Markets
BEIJING, Jan 20 (Reuters) – China’s soybean imports from the United States in 2021 rose from the previous year as it stepped up agricultural purchases under a trade deal agreed with Washington, while annual Brazilian shipments fell, customs data showed on Thursday. The world’s top soybean importer brought in 32.3 million tonnes of U.S. soybeans […] Read more
Markets
Canola prices hard to ignore: analyst
Growers should seriously consider selling old crop canola and locking up some new crop production at today’s values, says an analyst. Marlene Boersch, managing partner of Mercantile Consulting Venture, said $23.50 to $24 f.o.b. the farm for old crop canola and $17.50 to $18 for new crop are good values depending on location. “These are […] Read more
White-hot oat market expected to continue
Cash prices may soften soon, but average values should remain well above historical values for the foreseeable future
Markets for prairie oats have been on an incredible run since the beginning of the 2021-22 crop year, and there’s nothing to suggest the sky-high oat market is going to return to earth any time soon, according to independent market consultant Brennan Turner. Turner, who delivered an oat market outlook during SaskOats’ annual general meeting […] Read more
Warning sounded as soaring pea prices tighten lid on demand
International buyers are already finding alternative suppliers at prices that are lower than what is offered by Canada
The impact of sky-high Canadian pea prices on importers will soon be seen, says analyst Chuck Penner. “We’ve taken out a whole chunk of demand by having… prices that high,” said Penner in a presentation to Saskatchewan pulse growers during the Saskatchewan Crop Organizations 2022 conference. “There is a possibility we’ve taken out too much […] Read more
Beef industry faces challenges but consumers still buying
Canada’s beef producers can’t catch a break. The latest problem is beef import suspensions by China, South Korea and the Philippines sparked by the discovery of an atypical case of BSE found in Alberta. This setback is stacked upon problems related to the western Canadian drought, including forage shortages and high feedgrain prices. COVID-19 adds […] Read more
Farmers must prepare themselves for another world crisis
Will the freefall in the Turkish lira spark a global crisis? How about a Russian invasion of Ukraine? Or another clash between China and one of its neighbours or geopolitical rivals? What if the follow-up to the omicron version of COVID-19 is a variant equally transmissible but more lethal? There are all sorts of sparks […] Read more
Marketer in no rush to price new crop barley
Producers are advised to make sure they sell all of their current crop before thinking about marketing the next harvest
Growers might want to delay pricing their 2022 barley crop, says an analyst. “With corn pushing higher, we don’t think there’s a major rush on the new crop pricing,” Marlene Boersch, managing partner of Mercantile Consulting Venture, told farmers attending the Saskatchewan Crop Organizations 2022 conference. “We would like to see around $6.50 (per bushel) […] Read moreCanfax 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 prices drop Last week the western Canadian fed market saw prices decline by $6 to $7 […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts is $50.14 Jan. 14, was down from $51.03 Jan. 7. U.S. hogs averaged $63.84 on a carcass basis Jan. 14 down from $66.95 Jan. 7. The U.S. pork cutout was $89.70 per hundred weight Jan. 14, up from $85.90 Jan. 7. The estimated U.S. […] Read more
Trucker restrictions hit Manitoba hog industry
As soon as vaccine requirements were imposed on truckers crossing the border, shipments of Manitoba pigs and soymeal got cancelled. “We’re already hearing reports that shipments of weanlings have been cancelled because of a lack of trucks and drivers,” Cam Dahl, general manager of Manitoba Pork Council, said in an interview. “I’ve had reports of […] Read more
