Markets
Analyst thinks production was 19.7 million tonnes, which is below Statistics Canada’s 21 million tonne number
Statistics Canada’s canola production number is too high, and that means tighter carryout and decent prices, says a markets analyst. Marlene Boersch, managing partner with Mercantile Consulting Venture, believes growers produced 19.7 million tonnes of the oilseed, which is below Statistics Canada’s 21.3 million tonne estimate. She believes that will result in 1.5 million tonnes […] Read more
Markets
Significant growth expected in oat processing
Global demand for raw oats looks poised to take a giant leap forward over the next five to 10 years, according to a well-known market analyst. However, that’s unlikely to provide any short-term comfort for Canadian oat growers, who are sitting on large carry-out stocks and selling into a soft market. “We’ve got about a […] Read more
Farmers to cut pea, lentil acres
Expect Canadian pea and lentil acres to drop by 20 to 25 percent this spring, says a market analyst. Chuck Penner, analyst with LeftField Commodity Research, said India is poised to harvest its second bin-busting crop of pulses. The Indian government has targeted 22.9 million tonnes of pulse production in 2017-18, which would be nearly […] Read more
U.S. winter wheat acreage remains stable
We might have found the bottom for how low U.S. winter wheat acreage can fall. Most analysts expected that with disappointing wheat prices, American farmers would again cut their winter wheat seeding in the fall by one to 1.5 percent, even though last year’s crop area was already the smallest since 1909. The range of […] Read more
WASDE fails to surprise
It all adds up to too much. Canola, wheat, corn, soybeans — there is even more of most commodities than expected by the U.S. Department of Agriculture in its monthly reporting. However, most of the grain trade appears to have anticipated the Jan. 12 markets news and built oversupply assumptions into already struggling prices. The […] Read more
WP livestock report
Hogs rise The U.S. national live price average for barrows and gilts was US$53.97 per hundredweight Jan. 12, up from $47.57 Jan. 5. U.S. hogs averaged $69.45 on a carcass basis Jan. 12, up from $64.01 Jan. 5. The U.S. pork cutout was $79.81 per cwt. Jan. 12, up from $79.07 Jan. 5. 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. Fed cattle down slightly Fed steer and heifer prices dropped from last week, with steers trading at […] Read more
Check out risk vs. reward on crop choices
Small profitability for most western Canadian crops and losses for others: that’s the bottom line outlook from Manitoba Agriculture’s farm management team. It highlights the need for farmers to take their production and marketing math seriously in these times of narrow margins. That’s especially true because the underlying risks in many of the crops are […] Read more
China’s farming costs to rise in 2018 as fertilizer prices jump – official
BEIJING, (Reuters) – China’s agriculture production costs are set to rise fairly quickly in 2018, pushed up by higher fertilizer and pesticide prices, an agriculture ministry official said on Wednesday. Domestic urea prices rose 34.0 percent in December on a year earlier and compound fertilizer rose 17.1 percent due to higher raw materials prices […] Read more
Indoor farming startup Plenty eyes rollout in China, Japan
BEIJING, (Reuters) – Ambitious U.S. indoor farming startup Plenty Inc is seeking urban sites for new farms in Chinese cities as part of a global drive to set up high-tech facilities growing organic vegetables in warehouses under banks of LED lights. Matt Barnard, chief executive of the San Francisco-based firm which counts Amazon Inc. […] Read more
