Markets
Most of the agricultural news surrounding the war in Ukraine revolves around wheat and corn, but another important crop could also be affected. Ukraine is the world’s third largest exporter of canola behind Canada and Australia. War has placed the country’s 2022 crop in jeopardy despite it being seeded in the winter before the outbreak […] Read more
Markets
Exchange rates and weather forecasts worth watching
I’ll look at two topics this week, starting with an assessment of the Canada-U.S. dollar exchange rate, which is running lower than you’d expect when crude oil’s value is more than US$100 per barrel. Then I’ll pivot to my concern about this summer’s growing conditions in Canada and the United States, given weather models that […] Read more
Just-in-time delivery system faces new resiliency challenge
Another rail disruption has given farmers yet more reason to worry about agriculture’s vulnerability to supply chain breakdowns. We were already worried about access to fertilizer, farm chemicals, livestock feed and other crucial inputs this spring. That was before: “Trucker” protests blocked border crossings. Russia invaded Ukraine. China began losing control of COVID and locking […] Read more
Pulse sector welcomes trade talks with India
India will also consider allowing unfumigated Canadian pulses without penalty until a more permanent solution is found
Canada and India have formally relaunched trade negotiations that could lead to increased Canadian pulse exports to the country. Federal international trade minister Mary Ng met with her Indian counterpart, Shri Piyush Goyal, in New Delhi March 11 to discuss economic relationships between the two countries. In addition to highlighting existing trade relationships, the ministers […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts was $81.91 March 18. It was unavailable for March 11. U.S. hogs averaged $103.70 on a carcass basis March 18, up from $101.57 March 11. The U.S. pork cutout was $104.95 per hundredweight March 18, up from $102.55 March 4. 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. Rail disruption affects markets The labour disruption at Canadian Pacific Railway could have immediate and wide-ranging supply […] Read more
Lentil demand lacklustre; international factors in play
Chuck Penner thought lentil prices might be heading for the stratosphere at the start of the 2021-22 crop year. He wondered if growers might see red lentil prices of 50 or 60 cents per pound and large green lentils in the 70- to 80-cent range. But demand hasn’t been as ravenous as first anticipated. Exports […] Read more
Soybeans rise on strong demand; wheat and corn also up
SINGAPORE/PARIS, March 23 (Reuters) – Chicago soybean futures rose for a third consecutive session on Wednesday, with signs of strong export demand for U.S. cargoes supporting prices, even as the South American harvest peaked. Wheat also rose and corn edged higher on continued concerns over the impact of a prolonged Russia-Ukraine conflict on global supplies. […] Read more
Peas could see quick but temporary bull market: analyst
Yellow peas might have one last bull run before prices tail off in May, says an analyst. “I think there’s another opportunity yet this year to do some yellow pea pricing,” Chuck Penner, analyst with LeftField Commodity Research, recently told producers during the 2022 Winter Pulse Meeting hosted by Saskatchewan Pulse Growers. The main reason […] Read more
CP Rail strike to add to commodities supply shock sparked by Ukraine war
TORONTO, March 21 (Reuters) – A labor dispute that shut down operations at Canadian Pacific Railway Ltd. on Sunday is set to aggravate a shortage of commodities sparked by Russia’s invasion of Ukraine, and a prolonged lockdown could hurt farmers ahead of the spring planting season. CP, Canada’s No. 2 railroad, halted operations after talks […] Read more
