Markets
More beef and pork can be sold into China following an agreement announced Dec. 4 by the federal government, but details are yet to be revealed. The Canadian Meat Council said Canadian bone-in beef, fresh chilled beef and pork products could see expanded access in a deal that could increase exports by up to $100 […] Read more
Markets
China to accept more Canadian meat
Russian port expansions to boost export capacity
MOSCOW, Russia (Reuters) — The expansion of grain export capacity at Russian ports will boost the country’s grain shipments by 30 million tonnes annually from 2022, Russia’s agriculture minister Alexander Tkachev was quoted as saying. Russia is one of the world’s largest wheat exporters and its total grain exports are expected to hit a record […] 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 RISE The average fed steer price was $150.70 per hundredweight, up 74 cents, and heifers […] Read more
WP livestock report
HOGS RISE Cash hogs rose on retail buying for the coming Christmas holiday. However, commodity funds hold a net long position in lean hog, live cattle and feeder cattle futures, leaving the markets vulnerable to bouts of long liquidation. The U.S. national live price average for barrows and gilts was US$46.41 per cwt. Dec. 1, […] Read more
Argentine drought threatens to wallop late-planted corn and soy
CHIVILCOY, Argentina, Dec 6 (Reuters) — Juan Graneros does not remember the last time he saw rain fall on the soy and corn fields he leases in Argentina’s bread-basket province of Buenos Aires, and he and fellow farmers are starting to doubt they can recover investments made in this year’s crops. A drought that set […] Read more
Canola futures hang on even as crop gets larger
The Statistics Canada canola crop number today was bigger than expected, but the January contract price dropped less than $2 a tonne. Spring wheat futures dropped a little more on a percentage basis but U..S. crop markets were under pressure along with all commodities. TO SEE THE FULL STATSCAN STORY CLICK HERE Commodities on U.S. […] Read more
VIDEO: Canada’s agricultural markets update – December 6, 2017
D’Arce McMillan, The Western Producer markets editor, monitors trends in the North American and global agricultural markets. Each week he hosts a market video about crops. The video is designed to help viewers understand the forces responsible for changes in the trade. If agricultural markets are important to you, we have you covered.
Statistics Canada sees surprisingly big canola, wheat harvests
WINNIPEG, Manitoba/OTTAWA, Dec 6 – Canadian farmers harvested larger crops than expected this autumn, reaping record-large canola output and surprisingly big wheat and durum crops, a Statistics Canada report showed on Wednesday. Dry weather in some areas in the summer and a late harvest in Western Canada made the size of crops in the world’s […] Read more
StatsCan canola estimate higher than expected
Dec 6 — Statistics Canada’s crop report issued today put the canola crop at a new record of 21.3 million tonnes. That was higher than what the trade expected. The canola, spring wheat and durum numbers are higher than forecast in the agency’s September report that was based on models and remote sensing. Today’s report […] Read more
Canola rises again on dry Argentina
Canola futures rose Tuesday with continuing support from soybeans, that were lifted by concern about dry weather in Argentina. January soybeans rose to close above US$10 a bushel for the first time since Oct. 16. Traders in Canada were waiting in anticipation for Statistics Canada’s final crop report of the year issued tomorrow morning. Watch […] Read more
