Markets
Pulse sector welcomes government interest in stabilizing duty levels but says it’s not the first time this has been promised
The Indian government is developing a long-term policy to enhance domestic pulse production, says an analyst from that country. If it works, the policy would reduce India’s reliance on imports but could also provide some perks for Canadian exporters and Indian importers of peas and lentils. “The new policy aims to stabilize the level of […] Read more
Markets
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was $82.39 March 25, up from $81.91 March 18. U.S. hogs averaged $108.84 on a carcass basis March 25, up from $103.70 March 18. The U.S. pork cutout was $109.90 per hundredweight March 25, up from $104.95 March 18. 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. Fed market sluggish The fed market saw some disruption last week from the short-lived Canadian Pacific Railway […] Read more
Losses reported in Chinese hog sector
China’s hog producers are losing record amounts of money and are cutting back on soybean meal and corn, according to a news report. Farmers are losing an average of US$75 on every hog they slaughter, which is the worst loss on record, says a Reuters story. That compares to an average profit of $157 per […] Read more
Wheat tumbles as Ukraine-Russia talks boost ceasefire hopes
PARIS/BEIJING, March 29 (Reuters) – Chicago wheat dropped by more than 7 percent on Tuesday as comments by Russia and Ukraine following negotiations in Turkey raised hopes of a ceasefire in a conflict that has disrupted massive grain exports through the Black Sea region. Corn also fell sharply while soybeans turned lower, pressured by a […] Read more
Tight supplies to keep wheat prices high
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
Soy imports called tough habit to break for China
China is trying to wean itself off of its reliance on imported soybeans but that is wishful thinking, according to an analyst. The country spent US$53.6 billion on foreign soybeans in 2021, up 26 percent from the previous year, according to the Dim Sums Blog. The only commodities it spent more on were petroleum, iron […] Read more
Ukrainian farmers short on spring seeding inputs
Ukraine’s farmers do not have the inputs they need to plant their spring crops, says a senior government official. Taras Dzoba, deputy minister of agrarian policy and food, said the government recently surveyed about 2,500 Ukrainian farmers representing eight million acres of farmland about how things look heading into spring planting. The results show that […] Read more
Speculators shake up wheat market
A rule change at the Chicago Mercantile Exchange may have increased volatility by encouraging more speculative money
Recent rule changes at the Chicago Mercantile Exchange are partially responsible for the frothy wheat market, says an analyst. The CME implemented new rules last year allowing the all-months-combined speculative position limit for wheat to increase to 19,300 contracts from the former 12,000. That effectively increased the influence of speculative investors on the price of […] Read more
Russian grain exports boom despite invasion
A Black Sea market research firm almost doubles forecast for March wheat shipments despite North American pessimism
Russia is shipping wheat like gangbusters despite many reports to the contrary. North American grain analysts indicate Russia’s exports have essentially been shut down by the war in Ukraine. They say shipping lines are no longer servicing Russian ports and insurance costs have climbed so high that it is not economically feasible for the world’s […] Read more
