Markets
Specialist teams respond to ‘yellow alert’ by battling to save crops as country swelters in a weeks-long extreme heat wave
SHANGHAI, China (Reuters) — China has issued its first national drought alert of the year as authorities battle forest fires and mobilize specialist teams to protect crops from scorching temperatures across the Yangtze River basin. The national yellow alert, issued late Aug. 18, comes after regions from Sichuan in the southwest to Shanghai in the […] Read more
Markets
WP livestock report
Hogs The U.S. national live price average for barrows and gilts Aug. 19 was not available this week. U.S. hogs averaged $117.80 on a carcass basis Aug. 19, down from $123.69 Aug. 15. The U.S. pork cutout was $117.15 per hundredweight Aug. 19, down from $121.83 Aug 15. The estimated U.S. weekly slaughter to Aug. […] 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 price at new high Alberta and Ontario fed prices have been moving in opposite directions lately. […] Read more
Lentils could capitalize on India’s pigeon pea shortage
India’s summer (kharif) crop of pulses is likely to fall way short of government expectations, says an analyst. G. Chandrashekhar, senior editor and policy commentator with The Hindu Business Line, is forecasting between 8.4 and 8.7 million tonnes of total kharif pulse production. That is well below the government target of 10.55 million tonnes. He […] Read more
Russian wheat exports behind expectations
Wheat markets have been focused on Ukraine’s improving export logistics but they might want to take a sideways glance at a neighbouring country, says an analyst. SovEcon analyst Andrey Sizov estimates that Russia’s exports for July and August, the first two months of the 2022-23 marketing campaign, will amount to a disappointing 5.9 million tonnes. […] Read more
Renewable diesel poised to overtake biodiesel
Renewable diesel production is expected to overtake biodiesel production in the United States in October, according to the U.S. Energy Information Administration. “We’re seeing continued growth on the renewable diesel side and stagnation to slight shrinkage on the biodiesel side,” Mindi Farber-DeAnda, team lead of petroleum and natural gas modeling at the EIA, said during […] Read more
U of Guelph scientist slams fertilizer emissions plan
A scientist from Ontario’s University of Guelph says the federal government is rushing its plan to cut greenhouse gas emissions from nitrogen fertilizer. Other scientists are concerned the current plan could contribute to the urban/rural divide where city dwellers view farmers as the bad guys, who are trying to destroy the planet. “I’m afraid when […] Read more
Barley buyers hit the road – photo essay
The Canadian Malting Barley Technical Centre held its Western Canadian Barley Crop Tour Aug. 10-12. The tour was designed for brewers and maltsters, including international buyers of Canadian barley, to view the newest Canadian malting barley varieties. | Robin Booker photos
Tight grain market pushes price pendulum
Prices are expected to start climbing during the winter as buyers once again become nervous about available supplies
The pendulum has swung too far in grain markets, says an industry analyst. “I think we have overdone it on the downside,” said Todd Hultman, lead analyst with DTN/Progressive Farmer. December corn futures are stabilizing at around US$6 per bushel while nearby Minneapolis wheat futures have dipped below $9. Hultman thinks there is a reasonable […] Read more
Chinese gov’t extends restrictions on phosphate exports
The measures are expected to be ‘enforced stringently’ as officials attempt to lower the domestic price paid for fertilizer
China surprised phosphate fertilizer markets in July by extending its export restrictions through the end of 2022. The restrictions that were first imposed in October 2021 were set to expire by the end of June. Those original restrictions resulted in six Chinese manufacturers, with the capacity to produce 2.75 million tonnes per year, shutting down […] Read more
