Markets
Soybean acres in Western Canada jumped a phenomenal amount this year, rising to to 3.1 million in 2017 from 1.8 million in 2016. But acres will likely shrink in 2018 because soybean yields were below average in Manitoba and awful in Saskatchewan. Dennis Lange, Manitoba Agriculture soybean and pulse expert, holds that opinion, He projects […] Read more
Markets
Low soybean yields may discourage growers
China to subsidize grain transportation, storage
BEIJING (Reuters) — China plans to subsidize grain transportation and storage facilities in the latest push by Beijing to modernize the world’s largest agriculture sector. Beijing will subsidize projects upgrading or building facilities to load and receive grains along main railways and ports for major waterways including the Yangtze and Pearl rivers, a document issued […] Read more
Oil, meal touted in China talks
Canada’s canola marketers are talking up the crop’s unique oil benefits and better-than-assumed meal benefits in China. The Canola Council of Canada has been holding seminars about canola oil and meal with Chinese processors and nutritionists. As well, it has held what it called a “canola dialogue” in Beijing. The canola council hopes it becomes […] Read more
WP livestock report
HOGS DOWN Packers were cautious buyers while they waited to see the U.S. Thanksgiving demand for pork. The U.S. national live price average for barrows and gilts was US$44.17 per hundredweight Nov. 24, down from $45.69 Nov. 17. U.S. hogs averaged $57.10 on a carcass basis Nov. 24, down from $56.96 Nov. 17. The U.S. […] 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 Canfax weighted steer average was $149.96 per hundredweight, up $2.50, and the heifer […] Read more
Trade expects StatsCan will raise canola, wheat estimates
By Rod Nickel WINNIPEG, Manitoba, Nov 30 (Reuters) — A poll of the trade shows Canadian farmers harvested the biggest canola crop on record, slightly larger than was expected in Statistics Canada’s September report. Reuters surveyed 15 traders and analysts ahead of the StatsCan report due Dec. 6. Wheat production is also seen higher than […] Read more
Russia’s winter grain region drier than last year
MOSCOW, Nov 30 (Reuters) – Russia’s winter grain sowings are in a worse condition than a year ago, but snow and rains may help in December, the head of the weather forecaster Hydrometcentre said on Thursday. Russia, one of the world’s largest wheat exporters, harvested a record grain crop this year mostly due to favourable […] Read more
U.S. government confirms it won’t cut biofuel targets
NEW YORK/WASHINGTON, Nov 30 (Reuters) — The U.S. Environmental Protection Agency said on Thursday it will require fuel companies to blend slightly more biofuels into the nation’s gasoline and diesel next year, reversing a previous proposal for a small cut. The concession comes after Midwestern lawmakers and representatives of the corn industry had pressured the […] Read more
VIDEO: Canada’s agricultural markets update – November 29, 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.
Canola edges higher in quiet trade and expectations of good Brazilian crops
There was a modest rebound in Chicago wheat futures and in corn on Wednesday but generally the crop market was quiet. Canola edged higher on a weaker loonie. The trade is balancing its positions ahead of the Statistics Canada production report next week. BRAZIL Brazilian analysts say the improved soil moisture conditions in much of […] Read more
