This year, everything went right for spring wheat growers in the United States. | File photo

U.S. growers looking at big spring wheat crops

This year, everything went right for spring wheat growers in the United States. Acres jumped by more than two million and the average yield hit nearly 50 bushels per acre, setting a national record. On top of that good news, in late October the U.S. Wheat Associates reported that the 2018 crop is mostly high-quality […] Read more

A menu board at the Old Fitzroy Hotel in Sydney, Australia, displays the slogan “Parma for a Farmer,” indicating that the proceeds from sales of parmagiana will go to farmers suffering from drought this year. The extremely dry conditions in eastern Australia are expected to significantly curtail the country’s export potential.  |   REUTERS/David Gray photo

Aussie wheat wreck to boost prices

Drought is expected to reduce the country’s winter crop to 28.22 million tonnes, 31 percent below the 10-year average

One of Canada’s main rivals in the grain export business is having a wretched year and that will likely lead to increased demand and higher prices for Canadian crops, says an analyst. The Australian Department of Agriculture and Water Resources (ABARES) forecasts a total winter crop of 28.22 million tonnes. That would be the smallest […] Read more

One of the lessons learned from the 2008 financial crisis is how important it is to carefully manage your marketing plan.  |  File photo

Farmers can learn lessons from 2008 financial crisis

This is the final column in a series about lessons learned from the 2008 financial crisis. They say never let a crisis go to waste, and I hope farmers used the 2008-09 financial crisis to boost their understanding of the various types of risk they face. That’s why I started this series, which I’m concluding […] Read more

Traders work on the floor of the New York Stock Exchange Oct. 24. It’s too early to know if the recent drop in the stock market will boost farm commodities, but the U.S.-China trade war is dragging all sectors down. |  REUTERS/Brendan McDermid photo

Equity selloff unlikely to help agricultural commodities

Stock markets tumbled sharply over the last few weeks as traders took profits from the run up earlier this year and positioned themselves for the possibility of weaker economic growth and corporate profits in coming months. Some market theorists believe that when money comes out of equities it sometimes flows into commodities as investors look […] Read more

A farm crisis in India is being blamed on government mishandling of its minimum support price program.  |  REUTERS/Danish Ismai photo

India’s pricing threatens imports

There is a crisis brewing in rural India, and that doesn’t bode well for a resumption of pulse trade to that country, says an Indian broker. Vivek Agrawal, director of JLV Agro, an Indian commodity brokerage firm, said pulse markets have been stagnant and there is a danger of them heading down. “The fear is […] 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 Feeder trade lower Over the past three weeks, calf prices have traded lower than last year. Weekly […] Read more

WP livestock report

Lambs Ontario Stockyards Inc. reported that 1,116 sheep and lambs and 53 goats sold Oct. 22. Light lambs sold steady. Heavy type lambs sold barely steady to $10 cwt. lower. Good sheep traded $5-$10 cwt. higher. Goats traded barely steady. Beaver Hill Auction in Tofield, Alta., reported that 1,325 sheep and 430 goats sold Oct. […] Read more

Canola contracts hit yearly lows at market close on Oct. 31. The January contract closed at C$486 per tonne, dropping more than C$2 during the day. It had been falling in value daily over the previous days. | Robin Booker photo

ICE canola could go lower still

It’s a dismal outlook for the ICE canola market as it has hit new yearly lows and could go lower still, according to one trader. “Unfortunately the news for the moment doesn’t seem to be overwhelmingly bullish news. It continues to be a little bit on the tad negative side,” said Keith Ferley of RBC […] Read more

Global lentil production is expected to rise, but demand is also increasing.  |  File photo

Some optimism for peas, lentils not invited for the ride

Lentil growers hoping to see a light at the end of the current tunnel of low prices and restricted markets will likely be disappointed for some time. However, farmers with peas might see better market conditions over the course of the shipping year because of the United States-China trade war. “For our purposes, when we […] Read more

Total wheat and coarse grain production globally is projected to fall for a second year with a smaller 2018-19 crop, according to the International Grains Council. While corn and sorghum have risen, they are outweighed by other grain declines. Wheat production is expected to fall by 41 million tonnes year over year and barley will see its smallest harvest in six seasons. Global consumption for all purposes is set to reach a new high of 2,136 million tonnes, up 29 million tonnes over last season. World carryout stocks are predicted to contract for a second year in a row, 64 million tonnes down from last year, to a four-year low of 544 million tonnes. Chinese inventory reductions form half of that fall.

Canola not flying to China

China’s soybean spat with the United States will not result in a huge increase in Canadian canola sales to the Asian country, says a trader of the crop. “You can’t really increase exports to China anything dramatically because you still have to be a registered crush plant there,” said Glen Pownall, managing director of Peter […] Read more