Markets
You think it sucks to be holding unpriced spring wheat right now? Imagine holding lots of Disney stock. The Mickey Mouse Co. is down to 52-week lows that take it back to where it was in 2014, before it pulled off a doubling into 2021. That kind of swing — doubling, then dropping right back […] Read more
Markets
Russia expands dominant position in world wheat trade
Russia’s influence in international wheat trade has not been damaged so far by its war on Ukraine, as its exports in 2023-24 are expected to reach a record high. Wheat farmers there enjoyed mostly good growing weather this season and while production might not reach the almost unbelievable heights of last year’s crop, the latest […] Read more
South American farmers look forward to El Nino
The weather phenomenon will be a welcome reprieve for corn and soybean growers following three dry La Nina years
South American crop production should benefit from the El Nino weather phenomenon that is expected to be in place through the Northern Hemisphere winter, says an analyst. It will be a welcome reprieve from three consecutive years of La Nina, especially in Argentina, which is still recovering from the worst drought in 60 years. “Their […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was $52.94 Aug. 31. It was not available Aug. 25. The U.S. hog average was not available on a carcass basis Aug. 31, but it was $84.62 Aug 25. The U.S. pork cutout was $92.22 per hundredweight Aug. 31, down from $93.42 Aug. 25. […] 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. Few fed trades Feedlots were not enthusiastic sellers last week, and cash market trade was limited. Light […] Read more
Concern for canola
Mexico has become more hostile to genetically modified crops, agricultural innovations and pesticides, which could jeopardize Canadian ag exports to Mexico, says a biotechnology expert from the University of Saskatchewan Given changes in policy, there’s a chance that Mexico’s dispute with America about genetically modified corn could spread to other crops. “It would be very […] Read more
High protein wheat to see strong demand
Price premiums for high-quality wheat are widening in the EU
North America’s spring wheat could be in high demand this year due to crop quality problems overseas. “There is going to be a good market for solid CWRS (Canadian Western red spring) 13, 14 and even 15 (percent protein),” said Neil Townsend, chief analyst with GrainFox. He has heard about serious quality problems in the […] Read more
India’s food inflation battle brightens pea, lentil outlook
Mike Jubinville is bullish peas and lentils despite what he believes is an underestimated Canadian crop. “I don’t feel farmers need to be in an aggressive stance of doing sales right now,” said the MarketsFarm analyst. India has had a disappointing monsoon season. The government has placed export restrictions on rice and wheat, and pulse […] Read more
Wheat tumbles despite tight stocks
An analyst thinks Russia’s strong export program is behind spring wheat’s recent 15 percent price decline at Minneapolis
Canada entered the 2023-24 crop year with the lowest combined wheat and durum stocks in history. Agriculture Canada estimates there were 3.24 million tonnes of both crops on hand as of Aug. 1, 2023. That would break the previous record low of 3.66 million tonnes set in 2021-22 following a severe drought. Analysts are also […] Read more
Poor monsoon may boost Indian lentil imports
Imported lentils could be used as a substitute for pigeon peas, which have been hit particularly hard by the lack of rain
India’s pigeon pea crop is in trouble, which could bolster demand for imported lentils in that country. “The situation for Indian pigeon peas is really bad,” Gaurav Jain, analyst with AgPulse Analytica, said in an email. Farmers planted 10.4 million acres of the crop as of Aug. 25, down five percent from last year. Rains […] Read more
