Markets
India’s import tax hasn’t helped price outlook, but a 28 percent increase in North American supplies is the real problem
No matter how hard Chuck Penner shakes his Magic 8 Ball, the answer is the same — outlook not so good. His question? What is the prognosis for green lentils? “I’d love to be optimistic but I can’t find any grounds for it,” said the LeftField Commodity Research analyst. Large green lentils are selling for […] Read more
Markets
Vegetarian wave may be opportunity for meat sector
More and more young people are banishing meat from their diets. One-third of Canadians are thinking about cutting back on their meat consumption in the next six months. And lots of baby boomers are becoming “flexitarians,” who don’t eat meat on weekdays but fire up the grill on the weekends. It looks like a dire […] Read more
Small drop for canola; wheat fairly steady
ICE Futures canola contracts were weaker on Thursday, although the market finished well off its session lows as traders reacted to activity in the Chicago Board of Trade soy market. Updated supply/demand numbers from the United States Department of Agriculture were bearish for soybeans, and early selling pressure there spilled into canola. Large supplies in […] Read more
Brazil’s new president sure to shake up agricultural giant
Brazil’s farmers are posting a record pace of soybean seeding this season even as they paused twice to vote in the country’s national election. News accounts say farmers generally favoured the candidate who won the race in a second round run-off vote, the conservative and controversial Jair Bolsonaro. At the end of October, farmers had […] 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. Calf run reaching peak Auction market volumes have probably peaked for the fall run and should moderate. […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$45.01 per hundredweight Nov. 2, up from $45.70 Oct. 26. U.S. hogs averaged $57.58 on a carcass basis Nov. 2, up from $57.06 Oct. 26. The U.S. pork cutout was $75.07 per cwt. Nov. 2, down from $77.54 Oct. 26. The estimated U.S. […] Read more
Canola strengthens; wheat closes lower
ICE Futures canola contracts strengthened on Thursday, as the market recovered off of major chart support. Speculators covering short positions and end users taking advantage of bargain prices accounted for some of the buying interest in canola, according to participants. A slowdown in seasonal hedge pressure and gains in Chicago Board of Trade soyoil were […] Read more
Small losses for canola; wheat stronger
ICE Futures canola contracts posted small losses on Tuesday, but finished well off their lows for the session as support held to the downside. Bearish technical signals sent the most active January contract to a session low of C$480 per tonne in early activity, but oversold price-sentiment and an increase in end user demand helped […] Read more
Canola softer, wheat stronger ahead of WASDE
The trade optimism that carried beans higher turned and shoveled them into the pit today, where they traded away. And with them, canola was sure to follow. The optimism did find a new home on equities, sending the Dow 213 points higher. November soybean futures on Chicago fell 2.5 US cents to US$8.73 per bushel. […] Read more
Canola loses some of yesterday’s gains
The ICE Futures canola platform were weaker at market close, seeing a correction following yesterday’s large gains for the oilseeds markets. Chicago Board of Trade (CBOT) soybean contracts were up while oil and meal contracts were down. Yesterday saw oilseed markets jump in value after United States President Donald Trump tweeted that he talked with […] Read more
