Markets
Wheat markets are in for a rude awakening when the hostilities in Ukraine come to an end, according to a Black Sea grain analyst. “When there is a ceasefire I think the reversal will be quite substantial,” SovEcon managing director Andrey Sizov said in a recent webinar. He believes world wheat prices should be around […] Read more
Markets
Farmers could teach other Canadians about facing risk
Hog farmers face high feedgrain prices, multiple animal disease threats, increasing restrictions on how they operate and a public that sometimes treats them with hostility. Grain farmers face high fertilizer prices, dry soils, higher machinery costs and rising interest rates. Yet both sets of farmers, at least the ones I interact with, are overwhelmingly optimistic […] Read more
Endless reviews worsen Canada’s lagging productivity
Canada’s governments must re-examine their approaches to development if this country is to capitalize on the global economic transformation emerging from the pandemic, the shift to a greener economy and geopolitics. The shortcomings of globalism, just in time delivery, long supply chains and offshore manufacturing have been revealed. Don’t get me wrong. Free trade and […] Read more
All eyes trained on U.S. corn crop this season
An analyst says yields that don’t reach at least record levels will tighten ending stocks and raise prices across the board
There is a dizzying array of market factors that could influence crop prices in the upcoming crop year, but Neil Townsend likes to make things simple. “You can boil 2022-23 down to one variable and that’s U.S. corn yield,” said the FarmLink Marketing Solutions analyst. U.S. farmers have indicated they intend to plant 89.5 million […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts was not available April 8. It was $80.04 April 1. U.S. hogs averaged $97.73 on a carcass basis April 8, down from $100.87 April 1. The U.S. pork cutout was $103.16 per hundredweight April 8, down from $103.60 April 1. 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 market steady Continued large harvests and improved beef buying interest were supportive last week, but ample […] Read more
China floats ‘kooky’ wheat trade idea
A business publication controlled by the Chinese Communist Party is suggesting that China should wean itself off of Canadian wheat in favour of Russian wheat. Yicai reported on a study by China Agriculture University stating that, while Canada has low wheat prices and good quality, importing Canadian wheat poses a high risk because “Canada’s affairs […] Read more
Wheat, corn firm as war in Ukraine drags on
HAMBURG, April 11 (Reuters) – Chicago wheat touched two-week highs on Monday on concern that fighting in Ukraine will continue to disrupt Black Sea region exports. The U.S. Department of Agriculture (USDA) on Friday cut its forecast of global wheat stocks to a five-year low as fighting between Ukraine and Russia disrupts shipments from the […] Read more
Wheat acres have little room to grow
Ability to respond quickly to war shortages expected to be limited because most of world’s crop has already been planted
High wheat prices will stick around in 2022-23 due to a lack of supply-side response, says an analyst. “It just doesn’t appear right now that we’re going to be growing our way out of this high-priced environment in the short-term,” said Will Osnato, senior research analyst with Gro Intelligence. That is because three-quarters of the […] Read more
Wheat production continues to lose out in battle for acres
U.S. farmers are expected to plant only one percent more wheat this year, despite tightening supply and booming prices
There is one sentence in the 2022 U.S. Prospective Plantings report that stood out for MarketsFarm analyst Bruce Burnett. It was a comment related to the expectation that growers will plant 47.4 million acres of wheat, a one percent increase over 2021 area. “If realized, this represents the fifth lowest all wheat planted area since […] Read more
