Markets
Wheat headed lower as international markets appeared to be more robust than many analysts had thought. Even hard red spring types were under pressure as American exports ran into heavy competition from the European Union and Russia. It was largely suspected that Russian supplies were heavily depleted as local prices were on the rise, however […] Read more
Markets
Soybean carryout worrisome
Soybean prices are set to tumble and that will drag down corn and other grain prices, says an economist. The nearby soybean futures price at the end of last week was about US$9 per bushel. That is up almost $1 per bushel from harvest lows. That is despite the United States Department of Agriculture forecasting […] Read more
Here comes the sun — and trouble
Analyst says a looming solar cycle will bring volatile weather and disrupt markets, but Environment Canada disagrees
Hold onto your hats because the Earth is about to enter a weather cycle that will rock grain markets for years to come, says an analyst. Shawn Hackett, owner of Hackett Financial Advisors, said the Earth is entering into the first trough of a grand solar minimum phase of the sun’s sunspot cycle. He said […] Read more
Low stocks may boost sunflowers
Manitoba farmers might have fallen out of love with oilseed sunflowers, but 2019-20 might be a good year in that market, says analyst Mike Krueger. “We’re in a trend where we’re going to end up with almost half of what we had a year ago,” said Krueger of World Perspectives about oilseed sunflower ending stocks. […] Read more
U.S. ethanol future tied to bumper crop of D.C. politics
Ethanol producers in the United States achieved another record year in 2018, with production climbing 1.9 percent to 16.1 billion U.S. gallons processed from about 5.6 billion bushels of corn, or about 38 percent of the 2017-18 crop. But ethanol producers are not content. They are vexed by the actions of the U.S. Environmental Protection […] Read more
U.S. soy glut could take three years to eliminate
WASHINGTON, D.C. — It could take three years or longer for the United States to get rid of its glut of soybeans. Robert Johansson, the U.S. Department of Agriculture’s chief economist, delivered the bearish message today at the USDA Agriculture Outlook. As of early 2019, the stocks-to-use ratio of U.S. soybeans was around 23 percent, […] Read more
Pulse prices may start to move soon
WINNIPEG (CNS Canada) — Pulses have seen little movement in prices so far this winter, but two factors on the horizon could change that — road restrictions and spring seeding. Dale McManus of Johnston Grains in Welwyn, Sask., pointed out that road restrictions will take effect in many regions toward the end of March. “Normally, […] Read more
Farmers need better balance on the transportation scale
Grain companies don’t have to worry about getting enough grain to haul. They don’t have to worry about making overseas sales deals for Canadian crops. But they do have to worry about getting grain cars because they could always buy more from farmers and sell more to buyers if they could simply get enough rail […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$35.55 per hundredweight Feb. 15, down from $38.50 Feb. 8. U.S. hogs averaged $48.51 on a carcass basis Feb. 15, down from $49.43 Feb. 8. The U.S. pork cutout was $63.03 per cwt. Feb. 15, down from $64.82 Feb. 8. 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. Dismal fed picture Fed steers averaged $148.67 per hundredweight last week, down $2.66, and fed heifer prices […] Read more
