Markets
Hogs The U.S. national live price average for barrows and gilts was not available Oct. 20 or Oct. 27. U.S. hogs averaged $66 on a carcass basis Oct. 27, down from $67 Oct. 20. The U.S. pork cutout was $86.40 per hundredweight Oct. 27, down from $87.97 Oct. 20. The estimated U.S. weekly slaughter to […] Read more
Markets
WP livestock report
Indian market pays a premium for green lentils
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. Related stories […] Read more
Petroleum’s influence on crop prices increases
The job of a grains and oilseeds analyst has become more complicated. “We can’t look at ag commodities in isolation anymore,” said Owen Wagner, senior analyst with Rabobank. “We always have to have an eye on petroleum in the background.” The link between those commodities started in 2006-07 when 10 percent of the soybean oil […] Read more
Canola price increase expected
Farmers might want to hold off a bit longer on marketing their canola, says an analyst. MarketsFarm analyst Mike Jubinville is advising growers to wait until prices climb another $1 per bushel before making any more incremental sales. “I suspect there’s room for an oversold canola market to have some element of bounce to it,” […] Read more
Wheat market ignores usual signals
Bruce Burnett did not mince words during a recent MarketsFarm webinar. “The wheat market has been brutal, there’s no question about that,” said the analyst. It has gone counter to what he was anticipating for 2023-24. Nearby Minneapolis wheat futures prices have been on a steady decline since early 2022, seemingly ignoring market fundamentals. Wheat […] Read more
Russian invasion takes toll on Ukrainian farmers
Ukraine’s farmers are “on the verge of bankruptcy,” says the country’s largest agricultural association. Crop production losses could reach US$3.2 billion, according to the pessimistic scenario of a financial forecast prepared by the Ukrainian Agri Council. Under the most optimistic scenario, where the country is once again able to fully use its Black Sea ports, […] Read more
Russia-China grain deal raises concern
Competition may be heating up big time in one of Canada’s top markets for grain, oilseeds and pulses. Russian grain exporting company Food Export Trade LLC (FET) signed what is reported to be a US$26 billion contract to supply China with 70 million tonnes of grain, pulses and oilseeds over the next 12 years. The […] Read more
Camelina seen as option as drought continues
Company promotes crop as replacement for canola in parts of the Prairies where the crop underperforms due to dryness
Camelina might not be the first oilseed crop variety that comes to mind in Western Canada, but it may be one to consider as dry conditions continue in many parts of Alberta and Saskatchewan. Carlene Sarvas, Smart Earth Camelina Corp.’s production lead, said the oilseed does well in dryland and irrigated fields, but it’s also […] Read more
Western Canadian farm organizations need more farmers
It’s just a short walk across a lawn and past some statues to get from the Keystone Agricultural Producers offices to the Manitoba legislature and the heart of government. That’s a walk KAP’s staff and farmer representatives will need to be frequently taking to keep farm issues in front of — or even recognized by […] Read more
Few remember rye whisky’s Sask. connection
The Bronfmans, who built a liquor empire and brought ‘Canadian whisky’ to the United States, started their journey in Western Canada
This is part of an ongoing series of stories exploring rye, the crop, as it becomes Rye, the whisky. BIENFAIT, Sask. — The trains still rumble and sound their mournful horns through the middle of Bienfait in southeastern Saskatchewan, but the train station where Paul Matoff was blown away with a shotgun blast in 1922 […] Read more
