Markets
This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattle Association. More market information, analysis and statistics are available by becoming a Canfax subscriber by calling 403-275-5110 or at www.canfax.ca. Fed slaughter down Alberta fed steers and heifers were steady with the previous week at $257.69and $256 […] Read more
Markets
Canfax report
Australian cereals production expected to fall
Lack of rain in the states of Western Australia and South Australia may see harvests fall below the 10-year average
Glacier FarmMedia – WINNIPEG — Dry conditions in Western and South Australia may cause declines in the upcoming Australian wheat and barley crops, according to the U.S. Department of Agriculture’s attaché in Canberra. In a USDA Global Agricultural Information Network report released April 29, the attaché forecasted wheat production at 25.8 million tonnes for the […] Read more
Harnessing public opinion can help sway policy-makers
In the dying days of the Roman republic, Claudius was having a tough time obtaining the power he craved. So he gave up his aristocratic rank, dropped from senator to plebian, changed his name to Clodius, got elected as Tribune of the People and successfully managed to act like an out-of-control eggbeater in the wild […] Read more
North America welcomes rain; S. America gets too much
Soil moisture conditions are improving across much of Canada and the United States cropping regions, thanks to recent rain, but the market last week was focused on excess rain in southern Brazil. Canadian farmers on the Prairies are eager to get seeding, but they also appreciate the moisture from recent systems that is helping to […] Read more
India extends pea duty exemption to end of October
Analysts uncertain as to whether the move was announced early enough to affect Canadian producers' seeding plans
SASKATOON — India has extended the elimination of its import duty on yellow peas through the end of October. Exporters can now load yellow peas until Oct. 31 instead of June 30, which means some of Canada’s new crop peas can now move to that market duty-free. Related stories: AgPulse Analytica analyst Gaurav Jain said […] Read more
All eyes on Russian weather as wheat rebound
Russia is experiencing a rough transition from El Nino to La Nina, which could significantly bite into yields this year
SASKATOON — Wheat futures have gained back much of the ground they lost since the start of the year in the last couple of weeks. And there could be further appreciation on the horizon if World Weather Inc.’s forecast for Russia proves accurate. Related stories: There is a tendency for ridge-building in parts of Russia […] Read more
Producers deserve transparency from gov’t, ag groups
Farmers benefit when agricultural issues are debated out loud, in public, with different sides of an issue presented for them to consider. That’s the fundamental operating principle of this newspaper, and it’s an approach we have followed for the 100 years we have been published, and for the nearly 30 years I have been here. […] Read more
Vegetable oil hits aviation turbulence
Sustainable aviation fuel was seen as major new market for vegetable oil, but stiffer competition may dash those hopes
SASKATOON — The biofuel market for vegetable oil might not be as massive as once envisioned, according to a commodity price reporting agency. Sustainable aviation fuel (SAF) will be the biggest driver of the biofuel market over the next two decades, Joao Morciani, agriculture and biofuel analyst with Fastmarkets, said during a recent webinar. Related […] Read more
Weather, war lift wheat price, but can rally be sustained?
Wheat futures enjoyed a bump higher last week, a sign that the market is keeping an eye on Northern Hemisphere weather issues. Wheat values are still the lowest since the spring of 2021, but perhaps the steady price slide is coming to an end. Market reports suggested the drivers of the rally were the Russian […] Read more
Cattle sector expected to import less U.S. corn
The USDA is forecasting a 4.9 per cent increase in Canadian grain production this year, which could reduce corn imports
Glacier FarmMedia – Early expectations point to increased Canadian grain production in 2024-25, which should cut into U.S. corn imports, according to a report from the U.S. Department of Agriculture’s attaché in Ottawa. Total Canadian grain production, which includes wheat, durum, barley, corn and oats, is forecast to increase by 4.9 per cent on the […] Read more
