Markets
Assessing the outlook for the coming year’s oilseed market at this early stage is never easy but right now, for every factor that would support prices in 2022, there is another factor that would weigh down the market. The extreme tightness of Canadian canola supply gives that crop independent strength, but producers can’t ignore the […] Read more
Markets
Grain marketplaces’ demise may be highly exaggerated
One of the great-for-farmers developments of the post-Canadian Wheat Board period in Western Canada has been the arising of online grain marketplaces. Platforms like Combyne (formerly FarmLead) and CXN360 have given farmers a chance to see a much wider and deeper array of bidders and prices for grain than before. Previously, the open market mostly […] Read more
Prof targets interprovincial trade barriers
A recent paper from the University of Manitoba says the main concern is with meat processing facilities and inspection
A University of Manitoba professor called for change in Canadian interprovincial trade in a paper after discussing how it affects the agriculture and agri-food sector. Jared Carlberg, an agribusiness professor at the U of M, said growing up on a farm in Saskatchewan interested him in this subject. “The paper was really designed to investigate […] Read more
Fund money returns to grain, oilseeds
Fund money is flowing back into the grain and oilseed sectors after a six-month exodus, and that should help keep prices propped up for a while, say analysts. “It’s starting to come back in very small doses,” said Darin Newsom, president of Darin Newsom Analysis Inc. A lot of investment money began exiting grain and […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was $50.90 Oct. 22, down from $52.69 Oct. 15. U.S. hogs averaged $65.63 on a carcass basis Oct. 22, down from $67.33 Oct. 15. The U.S. pork cutout was $98.27 per hundredweight Oct. 22, down from $101.32 Oct 15. The estimated U.S. weekly slaughter […] 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 The fed market took a step back last week after trending sideways for the […] Read more
Chinese expected to require less feed wheat
Feed wheat use will be down in China this year, but milling wheat demand should be robust, says an analyst. Corn prices in Shandong province, which is an animal feeding hub, have converged with wheat prices after a strange year where they were at a sizeable premium to wheat, according to a recent Reuters report. […] Read more
Brazilian crops safe from La Nina effect: analyst
La Nina led to a disastrous Brazilian corn crop this year but that won’t be the case in 2022, says an analyst. The U.S. National Oceanic and Atmospheric Administration says La Nina conditions have developed and there is an 87 percent chance they will remain in place in the December 2021 through February 2022 period. […] Read more
CME cattle futures rise on support from fewer cattle placements
CHICAGO, Oct 25 (Reuters) – Chicago Mercantile Exchange cattle futures rose on Monday, as the market continued to be bolstered by a government report showing fewer cattle placements than expected, traders said. The USDA’s monthly cattle on feed report, released after the market close on Friday, showed September cattle placements at 97 percent year-over-year, beneath […] Read more
Brazil soy sowing reaches almost 36 percent of area, driven by good weather
SAO PAULO, Oct 25 (Reuters) – Brazilian soybean farmers had planted an estimated 35.8 percent of their fields through Friday, according to agribusiness consultancy Safras & Mercado, which said good weather was helping growers sow their beans faster than last year. Brazil’s soybean production is estimated to grow by 2.5 percent to almost 141 million […] Read more
