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
Markets — page 2
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
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
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
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 www.canfax.ca. 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
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
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
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
