Markets
HOUSTON, Texas — American corn growers are on pins and needles waiting to find out if corn ethanol will qualify for a lucrative sustainable aviation fuel tax credit. They expected an announcement at last week’s 2024 Commodity Classic convention, the annual gathering of U.S. corn, soybean, wheat and sorghum growers. But that didn’t happen. U.S. […] Read more
Markets
Commodity Classic Day 2: U.S. fights for market share
U.S. competitive advantage has evaporated due to large infrastructure investments by Brazil and Argentina
HOUSTON, Texas — U.S. agriculture secretary Tom Vilsack says the United States is trying to regain its competitive edge in world agricultural markets. He told delegates attending the 2024 Commodity Classic conference that for many years the U.S. had better transportation logistics than its competitors and that gave the country a price advantage in overseas […] Read more
VIDEO: Day 1 – Commodity Classic 2024
HOUSTON, Texas — Day one of the 2024 Commodity Classic is in the books and a few interesting themes emerged from the annual gathering of U.S. corn, soybean, wheat and sorghum growers. U.S. farmers are clearly annoyed about a number of new pesticide regulations. Growers felt blindsided by a federal district court ruling in Arizona […] Read more
Producers should not take Canada’s stability for granted
Some people in Canadian agriculture take Canada for granted. That does not include most immigrants, temporary foreign workers and people tightly connected with overseas communities. Those people, many of them working on western Canadian farms, in barns, in ag machinery manufacturing, in slaughter plants, driving trucks and providing professional services, tend to look back to […] Read more
Market’s mindset is all about ‘comfortable’ crop supply
Grain glut,” “ample supply,” “supply pressure”: these phrases are showing up in market reports to describe crop supplies, particularly corn stocks. Corn is important for the whole grain complex because it tends to set the tone for the market. On Feb. 23 Chicago corn futures fell below US$4 a bushel for the first time since […] Read more
Indonesia steps up wheat imports amid drought
The country’s wheat imports are expected to climb 10 percent from a year ago as drought slashes feedgrain supplies
SINGAPORE/JAKARTA, Indonesia (Reuters) — Indonesian grain buyers are boosting imports of lower quality wheat as a decline in corn output last year following a severe drought linked to an El Nino weather pattern tightened the country’s animal feed supplies. Wheat exports into Indonesia, the world’s third biggest buyer of the grain, are likely to climb […] Read more
International pressures challenge pulse growers
Producers urged to pay closer attention to the rest of the world because their global market clout is not what it once was
Canada is losing its impact on global pulse markets, producers attending a Saskatchewan Pulse Growers meeting in Humboldt, Sask., late last month were told. Chuck Penner, president of LeftField Commodity Research, said farmers must pay more attention to the rest of the world. “We are kind of past the stage now where Canada is the […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts Feb. 23 was $56.50; It was not available Feb. 16. U.S. hogs averaged $71.49 on a carcass basis Feb. 23, up from $67.34 Feb. 16. The U.S. pork cutout was $91.16 per hundredweight Feb. 23, up from $89.79 Feb. 16. 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. U.S. attracts cattle Although there wasn’t enough trade to report a steer price, rail sales were stronger […] Read more
VIDEO: Bill to protect supply management unlikely to harm trade talks
OTTAWA — Long-time Canadian trade negotiator Steve Verheul says Bill C-282 is a political signal and not likely to threaten future deals. There has been a lot of opposition to the bill from grain and livestock exporters who say entire deals are at risk if the supply managed sectors are kept off the table. The […] Read more
