Markets
Worker shortages and supply chain stress continue to wreak havoc on Canada’s meatpacking industry, with Olymel slashing management ranks by 177 jobs. The Quebec-based company says the cuts will mostly fall within Quebec and about two-thirds of the cuts involve currently empty positions. As the company faces a combination of cost pressures, slimming down management […] Read more
Markets
WP livestock report
Hogs The U.S. national live price average price for barrows and gilts was not available for Oct. 21 and Oct. 14.. U.S. hogs averaged $88.89 on a carcass basis Oct. 21, up from $87.80 Oct. 14. The U.S. pork cutout was $100.94 per hundredweight Oct. 21, down from $101.86 Oct. 14. 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. U.S. offers premiums The Canadian fed market has been disappointing relative to the U.S. Alberta and Ontario […] Read more
Tightening nitrogen fertilizer supplies raise alarm
The head of the world’s leading fertilizer company is worried that food production will falter as nitrogen fertilizer supplies tighten. “We are deeply concerned about the state of global agriculture,” Svein Tore Holsether, president of Yara International, said during the company’s third quarter 2022 conference call. Fertilizer supplies are being squeezed as manufacturers curtail production […] Read more
U.S. nitrogen exports jump as Europe scrambles for fertilizer
CHICAGO/LONDON, (Reuters) - U.S. exports of nitrogen fertilizers jumped to a multi-year high this summer after surging natural gas prices in Europe drove up costs of producing the crop nutrient there, making U.S. shipments more competitive. The brisk U.S. sales highlight the far-reaching effect of the war in Ukraine on global food and energy supplies. Russia, under financial sanctions, is a major […] Read more
Rains threaten South American wheat
There are signs that South America’s grain crops could be disappointing in 2022-23, says an analyst. Excessive rainfall is threatening the wheat crop in Parana in southern Brazil, said Michael Cordonnier, analyst with the Soybean & Corn Advisor newsletter. Parana is the second biggest wheat producing state in the country. Parts of the state have […] Read more
More forward selling recommended
Historically high prices and a volatile market environment seen as good reasons to forward sell more than usual this year
Jacob Shapiro woke up to two big market developments the morning of his FarmLink webinar presentation. There was a Reuters report that Russia is preparing to back out of the Black Sea grain corridor deal, which allows Ukraine’s grain to leave the war-torn country by ship. And there was another report that inflation continued to […] Read more
USDA keeps a lid on Russian wheat estimate
Most market observers expect the country to harvest a significantly large crop, but Americans stick with smaller number
The U.S. Department of Agriculture is sticking with its Russia wheat forecast, which is far lower than the bin-buster others are projecting. The USDA kept its number at 91 million tonnes in its October World Agricultural Supply and Demand Estimates report. That estimate is at odds with official data from the Russian Ministry of Agriculture, […] Read more
Global weather problems weigh on red lentil price outlook
Market nervous about quality as heavy rain threatens Australia’s crop and Canadian production remains up in the air
Analysts differ on the outlook for red lentil prices. FarmLink Marketing Solutions lead analyst Neil Townsend is bullish red lentils, primarily due to heavy rainfall in eastern Australia. Australia is Canada’s main competitor in export markets. Heavy rain and flash flooding have been occurring in northern Victoria and southern New South Wales, where about half […] Read more
La Nina continues to dominate crop weather into winter
Most North American grain and oilseed farmers would love to see fall rain to replenish drought affected or drier than normal soil. Their counterparts in Argentina are even more desperate for rain. They are in the Southern Hemisphere spring and winter wheat is shrivelling due to lack of rain and the fields that they will […] Read more
