Markets
Canadian pulse growers might want to keep an eye on Indian weather conditions this week. The India Meteorological Department announced on Dec. 10 that a tropical cyclone was developing, which could deliver serious rainfall to the country’s main pulse-growing region by this weekend. The cyclone is expected to arrive in the extreme southern state of […] Read more
Markets
Canadian ag falls behind in research and development
When it comes to research and development, Canada lags among advanced nations. That situation also prevails among many of Canada’s export sectors when it comes to trade outside of the United States. Fortunately for farmers, Canada’s agriculture industry and farm organizations are an exception to this situation in both research and development and trade. Our […] Read more
Grain markets watch and wait for actual Chinese buying
Grain markets appear to be saying “show me the money” before getting too excited about renewed trade talks between the United States and China. As the phrase goes, traders “bought the rumour” leading up to the G20 meeting in Argentina that saw the presidents of the world’s two leading economies sit down over supper to […] Read more
Fed cattle markets continue downward slide
Prices dropped 15 percent from the highest point in January to the low in summer, but it’s not as bad as most years
Feedlot and cow-calf margins are slipping downward as the beef market heads toward the end of the year. From the highest point in January to the low in summer, fed cattle prices dropped 15 percent, said Canfax analyst Dallas Rodger at the Alberta Beef Producers annual meeting in Calgary held Dec. 3-5. “In the last […] Read moreSideways canola prices might be a victory
CALGARY — Volatility and pressures to the downside from most oilseeds will keep a lid on any major gains, but might also keep lowering trends under control, say analysts about the near-term future for canola. Lower final production estimates from Statistics Canada did little to improve market prices, but could provide longer-term support for the […] Read more
Peas see potential to hold on at $7-$8
Brazil’s soybeans hit the market soon, and meal from that crop will challenge Canadian pea proteins for price in China
CALGARY — Yellow peas had become a darling of western Canadian agriculture, offering a better option than lentils as many producers’ pulse rotations. Despite lower prices of late, they might continue to do so. Summer, or kharif, season production in India’s pigeon peas saw some drought issues, and now drier soil moisture in their winter […] 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. Fed market hits high Last week the fed market traded at the highest point in seven weeks. […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$37.81 per hundredweight Dec. 7, down from $39.50 Nov. 30. U.S. hogs averaged $47.89 on a carcass basis Dec. 7, down from $50.03 Nov. 30. The U.S. pork cutout was $73.63 per cwt. Dec. 7, up from $69.12 Nov. 30. The estimated U.S. […] Read more
Cheaper canola could stir up export interest
The ICE Futures canola market has seen contracts become cheaper as of late, which could lead to an increase in demand. But the market is also still closely following the ongoing saga between China and the United States. “Everybody’s just waiting for some kind of news regarding China possibly purchasing U.S. beans. They are buying […] Read more
Canola not following soy’s strength
The ICE Futures canola platform closed mixed, failing to find strength from the soy complex. Chicago Board of Trade (CBOT) soybean, oil and meal contracts all finished the day stronger. Reuters reported during the trading session that China made its first major United States soybean purchase in more than six months today. Chinese state-owned companies […] Read more
