How did things ever get so far? I’m hoping somebody high up in the Chinese government is thinking that today, as its relationships with multiple countries are strained and have suffered considerable damage in the last couple of years. Canada is not the least of those strained relationships and deepening bad blood, with two Canadian […] Read more
Markets — page 340
With Canada-China relations, how did things ever get so far?
An opportunity for China to calm down things with Canada?
Western Canadian wheat: Bids mixed as loonie retreats from highs
WINNIPEG, Nov. 1 (MarketsFarm) – Wheat bids in Western Canada were mixed for the week ended Oct. 31. Canadian Western Red Spring Wheat (CWRS) was lower, while Canada Prairie Red Spring (CPRS) was steady to lower. Canadian Western Amber Durum (CWAD) was steady to higher. The Canadian dollar dropped almost a half cent from three-month […] Read more
Biofuel forecast may prop up prices
International Energy Agency says global production will increase to 130 billion litres by 2024 from 110 billion this year
One of the main pillars propping up the grain and oilseed sector won’t be crumbling any time soon, according to an intergovernmental organization. Biofuel production is expected to increase 25 percent over the next five years, based on an outlook prepared by the International Energy Agency. If the forecast proves true, it will help underpin […] Read more
Wheat imports restricted
One of Canada’s biggest competitors in the wheat export business has lost a key market. UkrAgroConsult is reporting that Russia has stopped issuing phytosanitary certificates for wheat destined for Vietnam at the behest of Vietnam due to the discovery of thistle seeds in a Russian wheat cargo. Vietnam was the third-biggest buyer of Russian wheat […] Read more
Flat oil prices likely: good for fuel bills, bad for biodiesel
A surplus of production capacity looks set to keep crude oil prices mostly steady or perhaps a little lower into 2020, barring any geopolitical surprises or worse than expected global economic performance. That should provide stability for farmer’s diesel bills, but it also has implications for biofuel prices and the general outlook for commodity pricing. […] Read more
End of commodity boom real reason for national anger
There’s an ugly feeling across Canada, apparent in the federal election and its results, but long-simmering beforehand. Politicians have been horrible to each other. But so too have millions of Canadian citizens, these days often portraying each other as enemies rather than as fellow citizens with differing views. This is particularly true on social media, […] Read more
Canada likely to see less pea competition from Ukraine
Canada will face reduced competition in pea markets from one of its top rivals in 2019-20. Ukraine harvested 583,000 tonnes of peas this year, down from 774,900 tonnes last year and 1.01 million tonnes in 2017, according to a recent report by the Global Pulse Confederation. One of the reasons for the short crop was […] 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. Fed steer price slips After gaining $7.50 per hundredweight over the past five weeks, weighted average fed […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was $42.08 per hundredweight Oct. 25, down from $42.88 on Oct. 18. U.S. hogs averaged $53.10 on a carcass basis Oct. 25, down from $56.87 Oct. 18. The U.S. pork cutout was $76.56 per cwt. Oct. 25, down from $77.03 Oct.18. The estimated U.S. […] Read more
Prairie oats market stable, but strong
Winnipeg, Oct. 28 (MarketsFarm) – Oats bids in Western Canada have stabilized for the time being, as the weather concerns that propped up the market at the beginning of the month are largely factored in for the time being. “It’s a pretty stable market. Stable, but strong,” said Scott Shiels, of Grain Millers Inc. in […] Read more
