Markets
WINNIPEG (MarketsFarm) — While the price of canaryseed in Western Canada has gone down over the past couple years, there is optimism that acres devoted to the specialty grain will increase in 2023. David Nobbs, pulse merchant for Purely Canada Foods in Saskatoon and former chair of the Canary Seed Development Commission of Saskatchewan, said […] Read more
Markets
Wheat up in ’23, then drops
The International Grain Council made small changes to its supply and demand estimates in its March report for the 2022-23 crop year. The changes were due to a projected increase in global wheat production, slightly less demand for corn and a decline in overall consumption. For 2023-24, the council forecast an upswing in world production […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts March 17 was unavailable; it was $61.05 on March 10. U.S. hogs averaged $77.61 on a carcass basis March 17, down from $78.17 March 10. The U.S. pork cutout was $80.95 per hundredweight March 17, down from $87.80 March 10. The estimated U.S. weekly […] 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. New fed price highs Canadian fed cattle prices rallied to historic highs last week. Active Alberta fed […] Read more
Prairies expected to benefit from U.S. wheat problems
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
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
Canada sees big jump in lentil sales to Turkey
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
Canada eyes huge Aussie canola crop
The large harvest that is expected Down Under will likely bite deep into Canadian sales and thwart country’s export targets
Australia’s “monstrous” canola harvest has Ken Ball adjusting his Canadian supply and demand numbers. The Australian government’s new official estimate for its 2022-23 crop is a record 8.3 million tonnes, up from the December forecast of 7.3 million tonnes. “Our (Canadian) exports are going to be well down from our earlier projections because of the […] Read more
Global wheat market is calm compared to previous year
It has been a rough couple of weeks for grain markets as futures prices fell for several reasons, including expectations for continued wheat supply from the Black Sea regions and worries over the slow pace of American corn exports. Chicago May soft wheat saw the biggest percentage decline in the two weeks between Feb. 23 […] Read more
Indian gov’t expects large pulse crop this winter
Private analyst thinks farmers will harvest 11 million tonnes of chickpeas — below official estimates but still a big crop
India’s winter pulse crop production will fall well short of the government’s official estimate, says a leading pulse analyst from that country. G. Chandrashekhar, senior editor of The Hindu Business Line, is forecasting 15 million tonnes of rabi pulse production. India’s Ministry of Agriculture is predicting 19.65 million tonnes by comparison. The biggest difference is […] Read more
