Markets
CAPE TOWN (Reuters) – Poor rains and crop infestations in southern Africa are threatening deeper hunger across the region, with millions of people, particularly children, at risk, the UN’s World Food Programme (WFP) said on Friday. “Given that the region has barely emerged from three years of very damaging El Nino-induced drought, this is a […] Read more
Markets
World Food Programme warns of deeper hunger across southern Africa
China traders cancel U.S. corn cargoes on tighter GMO controls, buy from Ukraine: sources
BEIJING (Reuters) – Some Chinese buyers have cancelled corn purchases from the United States and switched to rival supplier Ukraine, as Beijing tightens controls on processing genetically modified strains of the crop, three trade sources and an analyst told Reuters. Any prolonged shift by one of the world’s top corn importers would unnerve U.S. farmers […] Read more
Rains in Argentina grains belt provide relief to parched soy, corn
BUENOS AIRES (Reuters) – Rains in Argentina’s central Pampas farm belt on Friday provided relief to the parched soy and corn crops after weeks of drought prompted reduction in harvest estimates, said Eduardo Sierra, a climate expert at the Buenos Aires grains exchange. “The rains are modest, but they arrived just in time to limit […] Read more
Large mustard estimate tough on bids
Ag Canada expecting 371,000 acres, but a much higher estimate prompted users to stop contracting with processors
There is a huge discrepancy in mustard acre projections for the 2018-19 crop year. Agriculture Canada believes the upcoming crop will be a similar size to last year’s crop at 371,000 acres. Chuck Penner, analyst with LeftField Commodity Research, recently told a CropSphere audience that he expects 500,000 to 550,000 acres. It doesn’t sound like […] Read more
Canola subsidies lucrative in N.D.
Canola growers in North Dakota don’t have to worry much about price. Since 2014, a U.S. Department of Agriculture program has guaranteed them a price of US$10.075 per bushel. That equates to C$12.60 per bu., assuming the loonie is valued at US80 cents. The price of canola in North Dakota was below $10.075 per bu. […] Read more
Troubled U.S. winter wheat crop could prompt spring rally
Kansas hard red winter wheat futures jumped higher by about US40 cents a bushel, or 10 percent, in the last week of January on continuing dry weather in the southern U.S. Plains and a weaker U.S. dollar. The rally did not extend to the Minneapolis spring wheat market, but the action in the winter wheat […] Read more
U.S. cattle market booming, but storm clouds looming
PHOENIX, Ariz. — The U.S. beef industry has turned in a stellar performance for the last several years with record profits across all the segments. “It has been a great run,” said Kevin Good of the U.S. market analysis firm Cattlefax. “All segments of our industry have been very profitable, a rare time in our […] Read more
Spring rain vital for struggling U.S. winter wheat crop
The U.S. winter wheat crop is struggling, and there is no relief in sight. In Kansas, only 14 percent of the crop was rated in good to excellent condition as of Jan. 29, down from 51 percent at the end of November. Oklahoma was worse with four percent in the good to excellent categories. The […] Read more
WP livestock report
Hogs rise The U.S. national live price average for barrows and gilts was US$54.57 per hundredweight Feb. 2, up from $54.04 Jan. 26. U.S. hogs averaged $72.59 on a carcass basis Feb. 2, up from $69.15 Jan. 26. The U.S. pork cutout was $81.63 per cwt. Feb. 2, down from $82.78 Jan. 26. The estimated […] 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. Feeder trade slow Feeder cattle trade volumes were light across the Prairies this week. Cold weather hindered […] Read more
