Markets
The province has seen hot and dry weather lately, but the crop has emerged and is doing well with the help of timely rains
Despite fewer acres under hot and dry conditions, things are going well for Manitoba sunflowers. “Overall, the acres are still good,” said Jody Locke, a product group manager for Scoular Canada in Winkler, Man. “The plants have emerged. They are waist high and looking pretty strong. I think they could use some moisture, but overall […] Read more
Markets
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 lower Alberta fed prices eased lower last week on reduced post-July 4 summer wholesale demand […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts July 7 was $73.78. It was not available June 29. U.S. hogs averaged $97.25 on a carcass basis July 7, up from $94.00 June 29. The U.S. pork cutout was $107.94 per hundredweight July 7, up from $102.90 June 29. The estimated U.S. weekly […] Read more
U.S. corn yield estimate questioned
The U.S. Department of Agriculture’s latest U.S. corn yield estimate does not reflect reality, says an analyst. The USDA dropped its national average corn yield for 2023-24 to 177.5 bushels per acre, down from its forecast of 181.5 bu. a month ago. DTN lead analyst Todd Hultman thinks that is still too high and expects […] Read more
Canadian chickpeas face Russian headwinds
Russia accounts for about one-quarter of total global supply of the crop from the world's major origins, so it is a very large player. Canada is expected to produce 256,000 tonnes of chickpeas by comparison.
Nutrien cuts output as Canada port strike drags on
(Reuters) – The world’s biggest fertilizer producer Nutrien Ltd. cut production on Tuesday, citing the impact of an 11-day-old strike in Canada’s Pacific ports whose cost has now ballooned to an estimated $5.5 billion. Some 7,500 dock workers represented by the International Longshore and Warehouse Union (ILWU) walked off on July 1 after failing to […] Read more
Pork sector calls for essential service status amid port strike
Many Canadian pork processing plants set to close in the next few weeks could end up with a backlog of unsold meat products, which may lead to "millions of dollars in losses across agriculture very quickly," according to the release.
Port strike affects container shipments
Clause 87.7 of the Canada Labour Code states longshore workers must continue to provide the services they normally provide to "ensure the tie-up, let-go and loading of grain vessels at licensed terminal and transfer elevators, and the movement of the grain vessels in and out of a port." But the clause mentions nothing about container movement at container facilities.
Flax prices not expected to increase
Agriculture Canada is forecasting there will be 275,000 tonnes of stocks to start the 2023-24 crop year, which is more than a typical export program of late.
Black Sea wheat estimates difficult to pin down
Black Sea wheat production forecasts are all over the map as analysts grapple with lingering uncertainty in that region. “There’s wildly varying estimates on production,” said MarketsFarm analyst Bruce Burnett. Global supply of wheat could swing by millions of tonnes depending on which forecast proves correct. “This is the largest wheat-exporting region in the world […] Read more
