Markets
Most analysts expect stronger crude oil prices in the second half of this year but have mostly abandoned ideas that crude could reach US$100 per barrel by year end. Currently, crude prices are bouncing around, but North American diesel prices in recent weeks have risen sharply because of problems at American refineries. Global oil demand […] Read more
Markets
Farmers in India, Canada get it; industry and gov’t don’t
“What does the farmer actually look for? Number one, how he can reduce the cost of his production. Number two, how he can get more (money for his crops). These are the two things he actually wants.” This statement is true for the western Canadian farmer. But it was said to me about farmers in […] Read more
El Nino should benefit South American crops
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
China’s economic slump may spare ag exports
Chinese imports fell by 12.4 percent in July compared to a year ago, but imports of agricultural goods have fared better
China’s slumping economy is not a big cause of concern for exporters of Canadian agricultural products despite the significance of that market, says an economist. It is Canada’s second largest agricultural market behind the United States. Sales to China have steadily climbed, except for a three-year period between 2019 and 2022 when shipments of canola […] Read more
Ukraine expects big canola crop
Ukraine is harvesting what analysts expect will be a record crop of canola. Svitlana Kupreeva, oilseed market analyst with UkrAgroConsult, said farmers planted record acreage of the crop and final yields should also set a new high. The firm is forecasting 4.2 million tonnes of production, shattering last year’s record of 3.5 million tonnes. Kupreeva […] 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 sales Sale volumes were too light to establish a weighted average Alberta fed price, but […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was not available Aug. 18 or Aug. 25. U.S. hogs averaged $84.62 on a carcass basis Aug. 25, down from $93.52 Aug. 18. The U.S. pork cutout was $93.42 per hundredweight Aug. 25, down from $106.17 Aug. 18. The estimated U.S. weekly slaughter to […] Read more
U.S. visit to Beijing watched
World traders were anxiously watching the United States Commerce Secretary’s visit to Beijing this week, hoping for signs that the increasingly heated relationship was cooling. Escalating tensions and ill will between the U.S. and China have seen trading relations decline between China and the democratic states of the West. Canadian farmers were directly affected when […] Read more
U.S. Federal Reserve leaves lenders, consumers guessing
Anybody thinking about borrowing money or dealing with debt payments didn’t get any clarity on interest rates from the head of the United States Federal Reserve Bank at its annual Jackson Hole conference. “As is often the case, we are navigating by the stars under cloudy skies,” said Fed chair Jerome Powell Aug. 25. “In […] Read more
Poor monsoon may boost Indian lentil imports
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
