ravaged crop in two years, which would likely spark another spring wheat rally.  |  REUTERS/Jason Reed photo

Spring wheat rally unlikely to be short-lived

Harvest conditions have been terrible on the Prairies and northern U.S. Plains, and Australia’s crop is in trouble again

Poor harvest conditions in Western Canada and the northern Plains of the United States have led to a spring wheat price rally and there is likely more to come, says an analyst. The December futures spread between Minneapolis and Kansas wheat was about $1.25 per bushel as of late last week. That is well above […] Read more

New trade order called bad news for Canada

A new report says Canada and its farmers aren’t equipped to deal with a move away from the ‘liberal world order’

Farmers face a starkly worsened long-term world market for their crops and livestock, fears a Canadian agricultural economics analysis firm. And that means many basic assumptions of how farm markets and prices behave might have to be radically reconsidered. “Some of the assumptions of the liberal world order — price arbitrage and market clearing, preference […] Read more

WP livestock report

Hogs The U.S. national live price average for barrows and gilts was $41.92 per cwt. Oct. 11, up from $38.28 on Oct. 4. U.S. hogs averaged $56.27 on a carcass basis Oct. 11, up from $49.14 Oct. 4. The U.S. pork cutout was $77.52 per cwt. Oct. 11, up from $75.17 Oct. 4. The estimated […] 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 Feds continue rally Western Canadian fed prices rallied for four consecutive weeks and as of last week […] Read more

Wheat exports to U.S. fall by half

Canada had a thriving wheat export program last year with the notable exception of one key market. Grain elevators shipped out 18.25 million tonnes of the crop in 2018-19, the biggest program in the last 15 years, according to Canadian Grain Commission statistics. However, sales to the United States plummeted to 752,200 tonnes, a 53 […] Read more

Some analysts believe China and the United States are close to resolving their trade dispute.  |  REUTERS/Aly Song photo

U.S.-China trade war resolution would change markets

Arlan Suderman believes there is a narrow window of opportunity for the United States and China to sign a trade deal that would transform the prevailing bearish sentiment in commodity markets. Funds have been sour on commodities since March 23, 2018, when U.S. President Donald Trump imposed tariffs on steel and aluminum imports. The trade […] Read more