It’s a truly dark time in Canada, with the rise of an angry, raging, denunciatory politics taking over this nation the way that it has been doing in the U.S. for a few years now. The federal election supplied ample evidence of this, with ill will and personal attacks hanging over the entire campaign. Beyond […] Read more
Markets — page 342
Life in the afterglow of the commodity boom: Is this why we’re all so mad and raging?
Everybody wants somebody to blame. Better blame Mr CommoditiesCycle
Quality worries may hike lentil prices
Growers advised to wait until markets are past harvest lows and expect ‘modest gains’ of about 0.5 cents per pound
Farmers lucky enough to harvest good quality green peas and green lentils might want to lock the bins and wait for prices to climb, says a market analyst. “Don’t get too worried about selling right now thinking that it’s only going to get worse throughout the year,” said Chuck Penner, analyst with LeftField Commodity Research. […] Read more
China’s canola ban results in tough crushing decisions
The curtailment of canola exports to China is creating a golden opportunity to add crush capacity in Canada but at the same time preventing it from happening, says an industry official. “Blocked seed access to China makes it much more attractive to have processing in Canada,” said Brian Innes, vice-president of public affairs with the […] Read more
Looming election, slowing economy prompts trade deal
Just an hour before U.S. President Donald Trump announced a trade deal with China on Oct. 11, I had sent a column to my editor with the following lead sentence. “The negative effects on agriculture of the United States-China trade war are temporarily moderating but I expect the game-changing deal that the Trump administration originally […] Read more
Current trade environment not just an either/or scenario
At some point we might have to accept that this new trade reality is actually real. And we’ll have to react to that reality by changing the way we farm, act and interact with the rest of the world. That’s something quite a few Canadians are grappling with in light of the ongoing and no-end-in-sight […] Read more
Spring wheat rally unlikely to be short-lived
Harvest conditions have been terrible on the Prairies and northern U.S. Plains, and Australia’s crop is in trouble again
Poor harvest conditions in Western Canada and the northern Plains of the United States have led to a spring wheat price rally and there is likely more to come, says an analyst. The December futures spread between Minneapolis and Kansas wheat was about $1.25 per bushel as of late last week. That is well above […] Read moreNew trade order called bad news for Canada
A new report says Canada and its farmers aren’t equipped to deal with a move away from the ‘liberal world order’
Farmers face a starkly worsened long-term world market for their crops and livestock, fears a Canadian agricultural economics analysis firm. And that means many basic assumptions of how farm markets and prices behave might have to be radically reconsidered. “Some of the assumptions of the liberal world order — price arbitrage and market clearing, preference […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts was $41.92 per cwt. Oct. 11, up from $38.28 on Oct. 4. U.S. hogs averaged $56.27 on a carcass basis Oct. 11, up from $49.14 Oct. 4. The U.S. pork cutout was $77.52 per cwt. Oct. 11, up from $75.17 Oct. 4. The estimated […] 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. Feds continue rally Western Canadian fed prices rallied for four consecutive weeks and as of last week […] Read more
Wheat exports to U.S. fall by half
Canada had a thriving wheat export program last year with the notable exception of one key market. Grain elevators shipped out 18.25 million tonnes of the crop in 2018-19, the biggest program in the last 15 years, according to Canadian Grain Commission statistics. However, sales to the United States plummeted to 752,200 tonnes, a 53 […] Read more
