WINNIPEG – As high-level trade talks are underway in Beijing this week between the United States and China, the commodity markets are watching carefully to see what happens, said an analyst following the Chicago Board of Trade. “All eyes are on March 1,” said Steve Georgy of Allendale Inc. Should negotiators fail to make any […] Read more
Markets — page 2
Canola crushing expected to expand
A potential for massive growth in global oil and fat demand promises a big increase in Canadian canola exports
BRANDON — All the ducks seem to be in a row: canola crushers in Canada operate close to full capacity, the country has a new trade deal with Japan, which should boost canola oil exports, and the world needs more vegetable oils. “You will never hear a name from me … but let’s put it […] Read more
Huawei issue could slam door on canola exports
Political friction between China and Canada is raising worries that the Asian giant might limit its imports of canola. Exports of the oilseed lag behind last year’s pace and if our biggest buyer were to slow purchases, it would be a serious thing. There is worrisome talk that unofficial roadblocks are already hampering new sales, […] Read more
Healthy exports support booming American cattle sector
Expansion is slowing, but the herd is likely to increase slightly this year with peak numbers expected in 2020-21
NEW ORLEANS, La. — The U.S. cow herd expansion is slowing, but a healthy economy and growing exports keep demand strong. There is a record amount of beef, pork and poultry that relies on exports to chew through. The American population is growing at a rate of less than one percent, and even though per […] Read moreChina has been making canola sales harder, trader says
Canada’s increased difficulty exporting the crop to the Asian giant is linked to political tensions over the Huawei issue
Canada’s dispute with China over the detention of a Huawei executive is hurting canola sales to its top market, says a trader. “It is definitely impacting our demand scenario into there, for sure,” said the Canadian canola trader who did not want to be identified. Not much canola is being sold April forward, and product […] Read moreU.S. opens a whiskey door for buckwheat
New regulations will allow distilled spirits using buckwheat, quinoa and amaranth to be officially called whiskey
A new market could soon be materializing for buckwheat. The U.S. Treasury Department’s Alcohol and Tobacco Tax and Trade Bureau has published proposed new rules to modernize the labelling and advertising regulations for wine, distilled spirits and malt beverages. The 132-page document includes one paragraph proposing to define the term “grain” used to make distilled […] Read moreNavel gazing important for surviving survivorship bias
Today’s farmers are great at surviving. That’s obviously true because any who are still farming today have survived horrendous weather wrecks, endured appalling market slumps and held on through the endless beat-down economics of bulk commodity production. They’ve done some things right — and maybe they’ve had some luck. But that survival brings its own […] 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. Steer price down Weighted average steer prices closed last week $4.86 per hundredweight lower, the lowest point […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$39.80 per hundredweight Feb. 1, up from $39.36 Jan. 25. U.S. hogs averaged $50.38 on a carcass basis Feb. 1, up from $51.32 Jan. 25. The U.S. pork cutout was $66.99 per cwt. Feb. 1, down from $67.67 Jan. 25. The estimated U.S. […] Read more
ICE Canola Weekly Outlook: Farmers advised to price some new crop
Winnipeg – ICE Futures canola contracts held within a narrow trading range during the week ended Feb. 6, as participants await some fresh market moving news. While the sideways trading range could persist in the near term, an analyst said new crop futures were at decent levels and encouraged farmers to do some forward pricing. […] Read more
