Markets
Canola futures have fallen throughout autumn, weighed down by falling crude oil and vegetable oil prices and the latest Statistics Canada report that added close to a million tonnes to the production estimate. Canola production is 18.3 million tonnes according to the Production of Principal Field Crops report, based on a producer survey conducted Oct. […] Read more
Markets
Grower groups need more farmers to help share the load
Packed into one ballroom in a Winnipeg hotel were most of North America’s key players in the oats industry, from processors, marketers, millers, grain handlers, and, yes indeed, farmers. It was the Prairie Oat Growers Association annual meeting last week and I covered it for half a day, with my colleague Robert Arnason covering the […] Read more
Company seeks stinkweed acres in the U.S.
Also known as pennycress, the winter oilseed crop could make its way north to Canada once hardy varieties are developed
SASKATOON — Kevin Cook wants farmers to grow more weeds. He is the vice-president of breeding at CoverCress Inc., a company that has successfully converted stinkweed, also known as pennycress, into a viable winter oilseed cover crop. The initial target market for the crop will be the central United States but it could eventually make […] Read moreCanfax 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. Fed market fluctuates Cash trade was hard to come by last week. Alberta steers averaged $373.50-$376.50 per […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts Dec. 11 was $42.00; on Dec. 4 it was $44.64. U.S. hogs averaged was $49.66 on a carcass basis Dec. 11, down from $55.53 on Dec. 4. The U.S. pork cutout was $ 86.62 per hundredweight Dec. 11, up from $84.43 on Dec. 4. […] Read more
EU winter wheat crop gets off to slow start
SASKATOON — The European Union’s winter wheat crop is off to a less than ideal start, according to analysts. Planting in France, which is the largest producer of the crop, has been delayed by excessive moisture. The French ministry of agriculture is forecasting a five percent drop in seeded area in that country, according to […] Read more
Soybean prices have more upside than corn
SASKATOON — Todd Hultman is picking soybeans over corn in 2023-24. “If you want to hang onto one of them, soybeans definitely have the better bullish potential,” he told farmers attending the 2023 DTN Virtual Ag Summit. The United States Department of Agriculture is forecasting 245 million bushels of U.S. soybean ending stocks in 2023-24. […] Read more
COP28: US-UAE climate-friendly farming effort grows to $17 bln
(Reuters) — Funding for a joint effort by the United States and United Arab Emirates to advance climate-friendly farming around the world has grown to more than $17 billion, the countries announced Dec. 8 at the COP28 climate summit in Dubai. The Agriculture Innovation Mission for Climate (AIM for Climate) was launched in 2021 at […] Read more
India is back in business on peas
SASKATOON — India has temporarily dropped all pea import restrictions and that is breathing life into yellow pea prices. The restrictions have been lifted from Dec. 8, 2023, through March 31, 2024. “This is the first time in roughly six years that India has truly opened up to pea imports,” Greg Cherewyk, president of Pulse […] Read more
Warmer winter projected for key U.S. crop areas, long range predictions less clear
SASKATOON — John Baranick’s crystal ball is cloudier than usual. DTN’s agricultural meteorologist has had trouble finding good analog years to help formulate his winter, spring and summer forecasts for 2024. “We don’t have a whole lot of history to guide us, and the models are kind of all over the place,” he told delegates […] Read more
