Markets
India should be a red-hot market for lentils this year, according to a panel organized by the Global Pulse Confederation. Rav Kapoor, chief executive officer of ETG Commodities Inc., thinks India will import up to 900,000 tonnes of the pulse crop in 2022-23. That would be a vast improvement over the previous year’s 667,000 tonnes. […] Read more
Markets
U.S. winter wheat crop in trouble
The U.S. winter wheat crop is in terrible shape as 2022 draws to a close, but that is not necessarily a precursor of what’s to come in 2023, says an analyst. An estimated 34 percent of the crop was rated good to excellent as of Nov. 29, down from 44 percent the same time one […] Read more
U.S.-Mexico corn fight could hurt barley growers
The United States would have to find new markets if it was unable to resolve GMO dispute, lowering prices for all feedgrains
A brewing corn trade war between Mexico and the United States could have dire consequences for Canadian barley growers, says an analyst. Mexican president Andres Manuel Lopez Obrador issued a presidential decree on Dec. 31, 2020, that would ban the import of genetically modified corn starting in 2024 and phase out the use of glyphosate. […] Read more
World Cup teaches lessons farmers have already learned
Canada learned a lesson about being world class at this year’s soccer World Cup in Qatar. We aren’t it. Not yet. That became apparent after three matches in which the Canadian players showed much energy, determination and courage, but not much else. A poor Belgium side beat us because we couldn’t score. When our boys […] Read more
Canadian grain export pace on target, but U.S. corn sales lag
The slow pace of American corn exports was a drag on grain markets last week, but Canadian canola and wheat exports look on target. I’ll talk about the American export situation later, but let’s first look at the Canadian position. We have export data from the Canadian Grain Commission’s weekly report for Week 17 to […] Read more
Chickpeas ride price wave amid short supplies
Stocks in India are no more than 20,000 to 25,000 tonnes, and new crop supplies won’t arrive for two to three months
The global pipeline for kabuli chickpeas is empty, according to a trader of the crop. One of the big reasons is that India had a short crop in 2022-23, Navneet Singh Chhabra, director of Global Garbanzo, said during the Global Pulse Confederation’s India Roundtable webinar. He estimates current stocks are no more than 20,000 to […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts was not available Dec. 2. It was $65.29 Nov. 25. U.S. hogs averaged $82.22 on a carcass basis Dec. 2, down from $82.95 Nov. 25. The U.S. pork cutout was $88.94 per hundredweight Dec. 2, up from $87.63 Nov. 25. 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. Fed prices steady Western Canadian fed prices have been steady for the past seven weeks. Ontario and […] Read more
Bank of Canada increases rates, says hikes may be over
OTTAWA (Reuters) – The Bank of Canada on Wednesday hiked its benchmark overnight interest rate by 50 basis points to 4.25 percent, the highest level in almost 15 years, and signalled the tightening campaign was near an end. The central bank, which has raised rates at a record pace of 400 basis points in nine […] Read more
Canada exports rose in October helped by weak dollar
OTTAWA (Reuters) - Canada’s exports rose in October, largely driven by pharmaceutical products, while imports were also up, largely as a result of a depreciation of the Canadian dollar, data showed on Tuesday. The country’s trade surplus with the world grew to $1.21 billion in October, Statistics Canada said, slightly above analysts’ forecasts of a surplus of […] Read more
