Markets
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. Smaller fed volume Western fed steers climbed over $4 per hundredweight last week and ended at $350.70 […] Read more
Markets
Canfax report
Drought ravages durum crop in North Africa
North Africa’s durum crop is again under duress, which bodes well for Canadian exports to that region. Vegetative health maps show most of the region is experiencing below average crop growth. Drew Lerner, president of World Weather Inc., said northern Morocco and north-central Algeria are in better shape than a year ago, but the rest […] Read more
Canola price rides oilseed news wave
Canola futures prices have been on a wild ride of late. Nearby futures lost about $120 per tonne in the span of two weeks before rebounding slightly at the tail-end of the week ending March 24. “We’re seeing an exit of money from the long side of the market over the last month or so,” […] Read more
India expected to buy more lentils
There should be good demand for lentils in Canada’s top market this year, but also fierce competition, says a broker. Vivek Agrawal, director of JLV Agro, a commodity brokerage firm based in Pune, India, thinks India will import 100,000 to 200,000 tonnes more lentils than usual in 2023-24. Pigeon pea prices are sky-high in that […] Read more
Russian peas on their way to China
China could quickly become a top export market for Russia now that the countries have signed a pea phytosanitary deal
Russian peas are on the way to China, signaling the start of a new era in Canada’s top market for the crop. “The first shipments are already happening from Siberia regions,” Rustam Guliev, a commodity trader with Russia’s Top Grain, said in an email. “Also hearing that shipments are done from the south side (of […] Read more
Prairies expected to benefit from U.S. wheat problems
Canada’s spring wheat crop helped fill the supply shortfall caused by last year’s small U.S. hard red winter wheat crop
Canada’s upcoming spring wheat crop will once again benefit from problems with the U.S. winter wheat crop, says an analyst. “The biggest bread wheat that is produced in North America is in trouble again,” said MarketsFarm analyst Bruce Burnett. Crop condition reports for the week ended March 19 show some improvement over the previous week […] Read more
Canada sees big jump in lentil sales to Turkey
Exports have increased as Iraq looks to buy more pulse crops, which Turkey is supplying using imports from Canada
Canada is benefitting from a sharp increase in Turkish lentil imports as the country meets soaring demand from one of its re-export markets. “The most important phenomenon impacting the Turkish red lentil imports is the Iraqi market,” said Mehmet Sonmez, partner in Armada Foods, a large Turkish pulse processing firm. The Iraqi government has been […] Read more
High prices keep Canadian canola out of European Union
The European Union has been importing rapeseed/canola like gangbusters in 2022-23, but precious little is arriving from Canada. The EU bought 5.8 million tonnes of the oilseed through the first 37 weeks of the crop year, according to Strategie Grains. That is up 57 percent over the same period a year ago. Ukraine is the […] Read more
Banking should be a boring activity, just like hedging
My 12-year-old just got a bank account. It was a big and exciting day for her. The man at the bank was very nice and explained how everything works. She got to make a deposit with a teller. She learned how to use the ATM. For her, it was exciting, but there wasn’t much drama […] Read more
China’s hunger for corn one reason to help end the war
Chinese president Xi Jinping visits Russia this week to discuss Russia’s invasion of Ukraine and to sign agreements to cement closer ties between Moscow and Beijing. Fresh off of success brokering a peace deal between Iran and Saudi Arabia, China wants to burnish its image as a world leader that can do things that its […] Read more
