Markets
BUENOS AIRES, Argentina (Reuters) — Argentina’s agricultural heartland needs more rain soon to avoid wheat productivity losses and finish planting early season corn, after showers late last month failed to quench parched farmlands, the Rosario grains exchange said Oct. 4. Agricultural powerhouse Argentina is a key global exporter of wheat and the world’s third-biggest corn […] Read more
Markets
Faith in StatCan continues to nosedive
The chasm between federal and provincial lentil yield estimates continues to grow. Stat Publishing said markets “received something of a shock” from Saskatchewan Agriculture in its Oct. 5 crop report. The report pegged the province’s average lentil yield at 1,305 pounds per acre, which is well above the 931 lb. per acre forecast by Statistics […] Read more
Bigger chickpeas hard to find
Large calibre kabuli chickpeas are in short supply. “There are reports that this year’s harvest in Canada was dominated by small calibre product,” Stat Publishing editor Brian Clancey wrote in a recent article. “Limited supplies of eight millimetre or larger chickpeas is supporting bids for those sizes, while discounts for seven mm and smaller sizes […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was not available Oct. 5 and Sept. 29. U.S. hogs averaged $ 69.50 on a carcass basis Oct. 5, down from $73.56 Sept. 29. The U.S. pork cutout was $ 94.98 per hundredweight Oct. 5, down from $97.23 Sept. 29. The estimated U.S. weekly […] Read more
Canfax report
This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattlemen’s 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 prices stable Since late July, western Canadian fed cattle prices have been stuck in a $5 […] Read more
Beef imports from Europe and U.K. on the decline
Canada still has a trade deficit in beef with Europe, but it is getting smaller. Trade data from Statistics Canada for the first seven months of 2023 shows that Canada exported $16.3 million worth of beef to the EU. That’s up from $12.2 million in the same period in 2022. Meanwhile, the EU exported $44 […] Read more
EU running low on high protein spring wheat
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
Big Turkish crop shocks durum market
A bumper crop unexpectedly puts Turkey in a position to grab most of Canada’s share of the market in the European Union
The durum market has taken a “wild” turn as Turkey has suddenly emerged as a major force in the export market. “This is something that caught everybody off guard, especially Canadian exporters,” said Jonathan Meyer, merchandiser with Purely Canada Foods. “It has really saved the day for pasta producers because if it wasn’t for Turkey, […] Read more
U.S. farm income takes a hit but remains strong
Incomes are expected to fall by $41.7 billion from last year but continue to be much higher than the 2003-22 average
The U.S. Department of Agriculture is forecasting the sharpest decline in farm income in the history of that country. U.S. net farm income is forecast at US$141.3 billion in 2023, a $41.7 billion drop from 2022 levels. However, that will still be one of the best years on record and well above the 2003-22 average. […] Read more
U.S. encouraged to get back to the trade table
Former negotiator says other countries are busy signing deals while the U.S. appears unconcerned about market access
CHARLOTTETOWN, P.E.I. — A former U.S. trade negotiator said the U.S. risks falling further behind if it doesn’t get back to negotiating agreements. Joseph Glauber said the U.S. has sat on the sidelines for years while its competitors have signed numerous trade deals. “I think it’s a real mistake,” he told the North American, European […] Read more
