Markets
Country expected to harvest 2.73 million tonnes of rapeseed/canola, which is only slightly below the five-year average
Ukrainian president Volodymyr Zelensky recently warned that the country could harvest half of a normal crop this year because of the Russian invasion. However, there is one notable exception, and it is a crop that competes head to head in international markets with Canada’s top money-maker. APK-Inform is forecasting that Ukraine will harvest 2.73 million […] Read more
Markets
Supply expected to meet malt barley demand
Maltsters are ready to start building inventory again as brewers feel more comfortable about the future of beer sales
This might be the year when the malt barley industry returns to a semblance of normalcy, says an industry official. “There should be good demand off the combine because the pipeline is empty,” said Kevin Sich, supply chain director with Rahr Malting Co. Demand has been “beat up” the past couple of years with COVID […] Read more
Farmers, wheat market have evolved since CWB demise
Y2K was expected to be a disaster, turning the new millennium into a digital nightmare. It wasn’t and we moved on. Legalizing cannabis was feared by many to let loose the dogs of dope. After a few years, it looks like that too was no big deal and we’ve moved on to worry about other […] Read more
Argentine farmers withhold corn, soybeans
Rising interest rates and inflation in the country are blamed for producers’ reluctance to sell their crops this summer
Just as grain starts flowing out of Ukraine’s ports comes the news that another major exporter is curtailing shipments halfway around the world. A ship loaded with 26,000 tonnes of Ukrainian corn left the Port of Odesa on Aug. 1, destined for Lebanon. It was the first shipment to leave the country under a new […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts Aug. 8 was US$ 122.84. U.S. hogs averaged $124.06 on a carcass basis Aug. 8, down from $117.08 July 29. The U.S. pork cutout was $122.84 per hundredweight Aug. 08, down from $127.82 Aug 4. The estimated U.S. weekly slaughter to July 29 was […] 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. No summer doldrums The summer market is often referred to as the summer doldrums or the dog […] Read more
Tight supplies prompt bullish prediction
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
Wheat and corn fall as more grain ships leave Ukraine
HAMBURG, Aug 8 (Reuters) – Chicago wheat and corn prices fell on Monday after reports of more ships sailing from Ukraine to bring grain exports into global markets. Welcome rain and lower temperatures forecast in the U.S. Midwest also weakened corn and soybeans. The Chicago Board of Trade’s most active wheat contract Wv1 fell 1.4 […] Read more
Supply expected to meet pent-up malt barley demand
This might be the year when the malt barley industry returns to a semblance of normalcy, says an industry official. “There should be good demand off the combine because the pipeline is empty,” said Kevin Sich, supply chain director with Rahr Malting Co. Demand has been “beat up” the past couple of years with COVID […] Read more
Near average Ukrainian canola crop expected
Ukrainian president Volodymyr Zelensky recently warned that the country could harvest half of a normal crop this year because of the Russian invasion. However, there is one notable exception, and it is a crop that competes head-to-head in international markets with Canada’s top money-maker. APK-Inform is forecasting that Ukraine will harvest 2.73 million tonnes of […] Read more
