Markets
Canada has the potential to post a new record for wheat exports this crop year, and the outlook for next year might look a little brighter as crop problems develop in other countries.
Markets
U.S. grains: Wheat falls on rain in growing regions
Chicago wheat fell for a third straight session on Tuesday, as rain in growing areas of the U.S. Plains improved moisture for the crop, reinforcing expectations of a well-supplied market, according to analysts.
U.S. livestock: Cattle fall on unconfirmed screwworm report
Chicago cattle futures fell on Tuesday as an unconfirmed report of a case of New World screwworm led to a sell-off.
Klassen: Lower beef production forecasts support feeder complex
Improving feedlot margins contributed to the stronger feeder market. Alberta packers were buying finished cattle on a dressed basis at $500/cwt delivered which was fresh record high. Using a 60 per cent grading, this equates to a live price of $300/cwt. Feedlot breakeven pen closeouts are in the range of $260-$270/cwt. Feedlots are anxious to reload and larger groups of quality packages are limited at this time of year.
Pulse Weekly: Pulse Canada awaits India decision on peas
India, like China, could put tariffs on Canadian peas
Pulse Canada is in anticipation of a decision by India whether or not to impose tariffs on Canadian yellow peas beginning June 1.
Weak Chinese demand leaves Australia with too much wheat
Australian wheat inventories will likely be much higher than last year at the end of the season, pressuring prices, because of a drop in Chinese imports and competition from ample supplies out of rival exporter Russia, analysts and traders said.
Canada’s canola supply grows tighter
Analysts say Agriculture Canada may have to cut its ending canola stocks estimate in half in response to booming exports
It is highly unusual to see a red number in the sea of black on Agriculture Canada’s monthly Grains and Oilseeds Supply and Disposition report.
Market watches Russia’s wheat export potential
Wheat prices would get a boost if the country’s exports remain as low as much of the trade is beginning to forecast
A big debate is once again brewing about how much wheat the world’s leading exporter will ship out in the upcoming crop year.
Tariffs may threaten pricing
An analyst warns that tariffs and subsidies could throw a wrench into the commodity futures market
Tariffs and subsidies could undermine pricing mechanisms for many Canadian agricultural commodities, says an analyst.
U.S. bill would get canola back into biofuel game
The 45Z Clean Fuel Production Credit has been called a disaster for the sector, but proposed legislative changes are seen as welcome
Canola oil would be one of the main beneficiaries of proposed changes to the 45Z Clean Fuel Production Credit making their way through U.S. Congress, says an analyst.
