Markets
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 Western Canadian fed markets continued to grind higher last week, setting new annual highs. […] Read more
Markets
Canfax report
Import rules boost India pea crop
India’s pea import restrictions have resulted in a substantial increase in domestic production of the crop. In particular, the growth in green pea production has been phenomenal, said Pritesh Nandu, partner of the Himatlal Hirji & Co., a pulse wholesaler in Navi Mumbai, India. “Green pea production in 2022 has been a bumper crop in […] Read more
Australia eyes record farm export earnings from bumper wheat harvests
SYDNEY, Sept 6 (Reuters) – Australian farmers are expected to earn a record amount from agriculture exports this financial year, the country’s chief commodity forecaster said on Tuesday, as it raised its estimate on the back of favourable weather and high global prices. The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) said […] Read more
U.S. expected to announce 3 years of biofuel blending mandates in Nov.
NEW YORK, Sept 2 (Reuters) – The Biden administration is expected to announce a rule this year that would detail annual biofuel blending mandates for the refining industry for a three-year period instead of just for one, three sources familiar with the discussions said. The switch to a multi-year target would be aimed at providing […] Read more
Renewable diesel heads for top spot
The American government expects biofuel producers to be making more renewable diesel than biodiesel by this fall
Renewable diesel production is expected to overtake biodiesel production in the United States in October, according to the U.S. Energy Information Administration. “We’re seeing continued growth on the renewable diesel side and stagnation to slight shrinkage on the biodiesel side,” Mindi Farber-DeAnda, team lead of petroleum and natural gas modelling at the EIA, said during […] Read more
Wheat exports from Russia behind expectations
A strong ruble and a long-term export tax seem to be behind Russian farmers’ reluctance to put their crop on the market
Wheat markets have been focused on Ukraine’s improving export logistics but they might want to take a sideways glance at a neighbouring country, says an analyst. SovEcon analyst Andrey Sizov estimates that Russia’s exports for July and August, the first two months of the 2022-23 marketing campaign, will amount to a disappointing 5.9 million tonnes. […] Read more
Lentils could capitalize on India’s pigeon pea shortage
Canadian green lentils are sometimes used as a substitute for pigeon peas in India when the crop runs short
India’s summer (kharif) crop of pulses is likely to fall way short of government expectations, says an analyst. G. Chandrashekhar, senior editor and policy commentator with The Hindu Business Line, is forecasting between 8.4 and 8.7 million tonnes of total kharif pulse production. That is well below the government target of 10.55 million tonnes. He […] Read more
Tricky to speculate where canola prices will be in October
I remember when $500 per tonne was a good price for canola. That was between late 2014 and the beginning of 2021, at the top end of the range that held from the end of the previous commodity bull market until the present one took off in early 2021. Today’s $850 looks awesome by comparison. […] Read more
China has a rice problem; may not affect other markets
A scorching, severe drought blankets southern China, raising questions about what it will mean for crop production there and the Asian giant’s need for grain imports. We don’t know enough yet to answer that question but here is what I was able to find out about the situation. The drought and heat in the mid-40 […] Read more
Grain exporters fret as Chinese economy slows
Some analysts aren’t sure there’s much to worry about, considering a recovering hog sector and drought- hit crop production
China’s slumping economy is sending a nervous ripple through grain markets. It was mentioned in a recent daily newsletter published by the United Kingdom’s AHDB Cereals and Oilseeds Market Intelligence. Lead analyst Millie Askew noted that China’s central bank recently cut key interest rates for the second time this year. “This news sparked concerns over […] Read more
