Markets
China’s hog and pork prices have risen exponentially but that has not caused an increase in herd size, according to Chinese government statistics. The Ministry of Agriculture is reporting that wholesale pork prices in October are nearly double what they were the same time last year, while hog prices are up nearly 140 percent, according […] Read more
Markets
Speculator exodus expected to lower soybean market risk
The funds have pulled out of the soybean market in a big way, reducing further downside price risk for the leader of the oilseeds markets, say analysts. Managed money was net long 101,329 contracts as of Nov.1, down from the 2022 high of 180,334 net long contracts set Feb. 22. Speculators were net short 7,171 […] Read more
China makes another attempt to produce more soybeans
China has a new goal of increasing domestic soybean production to reduce its reliance on imports, but will this latest effort be any more successful than previous tries? It is an important question because of China’s huge standing in global soybean trade. Its imports this year, 98 million tonnes, will account for almost 60 percent […] Read more
Farmers can play a role in staving off political stupidity
When democracy works, politicians of all stripes have lots of opportunities to stave off stupidity. This is the sort of policy stupidity they might themselves commit when in power if they weren’t clued in to the nightmarish consequences of their possible actions. To help them with that, farm and other organizations work hard to provide […] Read more
Waterlogged Aussie wheat crop takes quality hit
The country is still on track to harvest its third bumper harvest in a row, but recent rain expected to turn half of it to feed
SINGAPORE/MELBOURNE (Reuters) — Flooding and excessive rain across key parts of Australia’s wheat growing areas have resulted in extensive damage to what was expected to be a record bin-busting high-quality crop just a few weeks ago, exacerbating concerns over world food supplies. A lower quality crop in Australia, the world’s No.2 supplier of the grain, […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts was $67.18 Nov. 4, down from $72.78 Oct. 28. U.S. hogs averaged $85.18 on a carcass basis Nov. 4, down from $90.54 Oct. 28. The U.S. pork cutout was $96.72 per hundredweight Nov. 4, down from $101.34 Oct. 28. The estimated U.S. weekly slaughter […] 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. High price, low basis The western Canadian fed market has been the tale of two stories. On […] Read more
Russia now world’s largest pea producer
Canada has lost its long-standing status as the world’s biggest pea producer. Russia harvested a record 4.3 million tonnes of the crop in 2022, according to a recent Global Pulse Confederation (GPC) article. That tops Canada’s estimated production of 3.59 million tonnes. Marlene Boersch, managing partner of Mercantile Consulting Venture, said the report of a […] Read more
Russian wheat stable as Moscow sticks to Black Sea grain deal
This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Nov 7 (Reuters) – Russian wheat prices finished last week steady after volatile trade inside the week as Moscow suspended participation in the Black Sea deal allowing Ukrainian shipments and then came back to it, analysts said […] Read more
Speculator exodus reduces soybean market risk
The funds have pulled out of the soybean market in a big way, reducing further downside price risk for the leader of the oilseeds markets, say analysts. Managed money was net long 101,329 contracts as of Nov.1, down from the 2022 high of 180,334 net long contracts set Feb. 22. Speculators were net short 7,171 […] Read more
