Markets
This year’s wheat crop has graded well, and the industry assures customers that there is ample supply for export
Canada is assuring its global wheat customers that it has a top-notch crop to sell them this year. “We are pleased to share that Canada has excellent quality in all wheat classes,” Dean Dias, chief executive officer of Cereals Canada, said in a press release. More than 90 percent of Canada Western Red Spring wheat […] Read more
Markets
American wheat group takes Turkey to task over dumping
U.S. Wheat Associates claims country is dumping wheat flour and failing to comply with World Trade Organization rules
Turkey is not playing by the rules when producing and exporting wheat flour, according to U.S. Wheat Associates. “Turkey maintains a web of substantial domestic support programs that incentivize the overproduction of Turkish flour, which is dumped into overseas markets below global price levels,” the group alleged in a recent blog post. USW said the […] Read more
Canola price influenced by crude oil, S. American weather
A trend of steady canola futures prices this fall broke in mid-November, with prices pressured lower by falling crude oil, a strong Canadian dollar and increased farmer selling. The price direction in coming weeks is difficult to determine as the crude oil market faces geopolitical uncertainty. Another uncertainty is South America’s soybean crop. Early promise […] Read more
Getting crop insurance right can be a balancing act
Farmers in Portage la Prairie, Man., got a lot of insight into the philosophy and complexities of crop insurance when the Manitoba’s chief product officer described recent tweaks. David Van Deynze sketched out a world in which unintended consequences, moral hazard and farmer psychology float amid the storms of weather volatility and regional variation. Underlying […] Read more
Mustard prices rise as production increases
Prairie harvest went well with the help of more typical weather conditions last summer and dry conditions in October
If Agriculture Canada’s latest monthly principal field crop estimates hold true, mustard is having a bounce-back year. High prices for the seed led to nearly double the acres planted for the 2022-23 marketing year at 556,000, compared to 289,000 the previous year. As a result, 177,000 tonnes were produced in Canada in 2022, more than […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts was $65.29 Nov. 25. It was not available Nov. 18. U.S. hogs averaged $82.95 on a carcass basis Nov. 25, up from $81.81 Nov. 18. The U.S. pork cutout was $87.63 per hundredweight Nov. 25, down from $93.44 Nov. 18. 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 rise Alberta fed prices saw modest gains over the past five weeks thanks to sporadic […] Read more
Chickpeas ride price wave amid short supplies
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 more
Canadian lentils could fill gap from poor India pigeon pea stocks
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
U.S. House to vote to block rail strike despite labor objections
WASHINGTON/LOS ANGELES (Reuters) – The U.S. House of Representatives was set to vote Wednesday to block a rail strike that could potentially happen as early as Dec. 9, after President Joe Biden warned of dire economic consequences and massive job losses. House Speaker Nancy Pelosi said lawmakers will vote Wednesday to impose a tentative contract […] Read more
