Markets — page 338
Canfax report
WP livestock report

CBOT soybeans/corn stuck waiting on trade news

CN, union reach deal to end strike

Strong feed barley exports lift price
The new CPTPP trade deal and production troubles in Australia help prices in Western Canada buck a global trend
Feed barley prices are holding up nicely in Western Canada despite a global glut of the crop, say industry officials. Prices in southern Alberta are about $200 per tonne. That is down from the summer peak of $290 per tonne, which was expected because this is the post-harvest low period. However, it is well above […] Read more
Analyst sounds alarm over soybean carryout estimate
USDA accused of overestimating soymeal demand in China, which when eventually corrected could lower oilseed prices
Soybeans and related oilseeds could eventually be in for a big downward price adjustment because of an accounting error, says an industry analyst. Arlan Suderman, chief commodities economist with INTL FCStone, believes the U.S. Department of Agriculture’s world ending stocks estimate for the crop is way too low. The USDA is forecasting 95 million tonnes […] Read more
Bold action needed to revive food processing sector

Farmers have many reasons for ignoring expert advice

China’s vegetable oil stocks on the decline
The significant decrease could help canola prices, but analysts warn producers not to expect too big of a jump
Rapidly declining vegetable oil stocks in China could eventually lead to a canola rally but don’t expect a big price pop, say analysts. The United States Department of Agriculture is forecasting 1.46 million tonnes of rapeseed, soybean and palm oil stocks in China at the end of 2019-20. That would be a 69 percent reduction […] Read more
Black Sea wheat crop faces potential problems
Grain markets are warned to pay close attention to the questionable start to the 2019-20 crop in Russia and Ukraine
There are mixed reports on the condition of this year’s Black Sea winter wheat crop. “The soils in parts of Russia and Ukraine have been really fairly dry in the planting season,” said Bruce Burnett, analyst with MarketsFarm. That is causing concern over crop establishment in the premier winter wheat growing region of the world. […] Read more