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. Fed trade thin Most Alberta direct cash trade developed on Jan. 4 last week with local rail […] Read more
Markets
Canfax report
Groups continue push for grain contract changes
Saskatchewan crop organizations continue to work on a resolution, passed at their 2022 annual general meetings, that called for the various commissions to lobby for fairer grain delivery contracts. Shaun Dyrland, chair of Saskatchewan Pulse Growers, told delegates attending the 2023 annual general meeting that the groups hired Mercantile Consulting Venture to conduct an analysis […] Read more
VIDEO: Pulse crop outlook affected by China, Russia
Chinese feed pea demand has evaporated, says an analyst. The country imported 2.5 million tonnes of Canadian peas in 2020-21. This year it will likely be about half of that amount, according to Chuck Penner, analyst with LeftField Commodity Research. China was buying boatloads of the product every month in 2020-21 because yellow pea prices […] Read more
India extends lentil tariff exemption
Canada’s red lentil prices need to fall to be competitive with Australian product, says a Canadian exporter. Australian red lentils are selling for about US$650 per tonne C&F, which is about $50 to $60 per tonne cheaper than Canadian lentils. Rav Kapoor, chief executive officer of ETG Commodities, believes Canadian grower prices need to fall […] Read more
Australia set for record wheat crop as harvest wraps up – traders
SINGAPORE (Reuters) - Australia wheat production is expected to rise to a record 42 million tonnes as results from the final phase of harvest show higher yields in the world’s second-largest exporter of the grain, traders and an analyst said. Higher Australian wheat output comes at a time of stiff competition from the Black Sea region, where […] Read more
Argentine drought, winter wheat seen as risks
Two grain market factors are weighing on Bruce Burnett’s mind as the calendar flips to 2023. The first is Argentina’s drought. “It has certainly impacted the wheat crop dramatically, but now it’s wandering into the corn and soybean growing season,” he said. The country received a much-needed shot of rain at the end of December, […] Read more
China jumps back into canola market
Analysts aren’t sure whether the huge increase in sales in November was a one-time event or sign of a longer-term trend
China’s canola imports shot up in a big way in November. The Asian giant purchased 477,000 tonnes of the oilseed, up from an average of about 100,000 tonnes per month the previous nine months. It is China’s largest monthly import total since January 2019. That was two months before the market access restrictions on Canadian […] Read more
Market shrugs off dismal start to U.S. winter wheat crop
The wheat market is shrugging off one of the worst starts to the U.S. winter wheat crop in decades. An estimated 34 percent of the crop was rated good to excellent as of Nov. 29, which was the U.S. Department of Agriculture’s last weekly Crop Progress report for 2022. It is the second worst score […] Read more
Online price discovery site ready to launch
The electronic platform is intended to bring grain buyers and sellers together to establish prices for a wide variety of crops
Merv Berscheid is finally following through on a project he started 25 years ago. The crop broker intends to launch My Grain Exchange at the 2023 Western Canadian Crop Production Show in Saskatoon next week. “This is a platform for price discovery,” said the owner of CGF Brokerage and Consulting. “It’s actually the eBay for […] Read more
Farmers continue to wrestle with fertilizer-crop spread
As farmers trudge into the cold days of winter and have time for thinking and planning the 2023 crop, the 2022 conundrum still presents itself: how does a farmer handle the gaping risk chasm between guaranteed high fertilizer prices and non-guaranteed new crop prices? That was a pressing question last year as fertilizer prices soared […] Read more
