Markets
Markets and marketing will always be a secondary concern, to put it politely, for 95 percent of farmers. Everything else — agronomics, rotation, machinery, management ease, history — will always come first. And that’s right and reasonable. The truth of this came clear to me from a few recent stories I’ve worked on, highlighting opposites […] Read more
Markets
El Nino conditions likely building for winter: forecaster
Reuters — There is a more than 95 percent chance that the El Nino weather pattern will continue through the Northern Hemisphere winter from January to March, a United States government forecaster said Sept. 14. “In August, sea surface temperatures were above average across the equatorial Pacific ocean, with strengthening in the central and east-central […] Read more
Russian wheat lowers prices
A major U.S. farm lender believes a wheat price spike is on the horizon. CoBank is alerting U.S. grain elevators storing large volumes of wheat that there is potential for a “sharp rally in wheat prices” in the year ahead. “The flood of cheap Russian wheat into the global market may have created a false […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts Sept. 15 was $61.93; on Sept. 8 it was $58.43. U.S. hogs averaged was $77.53 on a carcass basis Sept. 15, down from $79.14 on Sept. 8. The U.S. pork cutout was $ 98.29 per hundred weight Sept. 15, up from $97.80 on Sept. […] 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 steady The Alberta fed market saw light to moderate mid-week cash trade, with dressed prices […] Read more
Study predicts growth in plant-based meat sales
The future for plant-based protein is bright despite recent setbacks, according to a new Ernst & Young study. Demand for the product is expected to be strong in the wake of a global pandemic that led to an economic slowdown in 2022. Ernst & Young is forecasting US$139.4 billion in global plant-based meat sales by […] Read more
Beekeepers blocked in Japanese market
Japanese honey buyers don't have evidence or data showing that quinclorac above 10 ppb is a risk to human health but they've imposed that limit on Canadian honey anyway.
No certainty for canola
Mexico buys a surprising amount of Canadian canola. In 2022, Mexico was Canada’s third largest market for canola, as it imported $1.2 billion worth of canola seed and $436 million in oil. Given the size of the market, leaders of Canada’s canola industry are concerned that Mexico’s government is drifting away from regulations that are […] Read more
Debt forces re-evaluation of planned purchases
It was nice while it lasted, but farmers are facing the financial hangover of an era of cheap credit. With thousands needing to roll over large amounts of debt, critical decisions will be forced on farmers. “As those loans (from the low interest rate years) are maturing, more and more and more operations face the […] Read more
Relations with India cool visit to Asia
Canadian trade efforts were boosted in one country, while geopolitical tensions undermined Canadian efforts at improving relations in another, during Justin Trudeau’s visit to southern Asia. The mixed bag of results came as the prime minister and International Trade Minister Mary Ng visited Indonesia, Singapore and India. There were smiles as Canada declared its intentions […] Read more
