Markets
Editor’s note: This is the first of a series of columns looking at the lessons learned from the financial crisis of 2008. Do you remember where you were 10 years ago when we fell into a worldwide financial crisis? (It still doesn’t have a generally accepted name, with the Great Contraction, the Financial Crisis and […] Read more
Markets
Potato yields not expected to hit record again
Acreage increased in Manitoba and Alberta this year, but prairie growers are not expecting production to follow suit
The potato acreage may have increased this year in Western Canada, but it doesn’t look like it will be the same for yields. “I think overall, it’s too early to tell because we haven’t started the main harvest, but we are not expecting as big of yield as the last couple of years,” said Dan […] Read moreSoybean oil glut in U.S. helps keep lid on canola prices
Farmers advised to cope with the situation by selling canola regularly rather than holding back waiting for higher prices
Canola price prospects are flat at best because of an abundance of U.S. soybean oil, says a grain market analyst. John Duvenaud, publisher of the Wild Oats Grain Market Advisory, said a record 125 million tonne soybean crop in the United States and a huge crush program in that country will keep a lid on […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$29.88 per hundredweight Sept. 7, up from $28.92 Aug. 31. U.S. hogs averaged $36.57 on a carcass basis Sept. 7, steady from $36.57 Aug. 31. The U.S. pork cutout was $68.56 per cwt. Sept. 7, up from $67.21 Aug. 31. The estimated U.S. […] 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 sales active Alberta direct cattle sales saw active trade last week, and steer prices trended fully […] Read more
Big U.S. corn yields surprise market
Winnipeg – An unexpected upward revision to this year’s United States corn yields sent prices dropping Wednesday, and more losses are likely, according to market analysts. The U.S. Department of Agriculture pegged average corn yields at 181.3 bushels per acre in a report released Sept. 12. That was up by about three bushels per acre […] Read more
USDA shocks with record U.S. corn, soy yields outlook
CHICAGO, Sept 12 (Reuters) – The U.S. Agriculture Department on Wednesday issued a surprise increase to its corn harvest forecast due to expectations of record yields in key production areas such as Illinois, Iowa, Nebraska and Indiana. Soybean yields were seen at an all-time high, with the production outlook raised above its already record-high forecast. […] Read more
Canola, soy down ahead of USDA report
ICE Futures canola contracts were weaker on Tuesday, taking some direction from the Chicago Board of Trade soy complex as traders adjusted positions ahead of Wednesday’s production report from the United States Department of Agriculture. Seasonal harvest pressure added to the softer tone in canola, despite highly variable yield reports across the Prairies. Chart-based speculative […] Read more
Canola made minor gains Monday
The ICE Futures canola platform recorded minor gains on Monday, as a pending report by the United States Department of Agriculture kept a note of caution in the air. On Wednesday the USDA will release its production estimates and there are ideas it could feature a hike to the soybean yield in the U.S. Modest […] Read more
Dropping U.S. futures push Prairie wheat bids down
Winnipeg – Wheat bids in Western Canada were down again for the week ended Sept. 7, following the lead of the United States futures markets. While U.S. futures dropped significantly, a weaker Canadian dollar held back losses for Prairie wheat bids. Average Canada Western Red Spring (13.5 percent CWRS) wheat prices were down by C$1 […] Read more
