Markets
The best fighter for farmer fairness since Teddy Roosevelt. Doesn’t that sound great? That’s one thing U.S. President Joe Biden got called last week as he led a White House roundtable attacking corporate concentration among U.S. meatpackers, whom he accused of the “exploitation” of farmers. It was a chance for Biden to point the finger […] Read more
Markets
Argentina’s soybean crop at a crossroads
Topsoil and subsoil moisture has been severely depleted in most of the country because of extreme hot and dry weather
Argentina’s soybean crop is stressed and amid a stretch of extreme hot and dry weather. “We’re at a very important crossroads right now,” said Drew Lerner, president of World Weather Inc. There is no rain in the forecast until Jan. 17 and daytime highs will remain in the 34 to 43 C range until then. […] Read more
Inflation sparks land interest
Looking for a stable Canadian investment that has a history of outperforming inflation? Look no further than western Canadian farmland. That’s the message from Veripath Farmland Partners LP, a Calgary-based farmland partnership that owns about 90,000 acres of productive farmland in Canada’s three prairie provinces, primarily Saskatchewan. “Farmland has very interesting characteristics but there’s not […] 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. COVID affects packers The Alberta fed market saw moderate trade last week on limited buying interest. Packers […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts is $49.80 Dec. 17, was down from $51.59 Dec 10. U.S. hogs averaged $59.41 on a carcass basis Dec. 17 up from $57.69 Dec. 10. The U.S. pork cutout was $85.82 per hundred weight Dec. 17, down from $86.19 Dec. 10. The estimated U.S. […] Read more
China to produce 40 percent more soybeans by 2025 in self-sufficiency drive
BEIJING, Jan 13 (Reuters) – China said it would raise domestic soybean output sharply in the next four years, in a drive to boost self sufficiency in supply of the oilseed, according to an official document released on Thursday. The country has set a goal to produce about 23 million tonnes of soybeans by end […] Read more
U.S. corn imports affect barley price
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 more
Good value available on old, new crop canola: 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
ICE canola futures dip on pressure from stronger Canadian dollar
WINNIPEG, Manitoba, Jan 11 (Reuters) – ICE canola futures dipped on Tuesday for a second straight day, pressured by a stronger Canadian dollar. March canola lost $2.50 to $1,028.10 per tonne. March-May canola spread traded 1,949 times. U.S. soybean futures edged higher ahead of Wednesday’s key U.S. Department of Agriculture reports, which will include updated […] Read more
Farmers shouldn’t expect major spring wheat rally
Growers who are holding their breath for US$24 spring wheat futures need to exhale, says an analyst. “Not a chance,” said Chuck Penner, owner of LeftField Commodity Research. That is the level that futures values achieved in 2007-08 but the circumstances were far different back then. The Canadian Wheat Board was a major player at […] Read more
