Markets
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Friday, boosted by Prairie weather concerns and speculative buying. Lingering winter conditions across much of Western Canada have some analysts reconsidering acreage projections for the spring, with a later seeding start possibly shifting some intended canola acres into other crops, according to participants. […] Read more
Markets
Canola rises as temps drop
Rumours fly on Indian pulse ban
This week’s rumours of India placing an all-out ban on pulse crop imports are likely just that, rumours. A pair of good crops in a row have left the country with ample supplies of most pulses, and with half of the population involved in agriculture and a federal election coming, the government is looking to […] Read more
Frisky market rally ignores larger reality of oversupply
It was out with the old and in with the new when crop markets rallied on the United States Department of Agriculture’s planting intentions report. But even though we all get frisky in the springtime and want to forget about the dreary old crop hanging over us, that friskiness can distract from reality. Sure, U.S. […] Read more
U.S. farmers face greater uncertainty this spring
With huge political and trade uncertainty as well as tight cropping margins at the top of mind for American farmers, a long general trend of rising corn and soybean acreages could take a pause this year. Farmers on the northern U.S. Plains are considering spring wheat over corn this spring, and those in the southern […] Read more
Soybeans correct higher, canola mixed
Winnipeg, (CNS Canada) – ICE Futures Canada canola contracts were mixed on Thursday, with gains in the nearby old-crop months and losses in the more deferred positions. Advances in Chicago Board of Trade soybeans provided support, although activity was choppy in canola as the Canadian oilseed ran into resistance after already moving higher on Wednesday […] Read more
Chickpea acres expected to jump this year
This year’s chickpea crop is going to be far bigger than Agriculture Canada is anticipating, says a Saskatchewan processor and exporter of the crop. Agriculture Canada is forecasting 197,600 acres, up 18 percent from last year’s plantings. It is the only major pulse crop that is expected to see an increase in acreage. “I feel […] Read more
WP livestock report
Hogs slide The United States national live price average for barrows and gilts was US$39.06 per hundredweight March 30, down from $42.61 March 23. U.S. hogs averaged $48.49 on a carcass basis March 30, down from $52.96 March 23. The U.S. pork cutout was $70.62 per cwt. March 30, down from $72.64 March 23. The […] 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 under pressure The fed cattle market is under pressure, and this week’s weighted average fed […] Read more
China/U.S. trade war roils ag markets
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Wednesday, as an escalating trade dispute between China and the United States could open the door for more Canadian business. Responding to U.S. threats, China announced proposed tariffs of its own on a wide range of U.S. imports overnight – including soybeans. While […] Read more
China grants more subsidies to soy farmers as it cuts corn stocks
BEIJING (Reuters) – Soybean farmers in China’s northeastern provinces will get higher subsidies than corn producers this year as Beijing continues a policy set last year to reduce its huge corn stockpile, the government said on Tuesday. Stocks of corn in China reached around 250 million tonnes in 2017, a legacy from its near-decade long […] Read more
