Markets
U.S. Secretary of Agriculture Sonny Perdue has been remarkably consistent about his country’s main agricultural concern – and demand – with Canada that it wants dealt with in a new NAFTA: Class 7 milk has shut off a growing market for U.S. dairy exports, and it has led to an increase of Canadian exports into […] Read more
Markets
Nothing new in US NAFTA position: Class 7 will be at the core of any deal
That's good and bad news, but at least we know what the US wants
Canola drops; soy closes up
ICE Futures canola contracts were lower on Friday, as speculative positioning weighed on values to end the week. The market held steady within a rather narrow trading range over the past week between, trading between C$495 and C$499 per tonne in the most active November contract. Seasonal harvest pressure and anecdotal reports of better-than-expected yields […] Read more
Indian crop offers no market reprieve
The crop is looking like it will be big, which isn’t good news for pulse growers hoping to regain access to that market
Canadian farmers shouldn’t count on India re-entering pulse markets anytime soon, says an analyst. The Indian government recently released its fourth advance estimate of its 2017-18 harvest, and the crop just keeps getting bigger. The new estimate is a record 25.23 million tonnes of pulses, which is 34 percent higher than the previous five-year average. […] Read more
Emerging market currency woes will affect grain trade
You’ve likely already heard about Turkey’s plunging currency problem and how that has the potential to hurt its ability to buy lentils from Canada. The wider worry is that Turkey’s problems could get international investors looking at other currencies around the world and start to sell them off, too. And while it is not a […] Read more
Supply management in trouble even if it survives NAFTA
The worst outcome from any North American Free Trade Agreement deal would be a supply management system that survives but is weakened. Saving free access to the United States, if that happens, will be a blessed relief for all the Canadian crop, livestock and food businesses. And if dairy supply management manages to survive, even […] Read more
Canola finishes higher; wheat trends down
ICE Futures canola contracts ended higher on Thursday, after a choppy day that saw the market trade to both sides of unchanged. Continued weakness in the Canadian dollar, which has lost about one cent relative to its United States counterpart over the past week, provided some support. Uncertainty over the extent of the damage caused […] 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 prices lower From January high to August low, fed prices have dropped 15.2 percent. Over the […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$28.92 per hundredweight Aug. 31 down from $29.85 Aug. 24. U.S. hogs averaged $36.57on a carcass basis Aug. 31, down from $37.06 Aug. 24. The U.S. pork cutout was $67.21per cwt. Aug. 31, up from $64.18 Aug. 24. The estimated U.S. weekly slaughter […] Read more
Soybeans, wheat down; canola holds
ICE Futures canola contracts settled within 50 cents of unchanged in the most active months on Wednesday, lacking any clear direction throughout the lightly-traded session. Temperatures dipped below freezing in parts of Alberta and Saskatchewan overnight. While the anecdotal reports were not pointing to any serious yield or quality losses, the jury was still out […] Read more
Chickpeas buck pulse trend; increased production expected
Saskatchewan farmers are expected to turn in a smaller pulse harvest this fall, although chickpea production is bucking the overall downward trend. Chickpeas are the only Saskatchewan pulse crop to post a production increase, in Statistics Canada’s latest estimate of 2018 production. The estimates show Saskatchewan growers are expected to harvest about 221,000 tonnes of […] Read more
