Markets
This year, everything went right for spring wheat growers in the United States. Acres jumped by more than two million and the average yield hit nearly 50 bushels per acre, setting a national record. On top of that good news, in late October the U.S. Wheat Associates reported that the 2018 crop is mostly high-quality […] Read more
Markets
Aussie wheat wreck to boost prices
Drought is expected to reduce the country’s winter crop to 28.22 million tonnes, 31 percent below the 10-year average
One of Canada’s main rivals in the grain export business is having a wretched year and that will likely lead to increased demand and higher prices for Canadian crops, says an analyst. The Australian Department of Agriculture and Water Resources (ABARES) forecasts a total winter crop of 28.22 million tonnes. That would be the smallest […] Read more
Farmers can learn lessons from 2008 financial crisis
Editor’s note: This is the final column in a 7-part series about lessons learned from the 2008 financial crisis. They say never let a crisis go to waste, and I hope farmers used the 2008-09 financial crisis to boost their understanding of the various types of risk they face. That’s why I started this series, […] Read more
Equity selloff unlikely to help agricultural commodities
Stock markets tumbled sharply over the last few weeks as traders took profits from the run up earlier this year and positioned themselves for the possibility of weaker economic growth and corporate profits in coming months. Some market theorists believe that when money comes out of equities it sometimes flows into commodities as investors look […] Read more
India’s pricing threatens imports
There is a crisis brewing in rural India, and that doesn’t bode well for a resumption of pulse trade to that country, says an Indian broker. Vivek Agrawal, director of JLV Agro, an Indian commodity brokerage firm, said pulse markets have been stagnant and there is a danger of them heading down. “The fear is […] Read more
Soy soars, boosts canola, after Trump tweet
The ICE Futures canola platform were stronger at market close, finding spillover support from the soybean market. The canola market was lower in early morning trade as a stronger Canadian dollar weighed on it. However, United States President Donald Trump tweeted midmorning that he had a “long and very good conversation” with Chinese President Xi […] 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. Feeder trade lower Over the past three weeks, calf prices have traded lower than last year. Weekly […] Read more
WP livestock report
Lambs Ontario Stockyards Inc. reported that 1,116 sheep and lambs and 53 goats sold Oct. 22. Light lambs sold steady. Heavy type lambs sold barely steady to $10 cwt. lower. Good sheep traded $5-$10 cwt. higher. Goats traded barely steady. Beaver Hill Auction in Tofield, Alta., reported that 1,325 sheep and 430 goats sold Oct. […] Read more
ICE canola could go lower still
It’s a dismal outlook for the ICE canola market as it has hit new yearly lows and could go lower still, according to one trader. “Unfortunately the news for the moment doesn’t seem to be overwhelmingly bullish news. It continues to be a little bit on the tad negative side,” said Keith Ferley of RBC […] Read more
Canola weight by seasonal harvest; Soybeans hits monthly low;
The ICE Futures canola platform were weaker at market close. Chicago Board of Trade (CBOT) soybean and meal contracts were stronger though after starting the day lower. The shift happened as soybeans looked to regain ground after hitting new monthly lows in overnight trade. Soyoil contracts were mixed. South American seeding is weighing on the […] Read more
