Markets
Winnipeg, (CNS Canada) – The ICE Futures Canada canola complex plunged on Friday as steep losses in U.S. soybeans and strength in the Canadian currency pointed the way lower. Canola was pressured by losses in U.S. soyoil and farmer selling. Yesterday’s bearish USDA report also dragged on the market as the agency predicted U.S. […] Read more
Markets
Canola free-falls amid widespread pressure
Options called ideal marketing tool
An ag risk management consultant says they help manage the markets without knowing where prices are heading
ANAHEIM, Calif. — Dave Fogel knows one surefire way to navigate through all the dizzying array of market advice: don’t believe any of it. “Nobody knows where price is going, and I think you’ll find if you want to get on board with that, then marketing starts getting easier,” he said. The good news is […] Read more
USDA forecasts mostly fall, but market doesn’t rise much
Canola fell on news that American soybeans are in ample supply and Brazil’s crop still looms large. The USDA supply and demand report for March told a tale the market was mostly ready for. Corn was the winner for the day, with nearby futures prices on Chicago rising to match the high-point for the year, […] Read more
VIDEO: U.S. farmers worry about trade war with China
ANAHEIM, Calif. — The segment of the electorate largely credited with bringing U.S. President Donald Trump to power is not thrilled with his trade policy. Farmers do not like his approach to the North American Free Trade Agreement, the Trans-Pacific Partnership or his strong-arm tactics with China. The latest kafuffle came last week when Trump […] Read more
New duty not hard hit
An increase in India’s chickpea levies made big news last week, but the bulk of Canadian acres weren’t affected. However, that doesn’t mean it isn’t a problem. The levy went to 30 percent without notice in December, 40 percent in February and now 60 percent. It appears to affect only desi chickpeas. “As we understand […] Read more
Crop prices rally on drought concerns
Dry weather in Argentina and in the southern U.S. Plains has turned up the heat in the grain market, and prices through February bubbled higher. The Argentina situation has the more immediate impact because the soybean and corn crops there are in yield setting mode and are advancing toward harvest, while the U.S. winter wheat […] Read more
Low protein problems rattle soybean growers
Chinese soybean imports, 2015-16:
Exporting million Percent ofcountry tonnes total imports U.S. 28.90 35 .0 Canada* 1.78 2.1 Total 83.32 100.0 Farmers love growing soybeans, and why not? They’re easy to grow and easy to sell. That’s been true up until now, but what if that changed? There are early signs that it might stop being so easy to […] Read moreCanfax 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. Active fed trade Alberta direct cattle sales saw active trade last week, and the market tone was […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$49.25 per hundredweight March 2, down from $49.98 Feb. 23. U.S. hogs averaged $62.29 on a carcass basis March 2, down from $62.63 Feb. 23. The U.S. pork cutout was $78.11 per cwt. March 2, down from $79.48 Feb. 23. The estimated U.S. […] Read more
Crop wreck that would save markets not likely this year
ANAHEIM, Calif. — Farmers should not count on Mother Nature to lift grain markets out of the doldrums in 2018, says a weather expert. Bryce Anderson, DTN’s agricultural chief meteorologist, said the weather cycle will likely move from a weak La Nina phase to a neutral phase by mid-spring and stay that way through summer. […] Read more
