Markets
SASKATOON — There will be less competition from one of the main players in the global grain market in the new crop year. The Ukrainian Grain Association (UGA) is forecasting an 18 percent drop in the country’s grains and oilseeds exports in 2024-25. Related stories: Ukraine is expected to ship out 43.7 million tonnes of […] Read more
Markets
Someone needs to talk tough on trade — Canada, anyone?
Canada is good at building coalitions and consensus. Maybe it’s time to get tougher. “Why are you so concerned about upsetting people?” posed CropLife International President Emily Rees at the Canadian Crops Convention. Canada could benefit from being “a little less sorry and not having the same fear of upsetting trade partners and being a […] Read more
Trigger for short covering market rally remains elusive
For months, crop traders positioned themselves to profit from falling prices and now face risk if something happens to cause prices to rise. In market talk, the trade is net short and from a technical standpoint they are in oversold territory. It is a scenario that could trigger a sudden move higher if Mother Nature […] Read more
Supply chains continue post-pandemic recovery
National supply chain office has been established to help stakeholders take steps to alleviate ‘pinch points’ in the system
OTTAWA — Canada’s supply chain is more fluid than it was during the pandemic but still not performing as well as it could, said panelists during a discussion at the Canadian Federation of Agriculture annual meeting. Federal deputy minister of transport Arun Thangaraj said pressures still exist. “The pinch points still exist. It is imperative […] Read more
Russia sends Africa free food
REUTERS — Russia’s agriculture minister said late last month that Moscow had completed its initiative of shipping 200,000 tonnes of free grain to six African countries as promised by president Vladimir Putin in July. Russia shipped 50,000 tonnes each to Somalia and the Central African Republic and 25,000 tonnes each to Mali, Burkina Faso, Zimbabwe […] Read more
Canada urged to take stronger leadership role in trade
Speakers point to country’s influence around the world due to its exporting of food products to almost 200 countries
It’s time for Canada to step up if it wants to keep the rules-based trading order alive, farmers heard at the Canadian Crops Convention. Without rules-based trade, agricultural exporters will be playing in a game controlled by others. “Canada should play a bigger and stronger role,” said Emily Rees, president of CropLife International, which represents […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts March 8 was not available. It was $58.71 March 1. U.S. hogs averaged $76.18 on a carcass basis March 8, up from $72.67 March 1. The U.S. pork cutout was $92.11 per hundredweight Mar. 8, down from $94.45 March 1. The estimated U.S. weekly […] Read more
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. Good packer interest Alberta fed sales volumes totalled 11,042 head, up 16 percent from the previous week […] Read more
Anti-dumping case may affect pea flow
SASKATOON — A U.S. antidumping investigation regarding Chinese pea protein could change trade flows for Canadian yellow peas in 2024-25, say traders of the commodity. In a preliminary determination handed down Feb. 8, the U.S. Department of Commerce hit two Chinese manufacturers with an anti-dumping duty of 280 percent and the remainder with a 122 […] Read more
Producers must be prepared to take on new competition
The Russians are coming. It might not be in the form of refurbished T-62 tanks, buzzing Iranian drones and hopeless waves of convict conscripts, but Russia is continuing its assault upon global grain markets in which we were once comfortably numb to competition. “We hear from customers, ‘Russian quality is getting better,’ ” Cereals Canada’s […] Read more
