Markets
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
Markets
WP livestock report
Market watching late harvest
Canola futures have found themselves in a downward slide, with the market settling right above major support levels on Oct. 24. The January contract finished Wednesday’s session at C$491 per tonne, which was right above major support at C$490 per tonne. “If it legs down, I think a swing target could be as low as […] Read more
Good harvest weather pushes canola down
ICE Futures canola contracts were down sharply on Wednesday, finishing just above major chart support as good harvest weather and bearish technical signals weighed on values. Sunny and dry weather across much of Western Canada should allow farmers to make good harvest progress, although the yields and quality of the later-harvested fields remains to be […] Read more
Harvest movement affects canola
ICE Futures canola contracts were lower on Tuesday, as seasonal harvest pressure and bearish technical signals weighed on prices. Sunny and dry conditions across most of Western Canada were allowing farmers to make good harvest progress, with the resulting hedge pressure finding its way into the futures market. Chart-based speculative selling contributed to the declines, […] Read more
Ag Canada ups canola carryout forecast sharply
Canadian canola carryout stocks at the end of the current marketing year (2018/19) will be considerably larger than an earlier estimate, according to updated supply/demand tables from Agriculture and Agri-Food Canada, released on Oct. 19. Agriculture Canada’s market analysis branch forecast canola ending stocks for 2018/19 at 2.500 million tonnes, which would be double the […] Read more
Canola market not expected to rally in near term
The canola market see-sawed during the week ended Oct. 19 with the overall trend being to the downside as farmers were able to get back into the fields and deliveries picked up pace. From day-to-day the market would bounce from the red to the green. However, days in the green weren’t regaining the losses from […] Read more
Canola and wheat finish stronger
The ICE Futures canola platform were stronger at market close following yesterday’s drop, as the market finished the week in its see-saw pattern. However, unlike the rest of the week the canola market was able to regain its losses from the previous day, breaking the downward trend of the week. Chicago Board of Trade (CBOT) […] Read more
Flax crown in jeopardy
Canada is about to be dethroned as the world’s top flax exporter. APK-Inform, a Ukrainian-based agribusiness consulting agency, is forecasting that Kazakhstan will export 550,000 tonnes of flax in 2018-19, a 48 percent increase over last year. By comparison, Agriculture Canada is forecasting 400,000 tonnes of Canadian flax exports. If those projections prove accurate, it […] Read more
American corn growers claim ethanol policy victory
Lifting restriction on E15 blends is expected to increase corn demand in the United States by two billion bushels
A new ethanol rule in the United States might have a massive or minimal impact on corn and other grain prices, depending on who you talk to. U.S. President Donald Trump has announced he is ending restrictions on selling E15 ethanol blends, which is fuel containing 15 percent ethanol. Gasoline retailers are currently prevented from […] Read more
2008 crisis showed importance of interest rates
Editor’s note: This is the fifth of a series of columns looking at the lessons learned from the financial crisis of 2008. Basic assumptions failed. Reasonable expectations were vexed. Predicting the future became perilous for any prognosticator. However, Phil Shaw found an old lesson verified in the aftermath of the financial crisis of 2008-09: interest […] Read more
