Markets
Hogs The U.S. national live price average for barrows and gilts was not available Oct. 13 or Oct. 5. U.S. hogs averaged was $ 68 on a carcass basis Oct. 13, down from $69.50 Oct. 5. The U.S. pork cutout was $ 90.50 per hundredweight Oct. 13, down from $94.98 Oct. 5. The estimated U.S. […] Read more
Markets
WP livestock report
Canadian canola joins regenerative ag program
The rubber is finally hitting the road for farmers wanting to get paid for their conservation practices, says an industry executive. “There is now a market force here that’s driving a bunch of different programs to get off the ground,” said Kurt Alles, head of sustainable business at Farmers Business Network (FBN). The company is […] Read more
American producers grow fewer beans
Bean production in the United States is down 13 percent compared to last year, according to the U.S. Department of Agriculture. Growers produced 1.02 million tonnes of all classes of beans. Acreage was down 5.3 percent, while average yield fell 7.1 percent. Pinto bean production is 401,370 tonnes, an 18 percent drop from last year. […] Read more
China, Indonesia to remain top wheat buyers
Canada’s top two wheat customers are expected to be major buyers again in 2023-24. The U.S. Department of Agriculture is forecasting China will import 11 million tonnes of the commodity from all suppliers. That would be a drop from last year’s massive 13.28 million tonne program but well above the five-year average of 6.5. million […] Read more
Lentil ban demanded in India
Canadian pulse sector says its not worried as political tensions continue between the two countries
Pulse Canada remains “hopeful and optimistic” about lentil trade with India despite political tension between the two countries. India’s Chamber of Trade and Industry (CTI) recently sent a letter to India’s minister of commerce and industry, Shri Piyush Goyal, urging him to ban the import of lentils from Canada. The letter was sent in response […] Read more
Crops want in on tax credit
Canola and soybean growers are lobbying to have their crops recognized as eligible feedstocks for the new sustainable aviation fuel tax credit in the United States. The credit is contained in the Inflation Reduction Act signed into law by U.S. President Joe Biden last year. The value of that credit will be determined by the […] Read more
Major durum region likely to see better weather
Drought has caused problems in North Africa for the last few years, but El Nino is expected to bring more moisture
A key durum growing and consuming region of the world should be in better shape in 2024 than it has been the past few years, according to a weather expert. Drew Lerner, president of World Weather Inc., expects El Nino to bring improved growing conditions to North Africa and Spain during the critical part of […] Read more
EU running low on high protein spring wheat
Analysts say the shortage in the European Union could increase demand from that region and help spark a price rally
The market fundamentals for spring wheat are bullish, says an analyst. “I think you’re probably going to be looking at better pricing opportunities here in the future,” said MarketsFarm analyst Bruce Burnett. Strong demand combined with supply problems in key export markets would suggest the crop is undervalued. Minneapolis spring wheat December futures have tumbled […] Read more
Manitoba farmers should give the new guys a chance
Rural Manitoba is a beautiful place to farm, whether it’s in the forest fringes of eastern Manitoba, the valley-facing lands of the Souris, Pembina and Assiniboine, the lakeside lands of the Interlake or in the lees of the Duck, Riding and Turtle mountains. But it sure is a tough place to run a business. The […] Read more
Mississippi River nears historic lows
CHICAGO, Ill. (Reuters) — A key stretch of the lower Mississippi River dropped to within inches of its lowest-ever level near the end of September and is expected to remain near historic lows just as the busiest U.S. grain export season gets underway, according to the U.S. National Weather Service. Low water has slowed hauling […] Read more
