Rising ocean freight rates are unlikely to disrupt trade patterns unless they keep escalating, says a Canadian grain industry official. The Baltic Dry Index, which measures changes in the cost of transporting bulk goods by sea, soared from a low of about 600 in early February to a high of 2,170 in mid-July, a 262 […] Read more
Markets — page 2
Now might be the right time to buy phosphorus: analyst
International phosphate prices have tumbled in 2019 as supply has far outstripped demand but they could start climbing this fall, says an analyst. “I do see more upside to it, I absolutely do,” said Josh Linville, fertilizer analyst with INTL FCStone. Phosphate was trading in New Orleans for around US$300 per tonne at the beginning […] Read more
Will flax growers sing the blues?
WEYBURN, Sask. – There’s something special about a flax crop in bloom. The blue-purple flowers are easy on the eyes and calming. Almost therapeutic. Driving east of Weyburn, on the last day of July, the blue-purple flowers were seemingly everywhere. Not as common as yellow canola flowers, but close. “My acres (of flax) increased like […] Read more
Will Canada get caught in the trade war?
Trade analysts worry the dispute between China and the U.S. could also have long-term repercussions for Canada
Canadian farmers won’t likely benefit from the escalation in the trade war between the United States and China, says industry officials and analysts. A number of grain market analysts thought wheat might be the one commodity that could reap the rewards of China’s recent announcement that it is stopping all agricultural trade with the U.S. […] Read more
Latest WASDE report surprises markets
The United States Department of Agriculture stunned cereal grain markets with its latest corn production estimate but analysts aren’t buying what the USDA is selling. The USDA had higher acres and much higher yields than the trade was expecting in its Aug. 12 World Agricultural Supply and Demand Estimates (WASDE) report. It pegged the corn […] Read more
Sask. potash mine cuts production
Poor demand for fertilizer caused by unprecedented wet weather in the American Midwest has prompted American fertilizer giant Mosaic to temporarily suspend potash production at its mine near Colonsay, Sask. The Minnesota-based company announced plans earlier this week (Aug. 7) to temporarily curtail production at Colonsay, effective Sept. 10. The decision means that close to […] Read more
China to inspect Argentine crushers, could unlock top soymeal market
BUENOS AIRES, Argentina (Reuters) — A Chinese delegation is set to visit Argentina in August to inspect soymeal crushing plants, Argentine government and industry officials told Reuters, a key step as the South American country looks to open up exports of processed soybeans to the world’s top consumer. Argentina, the top global soymeal exporter, has […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$55.54 per cwt. Aug 9, down from $61.96 Aug 2. U.S. hogs averaged $70.98 on a carcass basis Aug 9, down from $77.20 Aug 2. The U.S. pork cutout was $90.44 per cwt. Aug 9, up from $86.64 Aug 2. The estimated U.S. […] 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. Fed cattle prices steady Fed cattle prices remain relatively unchanged this summer with the Canfax Alberta weighted […] Read more
Large pea crop faces quiet demand
China had increased its pea purchases to fill the gap left by India’s absence, but that business is also slowing down
There is lacklustre demand for what is shaping up to be a big pea crop, says a trader. “The demand side has been super quiet. Extremely quiet,” said Marcos Mosnaim, grain trade manager with Globeways. India’s tariffs and quotas have severely restricted trade with that important pulse buyer. “Product has been going there through the […] Read more
