Markets
A few Novembers ago, senior Canadian cabinet ministers headed to China with dozens of agriculture and other leaders in tow. They were filled with glowing visions of big new markets and a friendlier embrace than the United States was offering. This November, Canadian Foreign Affairs Minister Melanie Joly and Prime Minister Justin Trudeau head to […] Read more
Markets
Canadian dollar expected to remain stable for rest of year
Export Development Canada is forecasting stability for the Canadian dollar for the remainder of the 2022-23 crop year. “Our expectation and our forecast is we’ll probably settle in around 75 cents,” said Ross Prusakowski, principal economist with EDC. He thinks the trading range for the loonie will likely be US$0.73 to US$0.78 as inflation concerns […] Read more
High-oleic sunflower production comes up short
Some analysts think this year’s harvest may be down by 55 percent in Ukraine, which is the world’s leading supplier
High-oleic sunflower production is way down in Ukraine, and that presents a marketing opportunity for Canada’s high-oleic canola growers, says an industry official. UkrAgroConsult is reporting that Ukraine’s high-oleic sunflower acres are down 55 percent in 2022-23 compared to last year. The country’s sunflower harvest is just wrapping up. Ukraine is the world’s leading supplier […] Read moreCanfax 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. Packers have plenty Fed prices typically gain seasonal price momentum through the fourth quarter and into the […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was not available Nov. 10. It was $67.18 Nov. 4. U.S. hogs averaged $85.23 on a carcass basis Nov. 10, up from $85.18 Nov. 4. The U.S. pork cutout was $96.54 per hundredweight Nov. 10, down from $96.72 Nov. 4. The estimated U.S. weekly […] Read more
Plant-based food advocates tout sector’s potential
Reports of the death of the plant-based protein industry were grossly exaggerated, according to industry proponents. Major U.S. newspapers have reported that the 10-year plant-based protein fad is over, pointing to ominous signals such as the 80 percent plunge in Beyond Meat’s share price and meat giant JBS terminating its Planterra business. Murad Al-Katib, president […] Read more
Canadian dollar expected to remain stable for rest of year
Export Development Canada is forecasting stability for the Canadian dollar for the remainder of the 2022-23 crop year. “Our expectation and our forecast is we’ll probably settle in around 75 cents,” said Ross Prusakowski, principal economist with EDC. He thinks the trading range for the loonie will likely be US$0.73 to US$0.78 as inflation concerns […] Read more
Discrepancy shows up in wheat ending stock estimates
There is a big discrepancy between Agriculture Canada and the U.S. Department of Agriculture regarding Canada’s estimated 2022-23 wheat ending stocks. Agriculture Canada is forecasting 6.2 million tonnes of all wheat ending stocks, while the USDA is substantially lower at 4.17 million tonnes. That is a critically important difference because ending stocks are highly correlated […] Read more
High-oleic sunflower production comes up short
High-oleic sunflower production is way down in Ukraine, and that presents a marketing opportunity for Canada’s high-oleic canola growers, says an industry official. UkrAgroConsult is reporting that Ukraine’s high-oleic sunflower acres are down 55 percent in 2022-23 compared to last year. The country’s sunflower harvest is just wrapping up. Ukraine is the world’s leading supplier […] Read more
Organic crop market finds stability
Prices are below their season highs set in the spring, but the plunge hasn’t been as dramatic as on the conventional side
Conventional grain markets have been described as volatile, but processors of organic grains are using a different descriptor. “I do believe we’re looking at stability,” said Matt Speidel, a buyer with Avena Foods. The term “stability” was mentioned numerous times during the Organic Grain Markets webinar hosted by SaskOrganics. Demand for most organic crops remains […] Read more
