Low protein levels in the U.S. hard winter wheat crop are expected to increase demand for Canadian spring wheat
It looks like another year of low protein for the United States hard red winter wheat crop, which should stimulate demand for spring wheat, say analysts. U.S. Wheat Associates is reporting average protein levels of 11.2 percent after reviewing one-quarter of the anticipated samples for the 2020 HRW crop. That is slightly below last year’s […] Read moreMarkets — page 327
Consider these books if looking for a good summer read
Do you remember the “flash crash” of May 6, 2010? If you’re a markets nerd like me, you do. It was an epic phenomenon that shocked markets with its speed and violence. I remember hearing about it live on Bloomberg radio, jumping onto the Chicago Mercantile Exchange website, and watching hundreds of billions of dollars […] Read more
Hopes for Chinese corn imports questioned
One analyst reports the country’s reserves are almost depleted, but others argue these expectations never materialize
Potentially explosive corn market news out of China needs to be taken with a grain of salt, say industry analysts. Dim Sums, a web blog that provides analysis on China’s agriculture markets, is reporting that China has reached a tipping point where its corn reserves are going to be depleted in 2020. That would mean […] Read more
Canadian ag exports benefit from COVID disruptions
May was an excellent month for Canadian agricultural exports. COVID-19 hammered the economy in Canada and around the world, upending many supply chains and hurting much but also creating opportunities. For example, Canadian exports of pork, beef and poultry reached a little more than $800 million, marking a one month record that was almost 19 […] Read more
Production problems boost durum demand
Morocco is expected to import six million tonnes of wheat and durum in 2020-21, up from 3.7 million tonnes in 2018-19
North America’s durum crop is getting bigger but so is international demand for the commodity. The U.S. Department of Agriculture is forecasting 1.5 million acres of U.S. durum, up from its March estimate of 1.29 million acres. Statistics Canada’s June estimate is 5.69 million acres of Canadian durum, up from its March planting intentions forecast […] Read more
End of container shortage relieves exporters
Thirty percent of Canada’s pulses ship by container, and one-third of that business was lost for a couple of months
Containerized shipments of pulses and other agricultural products are back on track after a temporary derailment this spring. “From a port perspective, the container availability has improved dramatically,” said Stephen Paul, vice-president of supply chain logistics with Ray-Mont Logistics. Companies that were “scrounging” for the metal boxes in March and April now have an ample […] Read moreRain-induced disease threatens Ukrainian wheat quality
Ukraine is poised to harvest a smaller and poorer quality wheat crop than last year, according to a Ukrainian agriculture consultancy firm. UkrAgroConsult is forecasting 25.9 million tonnes of production, down from 29.1 million tonnes last year. Grain harvested from the far south will be shriveled but the protein content is expected to be higher […] Read more
New G3 facilities expected to boost grain-handling speed
Canadian grain export company G3 has added two more pieces to its state-of-the-art grain handling network in Western Canada. The company recently announced the official opening of two new high-throughput elevators in Alberta. G3 Morinville, north of Edmonton, and G3 Carmangay, about 150 kilometres south of Calgary, will feature the same high-efficiency infrastructure as G3’s […] 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. The average price for both fed steers and heifers rose last week while feedlots continue in the […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was $24.03 July 6, down from $25.21 June 26. U.S. hogs averaged $28.91 on a carcass basis July 6, up from $28.48 June 26. The U.S. pork cutout was $64.34 per cwt. July 6, down from $65.95 June 19. The estimated U.S. weekly slaughter […] Read more
