Markets
Organization predicts global trade slowdown and warns about food insecurity, inflation and tightened monetary policy
GENEVA, Switzerland (Reuters) — The World Trade Organization raised its forecast for global trade growth this year, but still predicted a slowdown and warned of risks from the Ukraine war, geopolitical tensions, food insecurity, inflation and monetary policy tightening. The Geneva-based trade body said on April 5 that merchandise trade volumes would increase by a […] Read more
Markets
Canada needs to push back against U.K. trade behaviour
Sadly but predictably, the United Kingdom’s probable joining of the Asia Pacific trade deal might give it room to continue to defame Canadian meat. Since joining the Canada-European Union trade deal, known as the Comprehensive Economic and Trade Deal (CETA), Canadian meat and grain exporters have been vexed by crafty EU tricks to keep Canadian […] Read more
Markets focus on weather, credit tightening and oil price
With the weather finally warming, market watchers’ attention in coming weeks will be focused on the pace of planting progress in North America while they also keep a wary eye on interest rates, credit availability and oil prices. The cool start to spring on the northern Plains means there is a larger than normal area […] 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 prices rise Alberta fed steers climbed more than $3 per hundredweight last week to $217.59 per […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts April 7 was unavailable; it was $56.90 on March 24. U.S. hogs averaged $76.58 on a carcass basis April 6, up from $71.90 March 31. The U.S. pork cutout was $81.05 per hundredweight April 6, up from $77.28 March 31. The estimated U.S. weekly […] Read more
Wheat ignores late-seeding prospect
Todd Hultman has no explanation for why Minneapolis spring wheat futures prices are not responding to the potential for a late start to seeding in the United States. A huge snowpack, cooler than normal temperatures and potential for flooding in eastern North Dakota and northwestern Minnesota have many believing farmers will be delayed getting into […] Read more
China makes an effort to reduce soybean imports
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
Bigger crops, fierce competition may lower canola prices
Canola futures prices may test the lower end of a new range in 2023-24, says an analyst. MarketsFarm analyst 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 […] Read more
Canadian farmers urged to grow more wheat this year
A senior grain industry executive hopes Canada’s spring wheat growers step up after a disappointing United States March Prospective Plantings report. Growers in that country said they intend to plant 10.57 million acres of spring wheat, the smallest crop since 1972. Ankush Bhandari, vice-president of economic research for Viterra for the U.S. and Mexico, said […] Read more
Wheat jumps 1 percent on renewed concerns over Black Sea grain deal
SINGAPORE (Reuters) – Chicago wheat futures climbed 1 percent on Monday, rising for the first time in four sessions as Russia’s threat to bypass a UN-brokered grain deal underpinned prices. Corn prices eased, weighed down by an improved weather outlook for U.S. plantings. “Rising Black Sea tensions could underpin U.S. wheat futures…,” said Terry Reilly, […] Read more
