Arlan Suderman believes there is a narrow window of opportunity for the United States and China to sign a trade deal that would transform the prevailing bearish sentiment in commodity markets. Funds have been sour on commodities since March 23, 2018, when U.S. President Donald Trump imposed tariffs on steel and aluminum imports. The trade […] Read more
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India’s wet summer may create Canadian sales
There are reports of flooding and quality damage in some important pulse-growing regions as the monsoon tap stays on
Indian farmers began the year praying for more rain and now they’re wishing the taps would shut off. The summer crop that started off parched is drowning in water in some regions of the country. Monsoon rains that were 18 percent deficit shortly after planting started are 10 percent surplus country-wide as harvest approaches. There […] Read more
Tightening palm oil forecast likely to support all oilseeds
Several oilseed analysts expect palm oil prices should rally by 15 to 20 percent by early 2020, providing modest support to high-oil crops such as canola. The forecast was lost in more immediate market news, sparked by developments closer to home. November canola futures topped $460 per tonne Oct. 3 for the first time since […] Read more
New oat plant in Manitoba will boost crop’s self-esteem
What does demand-pull look like? It looks like the $94 million oat-processing plant just announced for the western edge of Winnipeg. That 250,000 tonne per year plant, expected to be built by Paterson GlobalFoods beside its existing large elevator, is the way the market says that something has both value and potential. It’s the clearest […] Read more
CETA frustrates ag exporters
This summer, French politicians spent many hours defending the Comprehensive and Economic Trade Agreement between Canada and the European Union. The French National Assembly ratified the trade deal in late July and politicians, at least those in the governing party, spoke in favour of the deal and the economic value to France. But some of […] Read more
Grains drop, soybeans firm following USDA WASDE report
Winnipeg (MarketsFarm) – Monthly supply/demand data from the United States Department of Agriculture was supportive for soybean prices but bearish for corn and wheat, with adjustments to yields and harvested acres providing a number of surprises. Corn futures saw the largest immediate reaction at the Chicago Board of Trade, as average yields were unexpectedly raised […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was $38.28 per hundredweight Oct. 4, up from 38.27 on Sept. 27. U.S. hogs averaged $49.14 on a carcass basis Oct. 4, up from $48.39 Sept. 27. The U.S. pork cutout was $75.17 per cwt. Oct. 4, up from $73.26 Sept. 27. 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. Fed prices firmer Alberta direct cattle sales saw active trade last week, and prices firmed higher for […] Read more
Maybe, just maybe, Trump’s right on trade. Maybe Canada should learn
Donald J Trump is appalling in many ways. Maybe in most ways. He’s a bully and a liar. He encourages racism and xenophobia if it helps him politically. He’s undermining his nation’s constitution on a regular basis. His disgraceful conduct is coarsening American mores. But maybe he’s getting one thing right, or mostly right. Maybe, […] Read more
Grain backlog becomes worry
Grain deliveries are well behind last year’s pace and that could create a backlog next spring, says a grain industry executive. A late crop combined with poor harvest conditions is leading to a dearth of grain trucks at local elevators. Producer deliveries are 650,000 tonnes behind last year’s pace, according to Canadian Grain Commission statistics. […] Read more
