Markets
A new type of canola with a meal similar to soybean meal promises a major breakthrough into the vast livestock feed market. Researchers are also working hard on other aspects of the meal to capture fast-growing opportunities in the human food market, which is hot for protein. After years of development and testing DowDuPont plans […] Read more
Markets
National security is in the eye of the beholder
For Canada, critical export infrastructure should be treated like the U.S. treats national defence: as a non-partisan issue too serious to mess with. The Trump administration has farcically claimed “national security” as its excuse for the unjustified steel and aluminum tariffs on Canada and other trading partners it imposed last week. The weak argument of […] Read more
China yanks down corn reserves, pulls up U.S. corn
China is rapidly depleting its corn reserves, but it is costing the government a small fortune. The government sold 48.8 million tonnes of corn at auctions held between May and September of 2017, according to a recent blog on the Dim Sums web site, which used information gathered from a Chinese web site www.grainmarket.com.cn. Those […] Read more
Canola market shows signs of life
Canola shipments have picked up after a long lull, says an industry official. China has started to purchase a lot of new crop cargoes as well as Canadian canola oil, said Glen Pownall, managing director with Peter Cremer Canada Ltd. The rapeseed oil futures market in China “took off” last week and some of the […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$51.61 per hundredweight June 1, up from $49.74 May 25. U.S. hogs averaged $69.33 on a carcass basis June 1, up from $65.07 May 25. The U.S. pork cutout was $76.32 per cwt. June 1, up from $75.60 May 25. 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 trade light Alberta direct cattle sales were slow to develop last week with light trade reported […] Read more
Canola down slightly in light trading
Winnipeg (CNS Canada) – Canola contracts on the ICE Futures Canada platform finished slightly weaker Wednesday in technical trading. Losses in Chicago Board of Trade soyoil and soybeans were bearish for prices. “Also, large funds have been in liquidation mode,” said a trader in Winnipeg. “I think we have the funds under 10,000 contracts […] Read more
Bewilderment, sadness and outrage: mood of US farmers in trade war
World Pork Expo happening as trade war escalates
There’s a fraught mood hanging over the World Pork Expo, at least if the leaders of the U.S. National Pork Producers Council are any sign. They just finished a press conference with a room full of reporters and I’d sum up the feelings about the U.S.-launched trade war, and the resulting Mexican and Chinese retaliation […] Read more
China ethanol could lift grain prices
A plan to implement a 10 percent national ethanol mandate by 2020 would create an annual market for 19 billion litres
The world’s second largest ethanol producer is gearing up for a big new source of demand that will double its profit margins and could take grain prices on a ride. Ray Guy Young, chief financial officer of Archer Daniels Midland Company, said China’s plan to implement a 10 percent national ethanol mandate by 2020 will […] Read more
Will ag trade bear brunt of China’s retaliation for Aecon?
Get ready for China to pull some more shenanigans with Canadian canola. I’m sure the massive country’s government feels it needs to do something to signal its grave displeasure with Canada’s decision to prevent one of its state-owned organizations from taking over Canada’s biggest construction company. Hitting canola is a pretty easy way to slap […] Read more
