Markets
Fababean acres may be down this spring, but the prognosis is much better in the two-to-five-year time frame, says a promoter of the crop. Brad Goudy, owner of Proactive Producers Ltd., the largest provider of zero-tannin fababeans in Western Canada, expects some farmers will be abandoning the crop after disappointing results in 2017. “Guys who […] Read more
Markets
Canada-EU trade deal more important than ever
A couple years ago, when Canada was working hard to complete the Canada-European Union trade deal, a lot of people within farming and agriculture were skeptical. After all, everybody knew that the Europeans were never going to accept two-way trade, so we were probably just getting played for fools, said many skeptics. A couple of […] Read more
Trade war might not boost hog prices for Canada
U.S. President Donald Trump’s trade war with China threatens to crimp U.S. pork exports and has already weakened U.S. prices. While Canada might sell more to China because of the tit-for-tat scrapping, prices to producers are likely to be disappointing. “You people need to stop following the U.S. market,” said Iowa State University agricultural economist […] Read more
Market struggles to identify size of China’s corn stockpile
More questions are being asked about the size of China’s usable corn stocks and how quickly they will be drawn down. The big story in the past two years was the Chinese government’s decisions to: stop price supports and move to a market orientation stop government buying and stockpiling create a 10 percent ethanol content […] 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 low Alberta fed steer prices established new annual lows last week, while Ontario prices traded […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$42.61 per hundredweight March 23, down from $47.18 March 16. U.S. hogs averaged $52.96 on a carcass basis March 23, down from $57.26 March 16. The U.S. pork cutout was $72.64 per cwt. March 23, down from $74.30 March 16. The estimated U.S. […] Read more
Canola market hunkers down ahead of report
Winnipeg – The ICE Futures Canada canola complex finished mostly lower, as traders positioned themselves ahead of tomorrow’s USDA planting intentions report. Spreads were narrowing in too, particularly the July/November set. Losses in United States soybeans weighed on prices. Ideas that canola acreage will increase this spring were bearish for canola. The recent blanket of […] Read more
Canola ends mixed, soy down
Winnipeg (CNS Canada) – The ICE Futures Canada canola complex ended mixed on Tuesday, with the nearby May contract propped up by the Canadian currency while the more-deferred contracts sank in sympathy with U.S soybeans. Farmer hedges were a feature of the day’s activity and put pressure on prices, according to a trader in Winnipeg. […] Read more
High yields in Brazil’s Matopiba region signal positive soy crop bias
PALMAS (Reuters) – Soy yields in Brazil’s new agricultural frontier Matopiba indicate a positive bias for the country’s soy crop this season, analysts at Agronconsult said as they concluded a private crop tour in the region last week. “It was an atypical year for Piauí, the best crop they ever had,” Gildomar Lindemann, Agroconsult analyst, […] Read more
Canola starts week firmer
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Monday, as supportive chart signals kept speculators on the buy side to start the week. Gains in Chicago Board of Trade soyoil futures and a softer tone in the Canadian dollar were also supportive, according to participants. However, CBOT soybean futures were down […] Read more
