Markets
In a year when everything needs to go right to rebuild global food stocks, too many things are going wrong. Russia’s invasion of Ukraine is only one of a long list of factors that threaten the crops of 2022 around the world. The La Nina that we hoped would be dissipating by now has revived […] Read more
Markets
Chinese wheat better than expected
It turns out that the world’s biggest wheat producer is not having a disastrous year. In March, China’s minister of agriculture told reporters that heavy rainfall and flooding in the fall of 2021 delayed seeding of one-third of the country’s winter wheat. “Not long ago we went to the grassroots to do a survey and […] Read more
High oat prices might prompt increased acreage
More acres and an average crop may pose a threat to high prices, but the potential for delayed seeding remains a danger
Things have been looking good for oats — maybe too good. Old crop specials are still bringing farmers high prices and new crop prices are still great compared to longer-term averages. However, the crop’s price potential for both old and new crop may be limited, analysts say. “The soil moisture base in some of the […] Read more
CDN wheat exports drop, destination disparity
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
Decline in pea acres surprises analysts
Some thought producers would choose to plant more pulses because of the recent sharp increase in fertilizer prices
There was plenty of speculation leading up to Statistics Canada’s Principal Field Crop Areas report that farmers would plant more pulses due to sky-high fertilizer prices. But that wasn’t the case for one of the major pulse crops grown in Western Canada. Growers indicated they intend to plant 3.55 million acres of peas, a seven […] Read moreCanfax 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 steers rise The western Canadian fed steer price traded $2 per hundredweight higher last week, establishing […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was unavailable April 29. It was $79.15 April 22. U.S. hogs averaged $100.14 on a carcass basis April 29, up from $99.13 April 22. The U.S. pork cutout was $104.58 per hundredweight April 29, down from $111.28 April 22. The estimated U.S. weekly slaughter […] Read more
Nutrien bolsters profit forecast on surging fertilizer prices
May 2 (Reuters) – Nutrien Ltd on Monday raised its full-year earnings forecast well above estimates after posting a more than 10-fold jump in first-quarter profit, as the world’s largest fertilizer company benefits strongly from soaring prices of crop nutrients. Prices of essential crop nutrients such as potash and phosphate skyrocketed in the quarter, touching […] Read more
Wheat drops to three-week low as U.S. rains lift production prospects
SINGAPORE/PARIS, May 2 (Reuters) – Chicago wheat futures dropped to a three-week low on Monday, falling for a fourth session, as rains in key growing parts of the U.S. Plains provided much-needed relief to the crop. Corn and soybean prices eased with focus on U.S. planting. “The trigger for the fall seems to have been […] Read more
Chinese wheat better than expected
It turns out that the world’s biggest wheat producer is not having a disastrous year. In March, China’s minister of agriculture told reporters that heavy rainfall and flooding in the fall of 2021 delayed seeding of one-third of the country’s winter wheat. “Not long ago we went to the grassroots to do a survey and […] Read more
