The United Conservative Party will be Alberta’s new government, receiving a majority mandate from voters Tuesday night. The party, with premier-designate Jason Kenney at the helm, will send at least 60 MLAs to the legislature this spring with a strong rural voice. “Our province has sent a message to Canada and the rest of the […] Read more
Markets — page 2
Views differ on exports to China other than canola
WINNIPEG – Depending on whom one has spoken with, there are differing views as to grain exports to China other than canola. The federal government stated there have been no export issues outside of canola. “The current actions taken by China are limited to canola seed, and we have not received any indication of broader […] Read more
India remains top lentil customer
High domestic prices in the Asian country mean foreign purchases can make sense even with 33 percent duties
Who was the top importer of Canadian lentils through the first half of the 2018-19 marketing campaign? Was it the United Arab Emirates? Nope. How about Egypt? Wrong again. It was India. You know, the country that has a 33 percent import duty on Canadian lentils. Despite that duty, India purchased 195,000 tonnes of lentils […] Read more
African swine fever to upend markets
China is expected to import far fewer soybeans in the future as the pork sector declines and purchase much more meat
African swine fever will “shake up the basket” of global agricultural trade for years to come, says an industry analyst. Arlan Suderman, chief commodities analyst with INTL FCStone, said his contacts in China tell him hog feeding is down 40 percent. The contacts include INTL FCStone staff on the ground as well as Chinese feed […] Read more
Timing is tough when marketing around a trade dispute
A farmer who gets the timing right on the end of the China-Canada canola dispute could make a lot of money. After all, any resolution of the lingering and worsening crisis could see canola prices pop dozens of dollars per tonne, rising a couple of bucks a bushel. When China began shutting off its market […] Read more
Biodiesel sector offers to take more canola
The renewable fuel industry says a stronger domestic market would ease challenges caused by export volatility
China’s canola export ban helps make the case for expanding consumption of domestically produced biodiesel and there are plenty of opportunities to do so, says an advocate of the alternative fuel. “The current situation underlines, unfortunately in a rather acute way, the benefits of a domestic biofuel industry that isn’t at risk from trade action,” […] Read moreStrong feeding sector helps push down barley stocks
Canadian barley carryout is forecast to be the lowest in six decades. Agriculture Canada estimates 900,000 tonnes of carryout. Index Mundi has charted ending stocks going back to 1960 and they have never been lower. Neil Townsend, senior market analyst with FarmLink Marketing Solutions, said the low stocks are the result of a combination of […] Read more
Prairie producers need wider range of profitable crops
Our trade troubles with China and India highlight the need not only to diversify markets but to also diversify the prairie portfolio of profitable crops. Canola is celebrated as the bill payer in Western Canada, the one major crop that usually generates a healthy profit while others are grown only as a necessary part of […] 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. Alberta fed cattle traded steady for the week of April 1, and dressed sales were equal to […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$58.62 per hundredweight April 5, up from $55.34 March 29. U.S. hogs averaged $75.79 on a carcass basis April 5, up from $74.89 March 29. The U.S. pork cutout was $81.84 per cwt. April 5, up from $81.33 March 29. The estimated U.S. […] Read more
