Markets
SASKATOON — Canada’s biofuel groups and oilseed crushers are pleased with what it saw in the federal government’s 2024 budget. “The best way to describe it is they’ve got the right tools in the box,” said Doug Hooper, director of policy and regulation with Advanced Biofuels Canada (ABFC). Related stories: The Canadian Fuels Association (CFA) […] Read more
Markets
Canfax report
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. New price high Closing last week on either side of $250 per hundredweight, western Canadian fed prices […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts April 12 was not available. It was not available on April 5. U.S. hogs averaged was $86.60 on a carcass basis April 12, down from $86.70 on April 5. The U.S. pork cutout was $ 101.20 per hundredweight April 12, up from $97.75 on […] Read more
Canola competition stiffens; demand rises
SASKATOON — There are differing reports about what to expect from Canada’s top canola competitor this year. Commonwealth Bank of Australia (CBA) is forecasting 8.27 million acres of the oilseed, a four per cent drop from last year. Related stories: However, it is dry in Western Australia, and if it remains that way over the […] Read more
Coming canola crush capacity delayed
SASKATOON — Canada’s canola crush buildout is not going as smoothly as planned, according to the U.S. Department of Agriculture. “Project delays in 2023, 2024 and into 2025 have slowed the growth of crush capacity,” the USDA’s Foreign Agricultural Service (FAS) stated in a recent report. Related stories: Capacity is expected to reach 10.26 million […] Read more
Used cooking oil amount proves surprising
SASKATOON — Canada’s canola oil is facing stiff competition from used cooking oil (UCO) and tallow in renewable diesel markets. The amount of UCO being imported into the United States has surprised everyone, including the U.S. government. Imports in 2023 were large enough to produce 600 million gallons of the fuel. Related stories: That exceeds […] Read more
Global durum competition is heating up
Russia could drastically increase durum production this year, but could be shut out of the European Union market
SASKATOON — Canada could face stiff competition in durum markets in 2024-25 as Russia ramps up production. Rossella Polito, an Italian durum farmer who posts as @spiga_dorata on the X social media platform, said the Russian Grain Union reports that farmers will plant 2.47 million acres of durum this year, double the size of last […] Read more
Crop market keeps watchful eye on spring weather
In the first half of March, a modest rally in the grain futures lifted prices off what appears to have been the seasonal low, but traders seem reluctant to drive prices significantly higher. A month ago I wrote about the search for a trigger that would spark a short-covering rally. It seems that the big […] Read more
Farm decisions: Some rational, some irrational, but all are important
Farmers don’t farm according to theory. Their decisions are based upon a multitude of factors that are hard for anybody to separate, let alone devise an easily applied formula or theory. Little goes “according to Hoyle,” as the saying goes. It’s wonderful that there are economists and analysts to provide theoretical tools, mathematical formulae and […] Read more
Louis Dreyfus upbeat about Chinese demand
Chief executive officer says Asian country’s economic rebalancing shouldn’t affect its demand for agricultural products
PARIS (Reuters) — Louis Dreyfus Company remains positive about Chinese demand as a source of growth for agricultural markets, despite rebalancing in other parts of the Asian nation’s economy, the chief executive officer of the global commodity merchant said March 21. China is the world’s biggest buyer of farm goods, but slowing economic growth and […] Read more
