Markets
The country’s crushing sector may be forced to import palm and soy oil as farmers sit tight and wait for higher prices
NIWAI, India (Reuters) — India has harvested a record rapeseed-mustard crop, but crushing could lose momentum in the coming months because many farmers are holding back from selling to oilseed processors in the hope prices will rally further. Slow farmer selling, coupled with falling supplies of sunflower oil from Ukraine, could force the world’s biggest […] Read more
Markets
Durum supplies not expected to be excessive
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 holds the 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
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. No spring price rally The spring price rally for the fed cattle market has been virtually non-existent […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was $76.52 April 15. It was unavailable April 8. U.S. hogs averaged $97.73 on a carcass basis April 8, but the price was unavailable for April 15. The U.S. pork cutout was $110.21 per hundredweight April 15, up from $103.16 April 8. The estimated […] Read more
Russian wheat prices rise with active exports
April 18 (Reuters) – Russian wheat export prices rose last week amid active supplies from the country’s Black Sea ports, some supplies from the Azov Sea and higher global prices for wheat in Chicago, analysts said on Monday. “Exports are active, but there are some signs of weakening,” Dmitry Rylko, the head of the IKAR […] Read more
Put options could be answer for delivery contract jitters
Analysts are encouraging farmers to consider put options for marketing this year’s canola crop. “For producers reluctant to forward contract before harvest, with last year’s drought in vivid memory, a put option is worth considering,” Neil Blue, provincial crops market analyst with Alberta Agriculture, said in a recent Agri-News article. It is a way to […] Read more
Ukrainian war expected to reduce barley supply
There is one crop that has been largely ignored when it comes to talking about the ramifications of the war in Ukraine. “The barley market is not getting the attention it deserves and I think it’s going to be very firm,” said Neil Townsend, analyst with FarmLink Marketing Solutions. “It’s not getting much play because […] Read more
Black Sea damage may be permanent
Importers could decide to find safer suppliers, while sanctions may have long-term effects on how prices are structured
The war in Ukraine could shift global wheat trade patterns for years to come, says an economist. Kenneth Scott Zuckerberg, lead grain economist with CoBank, said the war has been a big wake-up call to wheat-importing countries, especially those in the Middle East and North Africa (MENA) region. Their food security has been threatened by […] Read more
Hope remains for Ukrainian grain export season
Black Sea ports remain closed due to the war, but the country is finding ways to ship carryover crop by river and rail
Ukraine’s 2022-23 crop production is going to be reduced but with ample carryover, the country could have decent volumes to ship, says an analyst from the war-torn country. The Ukrainian government estimates farmers will plant 33.1 million acres of spring crops by April 1, which would be 8.4 million acres fewer than last year. But […] Read more
