Markets
The following passage shouldn’t be surprising: “Agriculture is the backbone of the provincial economy. As the minister of agriculture, you are the steward of this essential sector. Your goal will be to support the sector so that Manitoba can be a leader in agricultural innovation, research and job creation. A strong agricultural sector means a […] Read more
Markets
Russia, China build infrastructure to allow more trade
Recent news that Russian and Chinese companies have signed multi-year agreements to ship billions of dollars of Russian crops by rail to China fit into the narrative that the world is shifting from a multilateral trading environment to one dominated by trading blocs. The combination of disruptions caused by COVID-19, China’s more aggressive foreign policy […] Read more
Indian market pays a premium for green lentils
One specific regional market uses the crop as a substitute for pigeon peas when that harvest is poor, like it is this year
The current massive price premium between green and red lentils is justified, says a trader of the crop. The premium for large green lentils over reds has averaged US$414 per tonne since the start of the 2023-24 marketing year, according to Stat Publishing. That is more than double last year’s average of $202. Canadian bids […] Read more
Malt barley varieties tested in China
Commercial malting and brewing trials in China are paving the way for the adoption of better performing varieties in Canada, says an industry official. The Canadian Malting Barley Technical Centre (CMBTC) has been facilitating the shipment of container loads of new malting barley varieties to Chinese maltsters since 2017. Those shipments are used in commercial […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was not available Nov. 3 and Oct. 27. U.S. hogs averaged $65.00 on a carcass basis Nov. 3, down from $66 Oct. 27. The U.S. pork cutout was $ 87.28 per hundredweight Nov. 3, up from $86.40 Oct 27. The estimated U.S. weekly slaughter […] 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. Fed market steady There was little pressure to market cattle last week, but the market tone was […] Read more
U.S. exports slow as Panama Canal dries up
Low water levels in the Panama Canal are not disrupting Canadian grain shipments, but they are causing turmoil for exporters in the United States. Transit capacity in the canal has been reduced to 24 ships per day through the end of November, according to a news release from the Panama Canal Authority (PAC). That compares […] Read more
Russia considers backing out of durum market
Canada could soon have one less competitor in what is becoming a tight durum market. Russia’s agriculture ministry is proposing the government impose a six-month ban on durum exports starting Dec. 1, according to a Reuters story. That news combined with lingering dryness in North Africa has MarketsFarm analyst Bruce Burnett advising growers to hold […] Read more
Bright spot seen in China’s embrace of GM crops
China is getting close to commercially producing a variety of genetically modified crops and that is good news for Canadian growers, says an industry official. China’s Ministry of Agriculture and Rural Affairs recently approved 37 GM corn and 14 GM soybean varieties for cultivation. The approvals are part of a pilot program introduced in 2021 […] Read more
Grain markets watch Brazilian weather
The weather outlook appears challenging for the world’s largest exporter of corn and soybeans, which has ramifications for the entire grains and oilseeds complex. It is already much drier than normal in central and northeastern Brazil and the forecast calls for more of the same. A probability forecast prepared by the Columbia Climate School International […] Read more
