Markets
The ICE Futures canola platform finished the day mixed, as oilseed traders were cautious ahead of the G20 meeting between United States President Donald Trump and Chinese President Xi Jinping. Chicago Board of Trade (CBOT) soybean, oil and meal contracts all were stronger at market close. Oilseed contracts were jittery throughout the day as traders […] Read more
Markets
Oilseeds hold breath ahead of G20
Total Canadian grain exports running well ahead of average
Canadian canola exports may be slightly behind the year-ago pace, but wheat movement is very strong and total crop exports to-date are running well ahead of average for this time of year, according to the latest statistics from the Canadian Grain Commission (CGC). Canada exported 219,800 tonnes of canola during the week ended Nov. 25, […] Read more
Fusarium creates new challenges
The disease hasn’t stopped farmers from growing cereals, but they now demand a much higher level of profitability
Fusarium headblight has been evolving for decades as it has spread through North America’s cereal grains areas. So too have farmers, buyers and processors, as the wheat and barley markets grapple with the costs and impacts of the fungal disease. “There’s a shift away from risky crops and to crops that are not as risky,” […] Read more
Soybean market shifts from normal patterns
The trade war may be sending more Canadian beans to China, but industry worries U.S. beans are also moving north
It appears that Canadian soybeans are gaining market share and attracting higher prices in China but are getting hammered in other markets, including at home, by cheap American product. That conclusion is based mainly on rumours, logic and circumstantial evidence. Ron Davidson, executive director of Soy Canada, will be looking for more concrete evidence as […] Read more
Sluggish pulse exports hit major processor
AGT Food and Ingredients blames a nine-month, $38.3 million net loss on an oversupply of pulses in global markets
Lacklustre demand continues to have a profound impact on one of the world’s top pulse processing firms. AGT Food and Ingredients posted a $38.3 million net loss for the nine months ended Sept. 30, 2018. Company president Murad Al-Katib recently told investment analysts during a conference call that an oversupply of pulses in global markets […] Read more
Big Algerian durum crop weighs down price prospects
When searching for the reason for poor durum prices this year we know Italy’s country-of-origin labelling requirement is a problem, but we must also note Algeria’s pursuit of durum self-sufficiency. Algeria is often the largest buyer of Canadian durum, so it raised eyebrows a few years ago when the government decided it would be better […] Read more
Hemp farmers brace for Wild West growth
Legalization in the U.S. could increase acres there, which would be good for Canadian seed firms and bad for farmers
Canada’s hemp industry may soon enter a period of extreme growth. Or a period of extreme chaos. Or both. The United States is on the verge of legalizing hemp production, which could prompt a demand boom for hemp foods and related products there. On top of that, the global market for hemp plant extracts, like […] Read moreCapturing short-term rallies critical for profitability
The market gives and the market takes away. But for a few years it has been, and probably will continue to be for years to come, more of a taker than a giver. That means farmers must learn how to take advantage of bear market rallies. They must also learn from the oil industry, which […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$39.94 per hundredweight Nov. 23, down from $40.51 Nov. 16. U.S. hogs averaged $50.42 on a carcass basis Nov. 23, down from $51.60 Nov. 16. The U.S. pork cutout was $66.93 per cwt. Nov. 23, down from $68.18 Nov. 16. 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. Fed prices steady The average fed steer price reached $149.05 per hundredweight last week, up 15 cents […] Read more
