Markets
Hogs The U.S. national live price average for barrows and gilts was US$34.48 per hundredweight March 1, down from $37.93 Feb. 22. U.S. hogs averaged $45.01 on a carcass basis March 1, down from $46.76 Feb. 22. The U.S. pork cutout was $61.92 per cwt. March 1, up from $59.01 Feb. 22. The estimated U.S. […] Read more
Markets
WP livestock report
China says customs found ‘hazardous pests’ in Canadian canola import samples
BEIJING, March 6 (Reuters) – China’s foreign ministry said on Wednesday that the country’s customs officials had frequently discovered “hazardous pests” in samples taken recently from Canadian canola imports. The comment, made by official spokesman Lu Kang during a regular press briefing, came after Reuters reported that China had cancelled Canadian agribusiness Richardson International Ltd’s […] Read more
China may have rejected applications for GMO certificates
China rapeseed meal futures jump 4 pct on fears of tighter cargo checks
BEIJING, March 1 (Reuters) – China’s rapeseed meal futures on Friday jumped more than 4 percent on worries that supplies would tighten as cargoes from major supplier Canada were said to be receiving higher scrutiny at ports. The most active rapeseed meal futures on Zhengzhou Commodity Exchange (ZCE) for delivery in May rose 4.2 percent […] Read more
CP confirms another derailment west of Banff
Another Canadian Pacific Railway freight train has derailed west of Banff, causing delays on the company’s main-line route between Calgary and Vancouver. The latest incident occurred yesterday at approximately 4:30 pm (MT). In a March 1 email, CP spokesperson Salem Woodrow said 20 rail cars left the track, including a number of hopper cars that […] Read more
Canola hits lows for 4th straight day
Winnipeg – ICE Futures canola contracts were weaker on Thursday, hitting fresh contract lows for the fourth straight day this week as bearish technical signals kept speculators on the sell side once again. Large supplies of unpriced canola sitting in farmers’ bins across the Prairies likely added to the softer tone, as end users are […] Read more
Spring wheat protein premiums fall
The drastic drop is blamed on dry weather in major growing areas and falling prices for protein crops such as soybeans
Farmers are disappointed with this year’s spring wheat protein premiums. Neil Blue, a crop market analyst with Alberta Agriculture, said this year’s premium amounts to about two cents per bushel per 1/10 percentage point of protein. Last year’s premium was four times that, and the average is 3.5 to four cents per bu. per 1/10 […] Read more
Speculation grows about future Chinese pork imports
Hog producers might have dodged a fourth-quarter price collapse, but futures since then have cratered as American pork production exceeded expectations. But hog futures prices could rally later this year depending on what happens in China as it battles African swine fever in its herd. One Canadian analyst, Jim Long, suggests that once the unprecedented […] Read more
Soybean glut not going away anytime soon
Low-priced beans from the U.S. are cutting into traditional canola markets, and it could take three years to resolve
WASHINGTON, D.C. — It could take three years, or longer, for the United States to get rid of its glut of soybeans. The U.S. Department of Agriculture chief economist, Robert Johansson, delivered this bearish message Feb. 21 at the USDA Agriculture Outlook. As of early 2019, the stocks-to-use ratio of U.S. soybeans was about 23 […] Read moreCanola, wheat might see higher spring prices: adviser
LLOYDMINSTER — Commodity futures adviser Adam Pukalo said canola and wheat might see better prices this spring, depending on how several factors play out. Speaking to farmers in Lloydminster Feb. 13 during the Agri-Visions conference, Pukalo of PI Financial Corp. said canola could rise if the Canadian dollar remains steady, even if the tariff war […] Read more
Less soybeans, more wheat in North Dakota
U.S. farmers’ plans to seed more spring wheat this year could put pressure on prices at the Minneapolis Grain Exchange
WASHINGTON, D.C. — Last fall, American farmers seeded the smallest acreage of winter wheat since 1909. Normally, that would be positive news for Canadian wheat growers, but that may not be the case this year. American producers are expected to seed more spring wheat in 2019, which could put pressure on hard red spring wheat […] Read more
