Markets
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 more
Markets
Durum supply not worrying
There is very little risk of farmers around the world over-producing durum in 2022-23, and that should keep prices firm, says an analyst. LeftField Commodity Research analyst Jonathon Driedger is forecasting 16 million tonnes of production by the key exporters of the crop — the European Union, Canada, the United States and Mexico. That would […] Read more
Corn key to feedgrain prices
The U.S. corn market will once again be the driving force for Canadian feedgrain prices in 2022-23, says an analyst. World corn supplies were already tight this winter and then Russia invaded Ukraine and the U.S. Department of Agriculture issued a report calling for reduced corn acres. That has set the stage for a “possibly […] Read more
EU, Russian farmers expect big wheat harvest
Crops look like they are in good shape in both jurisdictions, particularly in Russia where a bumper harvest is in the cards
The world’s top two wheat exporters will likely have more crop to ship in 2022-23, says an analyst. The European Commission forecasts that the European Union will export a record 40 million tonnes of wheat next crop year. Bilal Muftuoglu, analyst with Argus Media, said the previous record was 36 million tonnes, so that would […] Read more
Effects of Indonesia’s palm oil export ban still uncertain
Market traders sort out what percentage of exports will be affected by the ban as well as how long it will be in place
A tight vegetable oil market just got a whole lot tighter but it may not have much impact on already sky-high canola prices, says an analyst. Indonesia has banned the export of certain types of palm oil effective April 28. Traders were initially stunned that a country responsible for 56 percent of world palm oil […] Read more
War in Ukraine turns predictions for 2022 on their ear
Most years just before New Year’s Day I do a story laying out the main predictions that market prognosticators are making about the coming year. This year I didn’t, mostly due to those predictions being subjects that we had already covered and which were continuations of trends already well discussed: inflation risks, tight crop supplies, […] Read more
China’s crop shortfalls a bigger problem than its stockpiles
China hates it when analysts and food commentators accuse it of grain hoarding or allege its enormous grain stockpiles add to food inflation. I agree. If China drives up food costs it’s because of its production shortfalls, not hoarding. Russia’s war on Ukraine has upended Black Sea grain exports, adding to soaring prices and raising […] Read more
COVID-19 lockdowns could delay Chinese corn
Country has restricted movement to slow spread of the virus, making it difficult for farmers to return from their city jobs
BEIJING, China (Reuters) — Corn planting in one of China’s major producing areas could be delayed as many of the region’s millions of farmers struggle to return home from temporary city jobs because of strict coronavirus lockdowns. Any delay to planting could hit output in the world’s No. 2 corn producer, where corn prices are […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts was $79.15 April 22, up from $76.52 April 15. U.S. hogs averaged $99.13 on a carcass basis April 22. The price was unavailable April 15. The U.S. pork cutout was $111.28 per hundredweight April 22, up from $110.21 April 15. The estimated U.S. weekly […] 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 steers move higher A large mix of fed calves and yearlings were on offer last week, […] Read more
