After hitting the pause button on plans to help Alberta’s oil and gas companies by reducing taxes levied by rural municipalities, the provincial government said it has come up with a solution that will help both sides. “I feel with our decision today, we have balanced the needs of both municipalities and the oil and […] Read more
Markets — page 2
Fababean buyer shuts down
The world’s largest fababean buyer is out of the market for the short term as it chews through excess supplies. COVID-19 caused a sharp reduction in Egyptian consumption of the crop, said Mufaddal Saifuddin, a trader with Mufaddal for Food Industries in Egypt. He told delegates attending Pulses 2.0, a virtual conference hosted by the […] Read more
Green lentil demand expected to remain strong
Analysts say global imports could reach 1.18 million tonnes this year, up from the five-year average of 1.09 million tonnes
Analysts and industry officials anticipate strong green lentil demand in 2020-21. Juan Sebastian Pabon Chaves, vice-president of grains and cereals at Le Perla, a Colombian grain company, said Colombia imported 75,000 tonnes of green lentils in the first nine months of 2020. “That’s on the high side because normally in Colombia we import between 65,000 […] Read more
Oilseeds look set to break above long-term resistance
This fall’s crop price rally is driven in part not by current supply and demand fundamentals, but by worries about what might happen to crops to be harvested next year. We can’t ignore the market support from current strong demand from China and elsewhere, but a good portion of the market action is driven by […] Read more
Options are neglected tool in managing marketing risk
Option contracts are getting a lot of attention these days — for all the wrong reasons. They have been massively used and abused, often to disastrous results, by the hordes of homebound, overconfident young men idled by the pandemic, who flocked to trading platforms like Robinhood to make overnight riches. Many of them put everything […] Read more
Chinese demand keeps pea prices buoyant
China bought 1.45 million tonnes in the first six months of the year, which is a 69 percent increase from the previous year
China’s voracious appetite for peas will keep prices well supported throughout 2020-21, say analysts. David Chen, managing director of Ninjing Bonagro International Trading Co., thinks China could import as much as three million tonnes of peas in 2020, up from two million tonnes last year. China bought 1.45 million tonnes in the first six months […] Read moreBlack Sea region produces seven percent less pulses
Countries likely to export 1.9 million tonnes, similar to last year but well below the record of 3.1 million tonnes
Russian farmers produced a good-sized pea crop but are unhappy with the prices, says an analyst from the region. Dmitry Rylko, chief executive officer of the Institute for Agricultural Market Studies, estimates that growers harvested 2.6 million tonnes of yellow peas, a slightly bigger crop than last year. He is forecasting 900,000 tonnes of exports, […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts was not available Oct. 9 or Oct. 2. U.S. hogs averaged $64.52 on a carcass basis Oct. 9, up from $63.52 Oct. 2. The U.S. pork cutout was $94.80 per hundredweight Oct. 9, up from $92.15 Oct. 2. The estimated U.S. weekly slaughter to […] 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. Feds on upward trend Alberta direct cattle sales saw moderate volume trade last week with weighted average […] Read more
Investment funds keep grain afloat
Recent interest at hedge and index funds in the corn, soybean and wheat futures markets is having an impact on prices
Farmers can thank investment funds for the recent surge in grains and oilseeds prices, says an analyst. As of last week, hedge and index funds had a net ownership position of more than US$30 billion in United States corn, soybean and wheat futures markets. That is the highest ownership position since early summer of 2018, […] Read more
