Wheat bids in Western Canada were up for the week ended Dec. 7, as strength in the Unites States futures provided support. Average Canadian Western Red Spring (13.5 percent CWRS) wheat prices were up C$5 to C$7, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average […] Read more
Markets — page 2
Uncertainty moves into markets
ICE Futures canola contracts moved higher during the week ended Dec. 7, although whether or not that trend continues is questionable. A rally in Chicago Board of Trade soybeans Monday morning (Dec. 3) provided the initial spark for the move higher in canola, as participants reacted to news of a tentative trade truce between the […] Read more
Quebec rye production on the rise
Rye production was up in Quebec in 2018 and one reason was producers have been supplying hybrid rye for feed to the province’s hog industry. “Feed was coming from out west, but now we’re starting to produce the seed itself here,” said André Lussier, who farms near St. Hyacinthe, Que. and is a director with […] Read more
P&H invests in new terminal
Parrish & Heimbecker is building a new grain export terminal at the Port of Vancouver and that means further investment in inland facilities, increasing delivery opportunities for prairie growers. The terminal will add 3.5 million tonnes of annual handling capacity to the firm’s existing 500,000 tonnes of capacity at its joint venture facility currently operating […] Read more
Canada makes strides on low level presence
Reaching a deal with importers could avoid costly market snags if traces of unapproved GM crops found in shipments
Canada is starting to gain some traction on getting importers to consider adopting low level presence policies. Agriculture Canada has developed a policy model that it is using to promote discussions with key trade partners on the issue. Low level presence (LLP) occurs when a small amount of genetically modified grain that has been approved […] Read more
Little interest in cash advances remains a mystery
Who doesn’t like free money? And who wouldn’t like to turn away a gun pointed at their head? Apparently, many farmers are in both categories, in a continuing mystery to legions of risk management specialists. Why wouldn’t everyone with debts routinely use the cash advance program? Why wouldn’t farmers with hundreds of thousands of dollars […] Read more
Indonesia top importer as wheat sales remain brisk
It is always tricky to write a column with a deadline just as major news-making events are evolving. American President Donald Trump and Chinese President Xi Jinping reportedly agreed on the weekend to temporarily cool down their trade war for 90 days to allow for new negotiations. And a White House statement said the Chinese […] Read more
Search continues for better hog pricing
An analyst predicts that ‘the Armageddon’ is coming if the Canadian industry doesn’t find a way to solve market crisis
Canadian hog pricing has been widely debated for the last five years with no agreement in sight. The dilemma of under-used packing plants, producers leaving the business and market volatility were discussed at the recent Alberta Pork annual meeting in Calgary. While some producers favour a made-in-Canada price formula, economists were hesitant to endorse the […] Read more
Tighter StatsCan canola crop won’t affect market: analysts
Canada’s canola production was revised lower in the latest data from Statistics Canada’s Production of Principal Field Crops report issued on Dec. 6, but two observers agree the final numbers won’t have much effect on markets. “It’s not a report that’s going to allow canola to trade tremendously strong. It might trade a shade firmer, […] Read more
CPTPP to boost canola oil exports to Japan
The Comprehensive and Progressive Trans-Pacific Partnership agreement that enters into force on Dec. 30 should result in new canola crush facilities being built on the Canadian Prairies, says an industry official. Very little Canadian canola oil is shipped to Japan because it faces import tariffs of 15 percent on refined oil and 12 percent on […] Read more
