Markets
Russia cancels deal allowing Ukraine to ship grain through Black Sea, which will likely reduce supply of three major crops
Russia is pulling out of the Black Sea Grain Initiative and that could have a profound impact on three crops Canadian farmers grow, says an analyst. A total of 32.9 million tonnes of Ukrainian grain have flowed to markets around the world through the United Nations brokered deal, including nine million tonnes of wheat and […] Read more
Markets
Weather problems start to trim global crop expectations
Record American soybean and corn crops are still in the official forecast but too much of the North American plains remains dry or in drought to allow crop markets to relax. A large part of the Canadian Prairies is in drought, threatening canola, durum, spring wheat and other crops. In the United States, July has […] Read more
Aussie-Chinese dispute over barley not over yet
Australia is disappointed with China’s move to extend a review that it hoped would end the Asian country’s barley tariffs
SYDNEY, Australia (Reuters) — Australia says it is disappointed that China has asked for another month to complete a review needed to lift tariffs on barley and warned it would resume a case at the World Trade Organization if there was further delay. Australia on April 11 agreed to temporarily suspend a case at the […] Read more
West coast dock workers revoke strike notice
VANCOUVER (Reuters) — Dock workers on Canada’s Pacific coast said they have revoked a strike notice issued for Saturday after Prime Minister Justin Trudeau directed a crisis meeting to pursue all options to ensure the stability of supply chains as he stressed the critical role of port operations. The strike notice revoked had been issued […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts July 14 was not available; on July 7 it was $73.78. U.S. hogs averaged $99.91 on a carcass basis July 14, up from $97.25 July 7. The U.S. pork cutout was $115.55 per hundredweight July 14, up from $107.94 July 7. The estimated U.S. […] 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 price rise ends Since the start of January, fed prices have rallied 33 percent. This is […] Read more
AIM: Significant yield drop expected
MarketsFarm has released its first yield estimates for Western Canada’s crops and the outlook is grim. Analyst Bruce Burnett just recently completed a crop tour covering most of Saskatchewan. “Unfortunately, I don’t have a lot of good news on the crop front,” he told growers attending the Ag in Motion show in Langham, Sask. “There […] Read more
Prairie crops in trouble
Crops are not faring well in Alberta and Saskatchewan. “Conditions are deteriorating in both provinces,” said MarketsFarm analyst Bruce Burnett. Crops in southern and central Alberta and western Saskatchewan are in particularly rough shape because of drought. Burnett is especially concerned about Canada’s durum and lentil crops, which are primarily grown in those areas. There […] Read more
Grain corridor closure would affect crop prices
Russia is pulling out of the Black Sea Grain Initiative and that could have a profound impact on three crops Canadian farmers grow, says an analyst. A total of 32.9 million tonnes of Ukrainian grain have flowed to markets around the world through the United Nations brokered deal, including nine million tonnes of wheat and […] Read more
CCA pushes to exclude U.K. from CPTPP
The Canadian Pork Council, the Canadian Cattle Association and the Canadian Meat Council strongly oppose Britain joining the CPTPP. The stance is an unusual one for Canada's red meat sector, which normally supports open markets and free trade.
