Markets
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
Markets
Canola and wheat finish stronger
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
Climate change innovation better than belt tightening
Which of the following messages is likely to be met with more acceptance and a greater likelihood of follow through resulting in positive change for the environment? People need to slash their consumption of meat and dairy to slow the production of greenhouse gases. A dividend of hundreds of millions of dollars in lower costs […] Read more
Hog prices show rare fourth quarter resilience
Hog prices appear to be dodging the fourth-quarter bullet. Although the always-scary last three months of the year are upon producers, prices aren’t slumping but instead have found some recent strength, despite farmer fears and trade disputes. “I’m pretty optimistic about it,” said Steve Meyer, well-known hog market analyst with Kerns and Associates of Ames, […] 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 continues Fed prices have rallied for four straight weeks and were trading at the highest […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$47.65 per hundredweight Oct. 12, down from $49.07 Oct. 5. U.S. hogs averaged $61.45 on a carcass basis Oct. 12, down from $63.63 Oct. 5. The U.S. pork cutout was $80.04 per cwt. Oct. 12, up from $79.56 Oct. 5. The estimated U.S. […] Read more
Canola rebounds, wheat futures down
Chicago Board of Trade (CBOT) soybeans contracts finished the day mixed, with values jumping around in the final few minutes of trade. Soyoil contracts were weaker, while meal contracts were higher. It is expected the canola market will continue to bounce around in trade day-to-day as nicer weather allows farmers to make some harvest progress […] Read more
CBOT soybeans trending higher, with meal
Soybean and corn futures at the Chicago Board of Trade both saw some strength over the past week, and could see some additional upside, according to an analyst. Harvest delays due to poor weather and speculative short-covering accounted for some of the recent strength in the futures, according to Sean Lusk, director of the commercial […] Read more
