Markets
The bull market for Canadian canola will eventually reach its peak but there may be room for record prices to go even higher, says an ag commodity market analyst with MarketsFarm. In a March 17 webinar, Mike Jubinville said underlying market factors continue to support prices for Canadian canola, despite record values. “I think it’s […] Read more
Markets
China warns of serious wheat setback
Analysts find it puzzling the Chinese government would announce ‘crop conditions this year could be the worst in history’
Amid market turmoil caused by Russia’s invasion of Ukraine, the world’s biggest wheat producer just announced it may be harvesting its worst crop in history. Tang Renjian, China’s minister of agriculture and rural affairs, recently told reporters that heavy rainfall and flooding in fall 2021 delayed the seeding of about one-third of the country’s winter […] Read more
War introduces uncertainties to pea market
Russia is expected to produce the world’s second largest pea crop this year, but it’s unclear if it will be able to find buyers
The world’s second largest pea producer is waging a war that could damage its ability to export the product. Russia is forecast to produce 2.63 million tonnes of the pulse crop in 2022, second only to Canada’s 3.49 million tonnes, according to Stat Publishing. That would be a big rebound for both countries after harvesting […] Read more
Durum supply may be larger than estimates
An analyst argues that strong export numbers don’t match what Agriculture Canada is saying about stocks of the crop
A grain industry analyst thinks Agriculture Canada has underestimated Canada’s durum supply. Cliff Jamieson, Canadian grains analyst with DTN, wrote an article recently suggesting that the supply and demand numbers don’t add up. Agriculture Canada forecasts 2.35 million tonnes of exports for the 2021-22 crop. Jamieson noted that current licensed exports plus stocks in commercial […] Read more
Wetter spring expected for Prairies could help wheat crop
Same weather system likely to bring rain to Canada could also exacerbate drought in U.S. hard red winter wheat region
La Nina is hanging around longer than anticipated, and that is good news for western Canadian grain farmers. It will likely force the North American storm track further north, causing spring storms to be routed through British Columbia rather than northern California, said David Streit, chief operating officer of Commodity Weather Group. “With that storm […] Read more
How to manage high crop prices and higher interest rates
With any luck, farmers will be blessed with average weather and normal field conditions this year. If prices and demand hold up, farmers don’t need more than an average crop to reap a great return. If farmers are so blessed, they’ll have some pleasant but tough decisions about where to put their profits. For those […] Read more
Fight against inflation must avoid accidental recession
The struggle against inflation is much more complex now because of Russia’s war on Ukraine, and central banks and governments will need a deft hand on the controls to avoid pushing world economies into recession. Before the invasion, central banks in the United States, Canada, the European Union and other western countries were ending their […] Read more
Ukraine’s canola crop in doubt
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
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was unavailable March 11. It was $74.92 March 4. U.S. hogs averaged $101.57 on a carcass basis March 11, up from $97.41 March 4. The U.S. pork cutout was $102.55 per hundred eight March 11, down from $103.99 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. Packers have plenty In spring, leverage usually begins to shift from the packer to the cattle feeder, […] Read more
