Markets
South American rain captured market headlines recently, but oilseed futures barely wavered and soon climbed again on signs of tight global supplies. Geopolitical factors also supported crop markets, with the rising tensions over Russia’s threats to Ukraine keeping traders on alert. Crop market trading this month has also taken place in the context of what […] Read more
Markets
Effects of drought to linger for forage growers
Lower yields are likely to continue this year because many crops didn’t get a chance to establish due to dry conditions
The effects of this year’s drought won’t be fully felt by members of the Saskatchewan Forage Seed Development Commission until the next fiscal year, the group recently heard. But there are reasons to be hopeful of the state of the industry. “All of us in the business of farming know it was a tough year,” […] Read more
China expected to remain major grain buyer
China doubled its grain purchases in 2021, helping spur the bull run in grain markets, but what’s in store for this year? Dan Basse, president of AgResource Company, thinks more of the same. China imported a record 65 million tonnes of grain last year, according to customs data published by the Dim Sums blog. That […] 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. Sluggish fed trade Alberta direct cattle trade was sluggish last week. Strong wholesale demand and supply chain […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts wasn’t available Jan. 21. It was $50.14 Jan. 14. U.S. hogs averaged $62.69 on a carcass basis Jan. 21, down from $63.84 Jan. 14. The U.S. pork cutout was $93.29 per hundredweight Jan. 21, up from $89.70 Jan. 14. The estimated U.S. weekly slaughter […] Read more
Wheat jumpy as Black Sea war looms
Wheat prices could explode if the Russia-Ukraine standoff evolves into war, says an analyst. “If some kind of conflict starts, we’re telling clients we don’t know how high wheat would have to go,” said Dan Basse, president of AgResource Company. His contacts in the grain industry tell him the United States government is mulling over […] Read more
Viterra to buy Gavilon grain business
TOKYO, Japan (Reuters) — Japanese trading house Marubeni Corp. will sell the grain business of its U.S. unit Gavilon to commodities trader Glencore’s Viterra arm for US$1.125 billion, as well as working capital. Marubeni said it expected to gain $2.6 to $3.5 billion, including loans to Gavilon, through the deal, which is due to be […] Read more
China to allow gene-edited crops in push for food security
BEIJING, Jan 25 (Reuters) – China has published trial rules for the approval of gene-edited plants, paving the way for faster improvements to crops as it seeks to bolster its food security. Gene editing – or altering the genes of a plant to change or improve its performance – is viewed by some scientists as […] Read more
ADM profit up nearly 14 percent on strong biofuel demand and ethanol margins
Jan 25 (Reuters) – Global grain trader Archer-Daniels-Midland Co reported a jump of nearly 14 percent in fourth-quarter earnings on Tuesday as rising biofuel demand and strong ethanol margins helped to boost operating profit at its carbohydrate solutions division. High energy and grain costs, however, clipped earnings at the corn-processing unit, as well as its […] Read more
U.S. increases dry bean exports
Demand for American dry beans is exceptionally strong despite the small crop, says an industry official. Growers in the United States harvested 1.03 million tonnes of beans last year, down 30 percent from the previous year. Mexico is the biggest market for U.S. beans and they were very active buyers in 2020-21 due to a […] Read more
