Markets
"Heavy arrivals" of the lentil crop are forcing prices lower, according to Rahul Chauhan, analyst with IGrain India.
Markets
Boeing high on renewable aviation fuel potential
The aviation industry needs to mitigate 954 megatonnes of annual carbon dioxide emissions generated by 30.7 million flights per year. SAF is by far and away the most effective mitigation tool, reducing emissions by 55 percent.
WP livestock report
Hogs The U.S. national live price average for barrows and gilts April 17 was $53.04; it was unavailable April 7. U.S. hogs averaged $68.63 on a carcass basis April 17, down from $76.58 April 6. The U.S. pork cutout was $77.61 per hundredweight April 17, down from $81.05 April 6. The estimated U.S. weekly slaughter […] 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. Historic high fed price Alberta fed cattle prices rallied to historic highs last week with average steer […] Read more
China’s soybean demand slump baffles market
There are signs that China’s soybean demand is slumping, which has ramifications for other crops like canola. The United States Department of Agriculture lowered the country’s estimated 2022-23 soybean crush by one million tonnes in its latest World Agricultural Supply and Demand Estimates report. Crush is still expected to be robust at 91 million tonnes. […] Read more
Return of El Nino does not bode well for Aussie farmers
The world is transitioning from three consecutive years of La Nina to an El Nino weather event, and that could spell trouble for one of Canada’s top competitors. International climate models suggest El Nino thresholds will be met or exceeded by July, according to the Australian Bureau of Meteorology. “El Nino typically suppresses rainfall in […] Read more
China may become world’s biggest wheat buyer
China will displace Egypt as the world’s top wheat importer in 2022-23, according to the U.S. Department of Agriculture. The country is forecast to purchase 12 million tonnes of the commodity, the highest level since the 12.5 million tonnes imported in 1995-96. It is a stunning turnaround for a country that a short time ago […] Read more
Canola oil use takes big leap in U.S.
It’s estimated 109,769 tonnes of the product were consumed in January, a 42 percent increase over the previous month
There was a huge uptick in canola oil usage in the United States in January. An estimated 109,769 tonnes of the product were consumed, a 42 percent increase over the previous month, according to the U.S. Energy Information Administration. Canola oil accounted for 16.4 percent of total vegetable oil use in the U.S. biofuel sector […] Read more
Bigger crops, fierce competition may lower canola prices
Canola futures sunk to $700 per tonne in March and could do so again, partly due to last year’s 18.1 million tonne crop
Canola futures prices may test the lower end of a new range in 2023-24, says an analyst. MarketsFarm’s Mike Jubinville thinks the new floor for canola is around $700 per tonne, which it hit towards the end of March before rebounding. He thinks that number could be in the cards again because of a few […] Read more
China makes an effort to reduce soybean imports
Imports expected to fall to 87 million tonnes in 2025 from 94 to 95 million in 2022, profoundly affecting global trade
China’s soybean imports have likely peaked, which has “profound” implications for oilseed and grain markets, according to a global food and agriculture bank. The Chinese government has launched a campaign to reduce the country’s reliance on imported soybeans. Soybean meal inclusion rates in feed rations are forecast to fall to 13.5 percent in 2025 from […] Read more
