Markets
Australia picks up the slack in the two Asian countries, while Canadian exports to Japan and the United States remain strong
Certain wheat importers have been hit hard by Canada’s short crop in 2021-22, while others haven’t experienced any disruption in supplies. Canadian farmers harvested 19 million tonnes of non-durum wheat last fall, a 34 percent drop from the previous year. That meant some customers were going to be out of luck. China and Indonesia are […] Read more
Markets
Trade infrastructure needs priority in spending agenda
It is disappointing to learn that Canadian grain shippers still have major concerns about railway service. The shippers’ criticism might seem harsh considering that the railways had to recover from massive infrastructure damage from catastrophic flooding in British Columbia last fall. But it is important to note these problems and others like them as the […] Read more
Better railway system being built amid current problems
Sure enough, as soon as the pandemic pressure has somewhat eased, we’re back to arguing about slow rail service. The present situation arises from a recent big shortfall in grain cars delivered by major railways to prairie elevators. The Western Grain Elevator Association asked the Canadian Transportation Agency to investigate the railways for their service […] Read more
Dry weather could cause damage to French crops
France has received 30 percent less than the average precipitation this year, which could cause irreversible damage
PARIS, France (Reuters) — Dry, hot weather in France in the coming 10 days after several months of little rainfall will cause irreversible damage to grain crops in the European Union’s largest grains producer, a technical institute said May 5, adding to worries about tight global supplies. European wheat markets have rallied in recent days […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts was $80.12 May 6. It was unavailable April 29. U.S. hogs averaged $101.98 on a carcass basis May 6, up from $100.14 April 29. The U.S. pork cutout was $104.70 per hundredweight May 6, up from $104.58 April 29. The estimated U.S. weekly slaughter […] 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. Steers set record high There was good demand on last week’s large cash offering, and prices trended […] Read more
No relief seen for high fertilizer prices
Nitrogen fertilizer prices will remain well supported for the rest of this year and beyond, according to a major manufacturer and retailer of the product. Raef Sully, executive vice-president of Nutrien, said global supply of ammonia, urea and UAN are all tight. “I think we’ll see continued solid pricing through the rest of the year […] Read more
Wheat under pressure as U.S. crop conditions improve; soybeans firm
SINGAPORE, May 10 (Reuters) – Chicago wheat futures were little changed on Tuesday with improved ratings of the U.S. winter crop keeping a lid on prices, while soybeans and corn ticked higher. “An improvement in U.S. weather is going to take out the weather risk premium which has been built into the market,” said one […] Read more
War exports short with “a long tail”
Some analysts have suggested Ukraine’s grain exports would resume in a hurry if there was a ceasefire. But that is not the assessment of the head of one of the world’s largest grain companies, which has significant assets in the country. Bunge Limited’s chief executive officer Greg Heckman mentioned during a conference call on the […] Read more
Lentil acres leave peas in the dust
Lentils have overtaken peas as Canada’s top pulse crop. High lentil prices, low pea yields and poor pea seed quality due to drought are seen as reasons for lentils’ rising popularity. Growers told Statistics Canada they intend to plant 4.49 million acres of lentils this year compared to 3.55 million acres of peas. Lentil acres […] Read more
