Markets
The Hudson Bay Railway will receive $133 million in new funding to upgrade and maintain the rail line that runs from The Pas, Man., to Churchill, Man. The federal government will provide $60 million, on top of is existing support, and the Manitoba government is contributing $73.8 million to the project. The two levels of […] Read more
Markets
N.D. wheat crop prepares for rebound
Prospects look good but disease damage threatens to become a significant problem, similar to concerns in Manitoba
North Dakota has a bumper crop of spring wheat on the way, according to the co-ordinator of an extensive three-day tour of the state’s wheat fields. “It looks like a pretty late-planted crop that has really got great potential,” said Dave Green, executive vice-president of the Wheat Quality Council. The group is forecasting a record […] Read more
Ukrainian farmers struggle as war continues
Producers desperately need exports to resume as they run out of money; some suggest 50 percent could go bankrupt
A tenuous agreement allowing some of Ukraine’s Black Sea ports to start shipping grain could be a lifeline for the country’s farmers. The war caused shipping costs to soar to US$160 to $180 per tonne from pre-war levels of $35 to $40 per tonne, said Mykola Gorbachov, president of the Ukrainian Grain Association. Farmers are […] Read more
Hot August weather forecast threatens U.S. soybeans
A forecast calling for a hot and dry August in the western portion of the U.S. Midwest is putting one major crop in jeopardy. “The soybean crop is at risk, in my opinion,” said Drew Lerner, president of World Weather Inc. “I am concerned about the soybean production number for this year.” U.S. corn and […] Read more
Flax prices slide amid favourable growing conditions
One of the most expensive crops grown on the Prairies is losing value. While flaxseed prices in Western Canada are still at or above last year’s prices, they have come down by at least 15 percent since last month. The high-delivered bid for flax in Saskatchewan last week was $28 per bushel, down $5, or […] Read more
What’s more painful to insure: a bad or expensive crop?
What’s a worse dilemma? To invest more in a damaged crop that already might make a loss, or to invest even more in a crop that is already the most expensive in history and might not return what you hope? Plenty of prairie farmers have faced these situations in the past few years, with many […] Read more
Lloyd’s insurers prepare to cover Ukrainian grain
Company says it is putting together a plan to cover shipments now that a deal has been reached to resume exports
LONDON, U.K. (Reuters) — Lloyd’s of London insurers and brokers are preparing to provide cover for grain shipments from Ukraine and are likely to announce their plans shortly, the commercial insurance market’s chairman said July 27. Russia and Ukraine signed a deal, brokered by Turkey and the United Nations, to reopen grain and fertilizer exports […] Read more
Nutrien beats profit estimates, lowers full-year forecast
Aug 3 (Reuters) – Canada’s Nutrien Ltd. beat second-quarter profit estimates on Wednesday, fueled by soaring prices of crop nutrients which more than offset higher natural gas costs and lower sales volumes. However, the world’s largest fertilizer producer lowered its full-year adjusted profit forecast as it expects higher natural gas costs to hurt its nitrogen […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts July 29 was not available. U.S. hogs averaged $117.08 on a carcass basis July 29, down from $117.19 July 25. The U.S. pork cutout was $127.34 per hundredweight July 29, down from $127.82 July25. The estimated U.S. weekly slaughter to July 29 was 2.282 […] 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 steer price rises Alberta fed steers were up 65 cents per hundredweight and heifers were up […] Read more
