Markets
Canola dipped again on Thursday, weighed down by weaker palm oil and European rapeseed. U.S. markets were closed for Thankgiving. Commercial hedging also weighed on canola, a trader told Reuters. OUTSIDE MARKETS The Canadian dollar edged lower against its U.S. counterpart on Thursday, pulling back from an earlier 10-day high, after domestic data showed retail […] Read more
Markets
Canola dips Thursday in light trade
Wheat protein spreads widen
Protein spreads for spring wheat are raising eyebrows. “They’re awfully wide,” said Brian Voth, president of IntelliFARM Inc. “They’re wider than what we’ve ever seen as long as I can remember, even under the (Canadian) Wheat Board days.” The discount for 12 percent protein is about $1 per bushel below the price paid for 13.5 […] Read more
Lighter carcasses offset cattle slaughter numbers
The Canadian cattle industry is in that sweetest of spots — all sectors are making money. How long that will last is tricky to predict, market analyst Anne Wasko told those at a Nov. 15 Cow-Calfenomics session organized by Alberta Agriculture. The fall calf run was better than expected, feeders are doing well after a […] Read more
StatsCan seeks alternatives to phone surveys
Agency listens to farmers annoyed by phone calls and pursues other data sources, but analysts worry about frequency of reports
If farmers are annoyed by Statistics Canada’s requests to answer surveys, they might be happier in future. But some analysts urge StatsCan to move cautiously if it intends to do fewer farmer surveys. “In terms of making markets work and making price discovery, we have to be very cautious about changing reporting structures and things […] Read more
Sales to China easier if meal improved
I might be presumptuous, but I think China’s capacity for canola imports is better than the pessimistic outlook issued by a major Chinese grain company executive. Felix Muller, head of global soft seeds for COFCO International, last week said China’s imports will likely be capped at about 10 percent above the current level. We’ve reported […] Read more
Crop yields to rise even with climate change
Benefits of higher carbon dioxide levels will offset impact of global warming, an American speaker says at Grain World
Some people peer closely at crop statistics. Others get down on their hands and knees to figure out exactly how many cobs and kernels of corn or heads and kernels of wheat are in a square yard of farmland. Kurt Ahrens does both, and the fanatical crop tour participant gave good news to Grain World’s […] Read moreChinese protein needs hurt canola
Canada’s canola industry needs to dial back its ambitions for exports to China because there’s little chance they will be as large as many hope. That was a repeated message from Felix Muller, head of global soft seeds for Chinese crop trading giant COFCO International. “Demand in China is highly price sensitive,” Muller said at […] 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 LOWER The Canfax weighted average fed steer price was $147.46 per hundredweight, down $1.78, and […] Read more
WP livestock report
HOGS DOWN U.S. hog prices fell as packers slowed buying in advance of a short week because of U.S. Thanksgiving. The U.S. national live price average for barrows and gilts was US$45.69 per cwt. Nov. 17, down from $46.91 Nov. 9. U.S. hogs averaged $56.96 on a carcass basis Nov. 17, down from $59.90 Nov. […] Read more
LIVESTOCK-Fund buying rallies CME lean hog futures
By Theopolis Waters CHICAGO, Nov 22 (Reuters) – Chicago Mercantile Exchange lean hogs settled higher on Wednesday, with support from fund buying and short-covering before the U.S. Thanksgiving Day holiday, traders said. CME livestock markets will be closed for Thursday’s holiday, but resume on Friday at 8:30 a.m. CST and close early at 12:15 p.m. […] Read more
