Markets
Government plans to use quota system to limit amount of fertilizer shipped out of the country to control domestic prices
BEIJING, China (Reuters) — China is rolling out a quota system to limit exports of phosphates, a key fertilizer ingredient, in the second half of this year, analysts said, citing information from the country’s major phosphate producers. The quotas, set well below year-ago export levels, would expand China’s intervention in the market to keep a […] Read more
Markets
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 direct cattle sales saw limited buying interest last week, but average steer […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was not available July 15 or July 8. U.S. hogs averaged $117.99 on a carcass basis July 15, down from $118.72 July 8. The U.S. pork cutout was $122.18 per hundredweight July 15, up from $114.67 July 8. The estimated U.S. weekly slaughter to […] Read more
Canola may be looking at higher trading range
Analyst says it’s still not clear what the range will be, but the short-term floor is expected to be around $800 per tonne
The canola market is in the process of shifting to a new trading range, says MarketsFarm analyst Mike Jubinville. From the early 1990s to the early 2000s canola futures traded in the range of $250 to $500 per tonne. In the post-biofuel era it shifted higher to the $400 to $700 range. Jubinville believes the […] Read more
Gas export disruption will impact industry, food sector
We in Canada might think our natural gas prices are expensive, but they are cheap compared to much of the rest of the world. Energy trade restrictions that supporters of Ukraine levied against Russia are causing a massive shakeup in natural gas trade, causing prices in Europe and Asia to soar. North American prices are […] Read more
Soy crush boom to hit feedgrain prices
Feedgrain prices are set to fall in the coming years as soybean crush capacity soars in the United States, says an analyst. Annual crush capacity is expected to grow by 800 million bushels as grain companies capitalize on new policies like California’s Low Carbon Fuel Standard that are promoting the use of soybean-based renewable diesel. […] Read more
Indonesian palm oil exports drive down veg oil prices
Indonesia’s palm oil policies are having a “profound impact” on world vegetable oil prices, according to the U.S. Department of Agriculture. The country recently repealed its export ban on the commodity and implemented the Export Acceleration Program. It is making more palm oil available on the world market by reducing obligations to supply the domestic […] Read more
Farmers plant more wheat than expected
WINNIPEG (Reuters) — Canadian farmers planted the most wheat this spring in nine years as bottlenecks in global supplies drove up prices of grain and food, a government report shows. Farmers seeded more spring wheat and canola than they intended in spring, according to Statistics Canada, but wet conditions raise doubts about how much land […] Read more
Ethanol demand survives skyrocketing gasoline prices
U.S. gasoline prices have increased 53 percent since last year but ethanol use has only decreased three percent
Stratospheric gasoline prices don’t appear to be having a huge impact on ethanol demand, which is a good thing for grain prices, says an analyst. Regular gasoline prices averaged US$4.77 per gallon in the United States on July 4, according to the U.S. Energy Information Administration. That is up 53 percent over the same time […] Read more
Chinese canola plans still not at previous level
Country expected to increase purchases to 2.7 million tonnes from 1.9 million, a far cry from the four million it used to buy
China’s canola imports are expected to surge in 2022-23, according to the U.S. Department of Agriculture. It is forecasting that the Asian giant will purchase 2.7 million tonnes of the oilseed, up from 1.9 million tonnes in 2021-22. But that is still a far cry from the more than four million tonnes the country used […] Read more
