Markets
CHICAGO (Reuters) — Some U.S. railroads said they will start halting crop shipments today, one day ahead of a potential work stoppage. The move, confirmed by an agricultural association and sources at two grain cooperatives, will threaten exports and feed deliveries for livestock. As farmers harvest crops that are shipped to meat and biofuels producers, […] Read more
Markets
U.S. expects better pea crop
There probably won’t be as much demand for Canadian peas in the United States this year due to a vastly improved crop south of the border. The USA Dry Pea and Lentil Council forecasts 747,210 tonnes of production, with the caveat that it is a little early to be making such predictions. That would be […] Read more
Barley to China: more sales, more risk
More than 80 percent of Canadian exported barley is shipped to one country, potentially elevating trade risks
Canada has become dependent on China for barley exports. In the 2020-21 crop year, Canada exported about 3.7 million tonnes of feed and malt barley. Nearly all of that, close to 90 percent, was shipped to China. “It’s been above 80 percent of our exports, for combined feed and malting barley, over the last few […] Read more
Canada, China suspend canola complaint
Canada and China have agreed to suspend proceedings against Chinese measures affecting the importation of Canadian canola seed, according to a World Trade Organization complaint on Sept. 1. The panel suspended its work as of Aug. 30, said the complaint. Work can be suspended at any time at the request of the complaining party for […] Read more
Cattle producers on eastern end of the West hope for better
Cattle producers on the eastern prairies are running on financial fumes, trying to ease themselves over the last little bit of a mountain of woe, looking forward to coasting downhill into a better year. “We are in very tight times,” said Tyler Fulton, a southwestern Manitoba cattle producer and president of Manitoba Beef Producers. “This […] Read more
Recession worries dampen prospects for crop price rally
Crop markets are focused on two things: the latest production forecasts as the Northern Hemisphere harvest of spring-seeded crops begins; and worries that the fight against inflation will push world economies into recession. Wheat and oilseed futures are steady, trading within a range for a month, while corn futures modestly rallied from the July low. […] Read more
Farmers face tough decision with off-the-combine sales
This was (probably) one of the best years for farmers to have fall prices and delivery locked-in. Whether for bin management, cash flow, or guaranteeing historically high prices, being able to move crop soon for a nice price is a situation a lot of producers would want. Unfortunately, this was the most likely year for […] Read more
Avian flu still flying around in the West
Alberta has seen more than one million birds affected this season, almost twice the number seen in Ontario
Avian influenza continues to affect chicken farms in Alberta. The latest case was identified Aug. 31 in a commercial operation in Sturgeon County. Now producers brace for a possible return of the virus with the fall migration of wild birds. Despite not having a single case of bird flu since it was first reported in […] Read more
Argentine bean troubles leave market in tight spot
A major exporter’s short crop will leave white bean markets scrambling this year. Argentina has an estimated 114,000 tonnes of Alubia beans available for export in 2022-23, the lowest volume since 2013-14. This year’s exports will be about half of the record 220,000 tonnes shipped last year, according to a panelist speaking at the recent […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts Sept. 2 was not available this week. U.S. hogs averaged $97.68 on a carcass basis Sept. 2, down from $110.25 Aug. 26. The U.S. pork cutout was $102.25 per hundredweight Sept. 2, up from $102.23 Aug 26. The estimated U.S. weekly slaughter to Sept. […] Read more
