Markets
Crude oil hitting the highest price in three years is positive for oilseed prices but it does not necessarily drive them higher because of other pricing factors, such as supply and demand as well as trade issues. These latter factors have spurred canola to a strong premium over competing oilseeds. Strong crude oil prices help […] Read more
Markets
Producers need to find a refuge from the hogs of war
Something’s wrong with Canadian hog prices and it needs to get fixed. Right now, the market is sending the wrong signals to farmers, and bad signals equal bad decisions made on the farm. “When we (the United States) do stupid things, you lose,” Iowa State University agricultural economist Dermot Hayes commented to me recently when […] Read more
Richardson hopes to turn China on to oats
China could suddenly take off as an important export market if demand could be sparked by a consumer taste shift
It won’t take much to turn China into a booming oat markets, but Canada’s biggest oat miller says how and when it develops remains a mystery. “I’m highly confident,” said Richardson International Chief Executive Officer Curt Vossen, whose company owns mills in Canada, the United States and the United Kingdom. “We’ve seen this before in […] Read more
Average Indian monsoon to dampen country’s pea requirements
India is forecasting a normal monsoon rain season in 2018, which would be bad for pea and lentil demand, but there is a developing market factor that could rescue peas. The India Meteorological Department forecasts that the 2018 southwest monsoon seasonal rainfall will be 97 percent of the long-term average. The monsoon season runs from […] 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 cattle prices up Prices for fed steers and heifers took a jump last week. Fed steer […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$41.17 per hundredweight April 20, up from $37.61 April 13. U.S. hogs averaged $57.65 on a carcass basis April 20, up from $50.06 April 13. The U.S. pork cutout was $67.91 per cwt. April 20, down from $66.33 April 13. The estimated U.S. […] Read more
Oils finish lower, estimates expect big crop
Winnipeg (CNS Canada) – The ICE Futures Canada canola market finished lower on Wednesday, tracking losses in U.S. soyoil and Malaysian palm oil. Overhead resistance weighed on the market while traders continued to exit the May contract. There are widespread expectations this Friday’s acreage estimates from Statistics Canada will forecast a record crop. However, […] Read more
Canola awaits Friday’s acreage estimates
Winnipeg (CNS Canada) – The ICE Futures Canada canola market finished mixed in choppy trading on Tuesday. Warmer weather across the Prairies and ideas the market was somewhat overbought weighed on the more deferred contracts while technical buying bolstered the front-month contracts. Traders were exiting the front-month contract and positioning themselves ahead of Friday’s acreage […] Read more
Canola attractive after rise in CDN dollar
Winnipeg (CNS Canada) – The ICE Futures Canada canola market finished higher on Monday, as weakness in the Canadian dollar made canola more attractive to international buyers. Spreading was a main feature of the day as investors continued to exit the front-month contract in favour of more-deferred values. The threat of a rail strike is […] Read more
Trump’s looming trade war gives Democrats an opening in farm country
JAMESTOWN, N.D. (Reuters) – North Dakota’s Heidi Heitkamp, one of the most endangered Democrats in the U.S. Senate, knows a political gift when she sees one. President Donald Trump carried her largely rural state by a landslide 36 percentage points in 2016, making her one of the Republicans’ best targets in November’s midterm elections. But […] Read more
