Markets
Following a dry winter, most of the Canadian Prairies could do with a good rain but many American producers wish for drier weather. Long range forecasts show potential for rain on the Prairies at the end of this month or early May. Meanwhile, moisture south of the border has been of the frozen type. A […] Read more
Markets
Close-to-home organic marketing encouraged
One industry insider urges exporters not to ignore the United States, while another emphasizes domestic processors
Canadian organic growers should focus on the world’s largest organic market sitting right on their doorstep, says an industry spokesperson. “The U.S. is the No. 1 organic market in the world. We’re sitting right next to them and we have an excellent trade agreement and we have an equivalency, which is almost full recognition of […] Read more
WP markets charts – April 18, 2019
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European rapeseed crop shrinks this year
Acreage is expected to be down 18 percent, making it the second disappointing crop in a row for the European Union
The European Union is picking a good time to produce its second straight subpar rapeseed crop. The United States Department of Agriculture’s Foreign Agricultural Service is reporting an 18 percent decline in EU rapeseed acreage compared to last year. “Due to dry sowing conditions in some major rapeseed producing countries, rapeseed acreage declined sharply, especially […] Read moreCanfax 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. Trade has been light in fed cattle with almost no interest from buyers in the United States. […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$57.08 per hundredweight April 12, down from $58.62 April 5. U.S. hogs averaged $76.37 on a carcass basis April 12, up from $75.79 April 5. The U.S. pork cutout was $85.71 per cwt. April 12, up from $81.84 April 5. The estimated U.S. […] Read more
ICE weekly outlook: Canola sideways, waiting for news
Winnipeg – ICE Futures canola contracts moved lower during the week ended April 17, but remain stuck in a sideways trading range overall waiting for some fresh market moving news. “April is usually the quietest month of the year for us,” said Ken Ball of PI Financial in Winnipeg. In addition to large world oilseed […] Read more
Canola drops but wheat up slightly
Winnipeg – ICE Futures canola contracts were weaker on Wednesday, nearing major chart support as bearish technical signals and spillover from the losses in Chicago Board of Trade soybeans weighed on values. The ongoing trade tensions with China and lack of progress on that front also weighed on values, according to participants. Intermonth spreading was […] Read more
Farm safety laws, carbon tax on the block as Alberta’s UCP elected
The United Conservative Party will be Alberta’s new government, receiving a majority mandate from voters Tuesday night. The party, with premier-designate Jason Kenney at the helm, will send at least 60 MLAs to the legislature this spring with a strong rural voice. “Our province has sent a message to Canada and the rest of the […] Read more
Views differ on exports to China other than canola
WINNIPEG – Depending on whom one has spoken with, there are differing views as to grain exports to China other than canola. The federal government stated there have been no export issues outside of canola. “The current actions taken by China are limited to canola seed, and we have not received any indication of broader […] Read more
