Markets
You won’t find vegetarian products labelled as burgers, steaks, sausages or even bacon-flavoured in France. And to get the monikers dairy, milk or cheese, the product must come from an animal, not almonds or soy. France’s parliament recently approved the measures and now the U.S. National Farmers Union, the U.S. Cattlemen’s Association and the National […] Read more
Markets
USDA wheat seeding forecast questioned
A United States wheat expert thinks there will be less spring wheat and more durum than the U.S. Department of Agriculture expects. The USDA forecasts 12.6 million acres of U.S. spring wheat, a 15 percent increase compared to last year. However, lacklustre prices and a late start to spring planting in the northern Plains since […] 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 jump Fed steer and heifer prices took a hefty jump last week with steers rising […] Read more
WP livestock report
Lambs Ontario Stockyards Inc. ran 1,615 sheep and lambs, up four times over last week, and 168 goats went through its chutes for the week ending April 27. Hogs The weighted-average national U.S. price for live barrows and gilts on April 27 was US$45.06, up slightly from April 20’s $41.17. On the same day, American […] Read more
Saskatchewan pulse acreage ideas hold firm despite pressures
Winnipeg (CNS Canada) – Disruptions marketing to India may have cut into prices for peas and lentils over the past year, but farmers in Saskatchewan did not shift their acreage intentions for 2018 all that much when it comes to pulses, according to survey results released by Statistics Canada on April 27. Saskatchewan farmers intend […] Read more
Soy weighs down canola prices
Winnipeg, May 1 (CNS Canada) – ICE Futures Canada canola contracts settled mostly lower on Tuesday, as weakness in Chicago Board of Trade soyoil weighed on prices. While gains in CBOT soybeans and a weaker tone in the Canadian dollar provided support earlier in the day, canola was eventually pressured lower by the new […] Read more
Canola mixed, soy lower
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts settled mixed on Monday, with losses in the front months and gains in the more deferred positions. Supportive chart signals and a lack of significant farmer selling helped underpin canola throughout the session. Good weather across the Prairies was said to be limiting hedge pressure, as […] Read more
Canola finishes weaker
Winnipeg (CNS Canada) – The ICE Futures Canada canola market finished weaker on Thursday in technical selling. Traders were positioning themselves ahead of tomorrow’s acreage report by Statistics Canada. Some farmers in Western Canada will likely begin planting next week due to the warm weather. Canola is looking expensive relative to soybeans and other oilseeds. […] Read more
Rising ocean freight rates should help Canada
Ocean freight rates have been climbing, and the forecast is for further escalation unless a trade war erupts between the United States and China, says a Montreal freight broker. Freight rates were “fairly healthy” in 2017 compared to 2016, said the broker who requested anonymity. Average Panamax vessel earnings climbed to about US$14,000 per day […] Read more
Africa snaps up Canadian wheat
Countries such as Nigeria and Ghana are part of a growing trend in sub-Saharan Africa, where wheat sales are booming
Wheat demand is exploding in sub-Saharan Africa, and Canada is getting more than its fair share of the action. The International Grains Council said in a recent report that the region is “propelling year-to-year growth” in global wheat import demand. The IGC is forecasting that demand will be up five percent in Nigeria in 2017-18, […] Read more
