Markets
CHICAGO (Reuters) – The number of cattle placed in U.S. feedlots for fattening dropped by about 8 percent in April from a year ago, but abundant animal supplies were available for meat packers, suggesting beef will be ample and prices potentially lower later this year. The U.S. Department of Agriculture in a monthly report said […] Read more
Markets
U.S. cattle placements declined in April but more supplies ahead
Visible Canadian Canola Supplies Tighten
Winnipeg – Visible canola supplies in Canada dipped below one million tonnes for the first time since the 2017 harvest, according to the latest Canadian Grain Commission data. Canola stocks in commercial hands as of May 20, 2018, were pegged at 991,400 tonnes by the Canadian Grain Commission in its latest report. That’s down by […] Read more
Feed Barley Prices Hang Tight, Waiting for New Crop
WINNIPEG (CNS) – The thought of sizzling days near the end of May in 2017 is helping keep feed barley prices in Western Canada well supported, according to a market-watcher. “There is that memory of last year’s drought and seeing temperatures in the high 20s and 30s at the end of May,” said Allan Pirness […] Read more
Large U.S. pulse crop still possible, despite reduced acres
Winnipeg – Farmers in the United States may have planted fewer pulse acres in 2018 compare to the previous year, but the reduction was likely not as large as forecast by the U.S. Department of Agriculture. In addition, a return to average yields would still result in big supplies overall after poor crops in 2017, […] Read more
Soybeans poised for move higher, waiting on China
WINNIPEG – Soybean contracts on the Chicago Board of Trade could be poised to rally if and when China and the United States reach an agreement over trade issues. According to Terry Reilly, a senior commodity analyst with Futures International in Chicago, Illinois, people are starting to get excited over rumours a deal may be […] Read more
Higher demand, weaker dollar boosts canola
Winnipeg – Canola contracts on the ICE Futures Canada platform finished higher on Thursday, due to strong demand and weakness in the Canadian dollar. The Canadian dollar was roughly a third of a cent lower, relative to its American counterpart, which made canola more attractive to international buyers. Advances in Malaysian palm oil and European […] Read more
U.S. prepared to go slow on NAFTA
The May deadline was unrealistic because the three countries have many outstanding issues to resolve
If anyone was holding out hope for a North American Free Trade deal in 2018, Gregg Doud has dumped a large bucket of cold water on that idea. Doud, chief agricultural trade negotiator for the Office of the U.S. Trade Representative, shared an update on NAFTA May 22 while speaking at a Farm Foundation forum […] Read more
World corn supplies start to dwindle
There is also the potential for increased import demand from China
Prices could start to rise if an expected 159 million tonnes of ending stocks materializes by the end of 2018-19
Global corn stocks are finally starting to tighten up, says an analyst. The U.S. Department of Agriculture forecasts 159 million tonnes of world ending stocks by the end of 2018-19. That is a 53-day supply of the crop. “That’s getting pretty tight in the year ahead,” Arlan Suderman, chief commodities economist with INTL FCStone, said […] Read more
Assessing market strength requires diverse study
It’s easy to jump to conclusions when looking at charts. It’s easy to do. They are visual and you can find patterns without much work. But it can also be dangerous if seeing patterns causes you to make decisions too quickly. What you’re seeing might not actually be there, at least not in a real-world […] Read more
Beef-type grading urged for pork industry
An American agricultural economist recommends grading by colour, which could increase sales of all types of pork
Jayson Lusk doesn’t often buy pork chops. “She won’t let me,” the Purdue University agricultural economist said about his wife, who finds most pork too dry and tasteless. “But since I’ve been doing this study, I now will buy them occasionally, now that I know what we should be looking for.” Lusk and a team […] Read more
