Markets
Domestic demand from new crushing plant is expected to limit the amount of Canadian crop available for export
Expansions and new builds by Richardson International, Viterra and Cargill will add 4.6 million tonnes of capacity next year.
Markets
Well-meaning market mayhem threatens barbecue season
It’s going to be harder than ever to know the base price for North American hogs and pork, since pigs and pork sold into and produced in two high-population states won’t reflect the broader market and can’t be included in average prices.
Turkey and Russia drive chickpea price
Turkish crop looks promising despite a rough start, while there is little market intelligence on Russian chickpeas
Colin Young, manager of Midwest Investments, a chickpea cleaner in Moose Jaw, Sask., said those are Canada’s two top competitors and global kabuli chickpea supplies are tight.
Canadian canola prices follow European plunge
Rapeseed oil has become the cheapest of all the vegetable oils in the EU. "I have never seen that before," said MarketsFarm analyst Mike Jubinville. "That is very unusual, and certainly it has had an impact on European rapeseed prices."
Strong production, uncertain demand dims lentil outlook
The red lentil market is looking bearish in 2023-24, according to an analyst. Major exporters have big crops on the way and demand could be subsiding in two key markets, said Gaurav Jain, an analyst with AgPulse Analytica. Turkey is expected to import 522,000 tonnes of the crop, down from a whopping 675,000 tonnes this […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts June 2 was not available. On May 26 it was was $62.43. U.S. hogs averaged $81.76 on a carcass basis June 2, up from $75.69 on May 26. The U.S. pork cutout was $84.72per hundredweight June 2, up from $82.20 on May 26. The […] 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 market strengthened Fed cattle prices have strengthened in 23 of the past 24 weeks. New highs […] Read more
Russia to challenge Canada for pea export supremacy
Canada used to have a stranglehold on the Chinese market, up to and including this year. But that changed when Russia and China signed a phytosanitary agreement in December 2022, paving the way for Russian peas to make inroads into that market.
Agricultural trade to resume to Saudi Arabia
Canada has restored diplomatic ties with Saudi Arabia and the two countries will soon appoint new ambassadors, according to Reuters.
Analysts optimistic about wheat crop
Prospects are good for a healthy spring wheat crop despite a slow start due to heavy snow and flooding in some areas.
