If Canadian canola farmers had the chance on Jan. 1 to convert all their stored canola into an equivalent value of gold bricks, should they have done it? “Your investment in gold bricks would have performed worse than canola,” said MarketsFarm analyst Bruce Burnett. That is because the Canadian dollar has weakened substantially versus the […] Read more
Markets — page 2
Falling loonie takes edge off falling canola markets
Crush margins heading up
WINNIPEG, (MarketsFarm) – As canola and other farm commodities made strong gains over the last week, there was something a little strange about things, according to Winnipeg-based trader Bill Craddock. He said crush margins follow prices for edible oils and meal, as well as the Canadian dollar. It’s all part of the formula used to […] Read more
Wheat futures underpinned for now, but watching headlines
Winnipeg,(MarketsFarm) – United States wheat futures have climbed higher over the past week, with the largest gains in Chicago Board of Trade soft wheat, as global uncertainty over the COVID-19 pandemic provided some support. However, that uncertainty could also makes predicting market trends rather difficult, according to an analyst. “All of my comments come with […] Read more
China’s January-February soybean imports from U.S. rise as truce takes effect
BEIJING (Reuters) – China’s soybean imports from the United States in the first two months of the year rose sixfold from the same period last year, customs data showed on Wednesday, as cargoes booked during a trade truce between the countries arrived. China, the world’s top importer of the oilseed, brought in 6.101 million tonnes […] Read more
Risky COVID-19 choices coming, and there’s no dodging them
Our leaders face tough decisions. There are none without severe costs to people or our society
Choices have to be made about how to deal with COVID-19. None of those choices are going to be easy. And nobody’s likely to get it “right.” But our planet’s leaders face an excruciating set of choices on how to cope with the dual risks of disease deaths for humans from coronavirus and permanent damage […] Read more
Lack of willing sellers keeps pulses underpinned
Winnipeg, (MarketsFarm) – Pea and lentil bids in Western Canada are holding relatively steady for the time being, despite anecdotal reports of increased international demand due to the COVID-19 pandemic, with attention soon shifting to spring seeding. A lack of willing sellers is keeping pulse bids underpinned in Western Canada, according to broker Dale McManus, […] Read more
China and U.S. announce continued trade progress
The U.S. continues to build its advantage in the massive Chinese market for meat and other agri-food commodities. This morning, the U.S. government announced “continued progress” in the U.S.-China Phase One trade agreement. The progress includes new rules for American chicken producers and more access for U.S. beef, pork and animal feed exporters. For instance, […] Read more
USDA, USTR cite progress on farm provisions of U.S.-China trade deal
WASHINGTON (Reuters) – The United States and China have made progress in implementing the agriculture-related provisions of a Phase 1 trade deal that took effect on Feb. 14, the U.S. Department of Agriculture and U.S. Trade Representative said on Tuesday. In a joint statement, they listed a number of steps taken that should help boost […] Read more
Solid demand, logistics underpin durum bids
Winnipeg,(MarketsFarm) – Durum bids in Western Canada have found some support from solid demand and logistical issues elsewhere in the world. Anecdotal reports of pasta hoarding, due to COVID-19 concerns, were also somewhat supportive. Cash durum bids in Saskatchewan are currently in the C$7.50 to C$8.00 per bushel range, according to Prairie Ag Hotwire data. […] Read more
Organic producers looking at slim profits
This year could be one of slim profits for organic producers. Over the last several months, organic grain prices have dropped and data from Manitoba Agriculture suggests that organic farmers could lose money on certain crops. Farmers that produce decent yields will still make a profit. But farmers with sub-par yields could struggle this year. […] Read more
