Markets
The government is predicting a major increase in Chinese imports once trade war ends, but producers aren’t so sure
ORLANDO, Fla. — American soybean groups are not as confident as their political leaders that China will end up buying more U.S. soybeans than it did before the trade war. U.S. Agriculture Secretary Sonny Perdue told farmers attending the recent 2019 Commodity Classic conference that a trade deal with China would create a “bonanza” for […] Read more
Markets
WASDE fails to move markets off lower path
The USDA’s supply and demand report failed to offer any insights into a market illuminated only by a Chinese lantern
The world’s grains and oilseeds markets seem solidly stuck in sideways, with the only light forward coming from the fragile glow of a Chinese lantern. World Agricultural Supply and Demand Estimates by the United States Department of Agriculture cast little more illumination on where prices might be headed, other than more of the same. The […] Read more
Over-dependence on one volatile market is a problem
Canola prices have fallen to around the same low level they hit the last time we were having trade issues with China back in the summer of 2016. Back then, China’s concern was the level of dockage and its potential to raise the introduction of blackleg disease. The Chinese are being less specific this time, […] Read more
U.S. meat sector expected to slow down soon
The herd liquidation is expected to be mild and unlikely to close feedlots and packing plants, as occurred in 2011-14
HOUSTON, Texas — North American meat consumption has increased because of population growth, but the latest beef cattle cycle could be slowing, says a Rabobank official. While Canada’s livestock inventory has been stable for several years, the United States went through a five year expansion that put record amounts of meat on the market. The […] Read more
Grain drying with heat called good way to go
A storage expert says direct and indirect heating systems are essential tools for producers during cool, late harvests
Grain storage expert Joy Agnew says air drying with heat is becoming increasingly essential, given that farmers have recently been facing late harvests. Speaking at FarmTech Jan. 29, Agnew, formerly of the Prairie Agricultural Machinery Institute (PAMI), said recent harvests indicate farmers are starting later due to poor weather conditions, which makes it more difficult […] Read moreInternational order best defence in protectionist times
MONTREAL — Do you know much about the so-called “rules-based international order?” You should. You’re probably one of its champions and shining stars. Canadian farmers (in free market industries) are outstanding examples of producers who can grow and raise commodities that are among the world’s best and get them to customers around the world at […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$35.61 per hundredweight March 8, up from $34.48 March 1. U.S. hogs averaged $45.86 on a carcass basis March 8, up from $45.01 March 1. The U.S. pork cutout was $65.04 per cwt. March 8, up from $61.92 March 1. The estimated U.S. […] 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. Alberta direct cattle sales saw active trade this week, and dressed prices improved by $4-$6 per hundredweight […] Read more
Brazil preparing for end of U.S.-China trade war
BRASILIA, March 13 (Reuters) – Brazil is conducting studies on how it could be impacted by the end of the trade dispute between China and the United States, which could help Latin America’s largest economy to formulate a response if it disrupts soy exports, agriculture officials told Reuters. U.S. Trade Representative Robert Lighthizer said on […] Read more
Canola finishes steady; wheat drops
WINNIPEG – ICE Futures canola contracts were down for the most of trading on Wednesday, but rallied off of earlier lows to end the day at steady. Increases in soybean prices and bargain hunting in canola provided support. Continuing issues between Canada and China has led to a large carryover for 2018 and poor export […] Read more
