Markets
MELBOURNE – Drought is expected to cut eastern Australia’s crop production this year to less than half the average over the past 20 years, with New South Wales to be worst hit, the country’s agricultural commodities forecaster said on Friday. While some regions are facing the worst conditions in memory, the Australian Bureau of Agricultural […] Read more
Markets
Drought to cut east Australia crop output in half from 20-year average
Canola funds maintain net long position
Speculators grew their net long positions in the ICE canola market slightly during the week ended Oct. 23, while commercial traders built their positions on the short side, according to the latest Commitment of Traders(CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators moved to a […] Read more
Alberta farmers make large harvest progress
After weeks of no harvest progress, farmers in Alberta were able to get back into the fields and make significant harvest progress over the last week, according to the provincial crop report released Oct. 26. The Alberta harvest is now 78 percent completed as of Tuesday, Oct.23, jumping up 28 percent from last week. The […] Read more
Canola holds; soy, wheat drop
ICE Futures canola contracts settled narrowly mixed on Thursday, seeing some consolidation after recent losses after trading to both sides of unchanged throughout the session. Losses in Chicago soybeans and the advancing Canadian harvest did put some pressure on values. The latest crop report out of Saskatchewan released earlier in the day showed farmers there […] Read more
Canola not flying to China
China’s soybean spat with the United States will not result in a huge increase in Canadian canola sales to the Asian country, says a trader of the crop. “You can’t really increase exports to China anything dramatically because you still have to be a registered crush plant there,” said Glen Pownall, managing director of Peter […] Read more
Climate change and beer study sends wrong message
Reports on a study that says climate change could cause beer prices to double have been all over the news, science programs and late night comedy shows. Few things related to food grab people’s attention more than beer, except maybe bacon. With all the craft brewers around these days it’s easy for reporters to find […] Read more
Oilseed market may spike in November
Canadian oilseed growers might want to circle Nov. 6 on their calendars, says an analyst. That is the date when the United States will have its midterm elections, in which voters will elect members of the House of Representatives and the Senate. Actually, it is the three-week period between the U.S. midterms and the G20 […] Read more
Financial crisis of 2008 helped test market theories
Editor’s note: This is the sixth of a series of columns looking at the lessons learned from the financial crisis of 2008. The 2008-09 financial crisis was a disaster for tens of millions of people around the world, destroying jobs, savings and dreams. Many have not recovered from the damage it dealt. Some never will. […] 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 rally ends Average prices were generally $1-$2 per hundredweight lower last week on a light to […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$45.32 per cwt. Oct. 19 down from $47.65 Oct. 12. U.S. hogs averaged $58.72 on a carcass basis Oct. 19, down from $61.45 Oct. 12. The U.S. pork cutout was $78.42 per cwt. Oct. 19, down from $80.04 Oct. 12. The estimated U.S. […] Read more
