Markets
South American soybean yields could be down in 2018-19 for a variety of reasons, says an analyst. Weakening currencies in Brazil and Argentina mean imported fertilizer will be more expensive this year. In Brazil, an 11-day trucker strike in May resulted in the government agreeing to allow truckers to charge higher freight rates. That will […] Read more
Markets
Turmoil in South America threatens soybean crop
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. Herd shrinks The mid-year Statistics Canada livestock inventory report showed another decline in the cow herd. Total […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$29.85 per hundredweight Aug. 24, down from $31.25 Aug. 17. U.S. hogs averaged $37.06 on a carcass basis Aug. 24, down from $40.52 Aug. 17. The U.S. pork cutout was $64.18 per cwt. Aug. 24, down from $66.77 Aug. 17. The estimated U.S. […] Read more
Canola set to bounce around bottom of long-range
WINNIPEG – Contracts on the ICE Futures canola market are bracing for turbulence in the coming days as trade negotiations between Canada and the United States and a looming production report from Statistics Canada takes center stage. According to one analyst, these and other factors may play havoc with the Canadian dollar, which could send […] Read more
Wheat wins on rumours, canola rises with soy
Canola finally moved off its downward trajectory, settling up $2.70 per tonne over the day, finishing at $488.60 on the ICE futures market. March and May canola held at and above $500, while canola appeared to grab some technical support around $490 as it fell against that number a couple of time during the session. […] Read more
White knuckle time for Canadian dairy and NAFTA
What will Canadian farmers need to sacrifice to save NAFTA?
It’s white knuckle time on NAFTA and there is a high chance of basic deal being agreed by Friday night. It’s going to affect Western Canadian farmers in a big way, but exactly how is too fluid for anybody to know, including Canada’s NAFTA lead Chrystia Freeland and the United States’ Robert Lighthizer. I can’t […] Read more
Appetite for destruction: Soy boom devours Brazil’s tropical savanna
CAMPOS LINDOS, Brazil, (Reuters) – When farmer Julimar Pansera purchased land in Brazil’s interior seven years ago, it was blanketed in tiers of fruit trees, twisted shrubs and the occasional palm standing tall in a thicket of undergrowth. He mowed down most of that vegetation, set it ablaze and started planting soybeans. Over the past […] Read more
Canola below $490, chasing the beans lower
Soybeans continued lower again on Chicago, taking canola along for the ride. American trade-related subsidy programs, now up to US$12 billion, are exacerbating the fall, as that country’s taxpayers shoulder the burden of avoiding the political pressure of starving out U.S. farmers and processors over a trade war with China. Canola was down more than […] Read more
Questions remain over impact of hot weather on canola yields
Harvest came early for some crops in Western Canada this year. A few canola crops in Manitoba are already in the bin as warm temperatures and a lack of rain helped growers hit the fields quicker than other years. However, a hot and mostly dry summer on the Prairies has left many growers guessing about […] Read more
Sask. lentil yields predicted to be down
Winnipeg – After a year of market woes for lentils, it looks as though the Saskatchewan lentil yield won’t be the best either. “I think overall we would be expecting lentil yields lower than average this year but it’s hard at this point to put a figure or a number on that,” said Carl Potts, […] Read more
