Markets
Richardson International is now in the malting business. Richardson announced July 7 that it had purchased Anglia Maltings, a company with headquarters in Great Ryburgh, England. “As experienced handlers of malting barley in North America, this is an exciting next step in our long-term strategy, which includes the diversification of our business and continued growth […] Read more
Markets
India lifts duty on U.S. peas and lentils
The U.S. was shipping 300,000 to 350,000 tonnes of pulses to India annually prior to the tariffs. That trade has completely evaporated.
Canola, wheat big seeding winners
Analyst thinks producers opted for mainstream choices because minor crops, while still profitable, can be harder to grow
Canadian farmers planted more wheat and canola in 2023, and that took a toll on some of the minor crops, say analysts. Growers told Statistics Canada in this spring’s seeding intentions survey that they seeded 26.92 million acres of all wheat, the biggest crop since 2001. They planted 22.08 million acres of canola, a 3.2 […] Read more
Lentil shipments to Turkey expected to shrink
Soaring interest rates and a bigger crop will likely dampen the country’s appetite for imported lentils this year
Turkey’s big lentil crop and growing financial woes are going to hurt shipments to Canada’s top market, says a Turkish processor of the crop. Growers in that country planted more acres than last year, and yields appear to be about 25 percent higher, said Tuba Memis, general manager of Memisoglu Tarim-TAT, one of the largest […] Read more
Analysts expect sluggish economic growth as GDP slows
Consumer spending to take a hit as governments shut the taps on stimulus money and interest rates continue to increase
Canadians should prepare for slow economic growth, continued high interest rates and an exchange rate close to today’s level through 2024, says Export Development Canada. “I really want to emphasize that we’re not looking at a recession,” said Ross Prusakowski, director of EDC’s Economic and Political Intelligence Centre. “But we are seeing a slower period […] Read more
Durum production prospects decline with dry weather
Judging by the dry conditions in the southern Canadian Prairies this summer, durum production will likely fall this year despite a half percent increase in seeded area. The amount of durum stocks carried into the 2023-24 crop year will likely be small, resulting in a tight overall supply of the crop in Canada. Italy is […] Read more
Ag journalists around the world help keep farmers informed
The crops south of Olds, Alta., looked terrible. The brutality of the drought was obvious in crops that were raggedly trying to rise above the parched soil. Many of the fields that a busload of international agricultural journalists were passing were almost certainly going to be writeoffs, leaving the growers who had seeded them to […] Read more
USDA shocks market with latest acreage report
Department says U.S. farmers planted more corn than first thought, while the soybean seeding estimate takes a big hit
Analysts are still recovering from a jaw-dropping U.S. Department of Agriculture June acreage report. “Wow, we picked up a lot of corn acres and lost a ton of soybean acres,” Arlan Suderman, chief commodities economist with StoneX, said in a webinar. The USDA estimates that U.S. farmers planted 94.1 million acres of corn, up 2.1 […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts was not available June 29; it was 72.23 on June 23. U.S. hogs averaged $94 on a carcass basis June 29, up from $93.04 June 23. The U.S. pork cutout was $102.90 per hundredweight June 29, up from $97.36 June 23. 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 volume moderates Market volumes have been tracking historic seasonal trends as feedlots continue to pull fed […] Read more
