Markets
SASKATOON — Old crop red lentil prices have bottomed out and should be heading higher as new crop seeding approaches, says a trader. “We’re at the lower end of the old crop prices,” Will Watchorn, a trader with Viterra, said during the red lentil panel at the Global Pulse Confederation’s Pulses 2024 conference. Canada is […] Read more
Markets
Trader thinks grain markets could stabilize next month
Managed money has been 'massively short' in the grain market, but there are signs that may be gradually changing
SASKATOON — The bear run in grain markets could be coming to a merciful end, says an analyst. “The month of March should be a catalyst that should at least start to stabilize things, I would think,” said a canola trader who preferred to remain anonymous. Related stories: Market’s comfort with grain stocks pushes down […] Read more
India keeps door open for pea sales
Country extends its duty-free window, but increased opportunities for exports not expected to last
SASKATOON — India is extending its duty-free pea import window. The new rules call for a bill of lading to be in place by April 30, 2024. The previous regulation called for shipments to clear customs prior to March 31, 2024. Related stories: India is back in business on peas India may need to lift […] Read more
Excise tax increase puts brewers in a clinch
SASKATOON — Canada’s brewers are asking the federal government to refrain from punching an industry that is already on the ropes. They want Ottawa to reconsider its looming 4.7 percent increase in the beer excise tax scheduled to take effect April 1. It would be yet another jab to an already reeling domestic beer sector, […] Read more
Market’s comfort with grain stocks pushes down prices
Canola futures prices, both old crop and new crop, have fallen below $600 per tonne for the first time since December 2020. Corn and soybean futures last week were also the lowest since December 2020. Soy oil and Minneapolis spring wheat were the lowest since spring 2021. Will this price erosion stop? Crop traders appear […] Read more
Surviving more Trump would require relationship building
OTTAWA — Keep your head down and hope he picks on somebody else. That’s how you could sum up the advice from Ted McKinney, who heads the U.S. association of state agriculture departments, when he was talking with Canadian ag folks about how Canada could deal with another term for former president Donald Trump in […] 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. Packers in good spot Western Canadian packers have the upper hand on the market, and sellers are […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was not available for Feb. 16. It was $47.57 Feb. 9. U.S. hogs averaged $67.34 on a carcass basis Feb. 16, up from $63.79 Feb. 9. The U.S. pork cutout was $89.79 per hundredweight Feb. 16, up from $85.97 Feb. 9. The estimated U.S. […] Read more
U.S. organic sales fall for the first time
SASKATOON — Organic sales in the United States have slumped after rising steadily for decades. Sharon Raszap Skorbiansky, research economist with the U.S. Department of Agriculture’s Economic Research Service, said retail sales fell for the first time ever in 2021. “It was impacted by the COVID-19 pandemic, by high food price inflation, the economic downturn […] Read more
Crop carryout high this year
SASKATOON — Carryouts for the 2024-25 crop year are expected to be on the rise for the main grains and oilseeds grown in the United States, and that means falling prices, says an analyst. That was one of the main takeaways from the U.S. Department of Agriculture’s 100th annual Agricultural Outlook Forum. Related stories: Grain […] Read more
