Markets
Stronger demand keeps global wheat ending stocks at same level despite higher production estimates in several countries
The U.S. Department of Agriculture ratcheted up wheat production estimates for several countries in its August supply and demand report, but 2022-23 world ending stocks remained unchanged. “They found more production but they also recognize that maybe demand is pretty strong as well,” said MarketsFarm analyst Bruce Burnett. The biggest adjustment was Russia’s new wheat […] Read more
Markets
Canadian wool producers join fight against EU trade move
The proposal by the European Union would require wool exporters to include a product environmental footprint label
Canadian wool producer groups are joining the global call for the European Union to reconsider a proposed methodology in calculating the environmental impact of natural fibres versus artificial ones. The Make the Label Count campaign is crying foul over the EU not factoring into its proposed product environmental footprint (PEF) the creation of microplastics, plastic […] Read more
Shrinking cattle herd in U.S. signals higher beef prices
Drought and high feed prices prompt producers to reduce herds, which is expected to further tighten livestock supplies
CHICAGO (Reuters) — U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers reduce their cattle herds due to drought and lofty feed costs. Those decisions will tighten livestock supplies for years, economists said. The decline in cattle numbers, combined with stiff costs for other production expenses, illustrate why a […] Read more
Crop tour finds wheat yield above average; canola slightly below
Canada’s spring wheat yields will be slightly above average while canola yields will be slightly below normal, according to an early-August crop tour conducted by Argus Media. The company is forecasting a spring wheat yield of 53.3 bushels per acre, eclipsing the Olympic five-year average of 52.4 bu. per acre. The canola forecast is 41 […] 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 price steady Alberta direct cattle sales saw light to moderate volume trade last week and […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was not available for Aug. 15. It was US$ 122.84 Aug. 8. U.S. hogs averaged $123.69 on a carcass basis Aug. 15, down from $124.06 Aug. 8. The U.S. pork cutout was $121.83 per hundredweight Aug. 15, down from $122.84 Aug 8. The estimated […] Read more
Pulse exports look plentiful; India weather a concern
Pulse markets will be better supplied in 2022-23 despite lingering concerns in some key producing and consuming regions, says a major processor and exporter of the crop. Will Watchorn, global head of pulses at Viterra, is optimistic about a big rebound in exports. “Canada’s crop this year is looking average to above-average but the final […] Read more
WASDE put wheat up, but flat
The U.S. Department of Agriculture ratcheted up wheat production estimates for several countries in its August supply and demand report but 2022-23 world ending stocks remained unchanged. “They found more production but they also recognize that maybe demand is pretty strong as well,” said MarketsFarm analyst Bruce Burnett. The biggest adjustment was Russia’s new wheat […] Read more
China extends phosphate export restrictions
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
Research tackles flax market threat
EU has set limits on cadmium levels, prompting efforts in Saskatchewan to lower presence of naturally occurring metal
The Saskatchewan Flax Development Commission and Agriculture-Applied Research Management are searching for ways to lower cadmium levels in flax after the European Union set a cadmium limit of 0.5 mg/kg in flaxseed imports. Four research farm sites have been testing agronomic methods to find a solution. South East Research Farm in Redvers, Sask., is one […] Read more
