Markets
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
Markets
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.
Analysts struggle with El Niño precipitation predictions
Drought is unlikely but don’t expect a wet summer as world flips rapidly from a La Niña directly into an El Niño event
While it is difficult to predict El Niño’s influence on summer weather for most of North America, there is a strong correlation with temperature on the Canadian Prairies. It typically results in a hotter-than-normal summer, especially for the western half of the region, said John Baranick, DTN’s agricultural meteorologist. When it comes to precipitation, it […] Read more
Canola production estimates questioned
Ken Ball, canola analyst with PI Financial, has seen private sector estimates calling for a crop in excess of 20 million tonnes if there is decent precipitation in June and July.
Fertilizer market stabilizing, say analysts and suppliers
After sky-high prices last year, cautious markets and uncertain supply are contributing to lower costs for major inputs
Urea prices are down 40 percent since the spring of 2022, while anhydrous prices have plummeted 42 percent, according to DTN.
Exports only upside in dismal hog market
Canada has some of the lowest-cost pork in the world, signalling poor returns for hog producers but opportunity to increase exports. Canada’s hog producers are contending with high feed costs and stagnant domestic pork demand while hog prices are down from last year. Pork processor Olymel is reorganizing its business, closing slaughter houses in eastern […] Read more
