Markets
OTTAWA, Sept 19 (Reuters) – Wheat production in Canada fell by 14.5 percent in 2017 compared to 2016, according to a Statistics Canada report based in part on satellite and agroclimate data. The report, released on Tuesday, also said oat production grew by 19 percent while barley production fell by 16.8 percent. Canola production was […] Read more
Markets
Canada wheat production down, according to new StatsCan analysis
Hog futures ease on big U.S. supplies, spreading
CHICAGO, Sept 18 (Reuters) – Chicago Mercantile Exchange lean hog futures were mostly lower on Monday, pressured by bear-spreading and big U.S. supplies that continued to weigh on cash markets, traders said. The front-month October hogs contract notched the biggest declines, easing 0.975 cent, or about 1.7 percent, to settle at 60.000 cents per pound. […] Read more
Canola futures static but demand starting to rise
Canola futures edged higher again on Friday, but over the week they posted a slight loss. The November contract closed at $489.10, up 50 cents. Over the week, it fell 60 cents. Harvest pressure continues to weigh down canola prices, but demand is starting to rebuild now that new crop is entering the commercial system. […] Read more
Baltic Dry Index hits three-year high
Winnipeg, Sept. 12 (CNS Canada) – The Baltic Dry Index has seen some strength over the past two months, rising to its highest levels in nearly three years. The BDI settled at 1,355 points on September 11, having gained roughly 500 points over the past two months. The index was last this high in November […] Read more
Near record farmer canola deliveries: CGC
Winnipeg, Sept. 15 (CNS Canada) – Canola remains the cash-flow king of the Prairies, with farmers making near-record deliveries off the combine, according to the latest Canadian Grain Commission weekly report. A total of 627,000 tonnes of canola were delivered into the commercial system during the week ended Sept. 10, which would mark the third […] Read more
Growing market in China gives Canadian oat sector hope
North American demand for feed oats is steadily falling. Chinese demand for food-grade oats is steadily rising. The question is whether Canada can access the market in China soon enough to prevent the final collapse of the oat empire on the Canadian Prairies. That’s something Oatinsight analyst Randy Strychar is pondering as he looks at […] Read more
New U.S. duties on biodiesel will create void
If the U.S. plans to fill the gap created by slamming the door on Argentina and Indonesia, it may need Canadian canola
A biodiesel dispute involving the United States and other countries could end up boosting demand for Canadian canola oil, depending on how it plays out, says an analyst. The U.S. Commerce Department has issued preliminary countervailing duties against biodiesel from Argentina and Indonesia. Preliminary determinations from the companion antidumping investigation are expected in October. The […] Read more
Trump’s tiff with South Korea may benefit Canada
President threatens to tear up trade deal with South Korea, which gives American beef and pork preferred treatment
Canada, struggling to compete in the South Korean meat market behind the United States and Australia, could take a leap forward if U.S. President Donald Trump carries through on threats to tear up the U.S.-South Korea free trade deal. Trump thinks the five-year old agreement is unfair to the United States because the Asian country’s […] Read moreDrought sends mustard production in steep decline
Mustard production projected by Statistics Canada shows a decline of almost 50 percent from a year ago. However, Richard Marleau, chair of the Saskatchewan Mustard Development Commission, said the numbers could have been far worse. Mustard is grown mainly in southern Saskatchewan and southern Alberta, two areas hit hardest by drought. That accounts for most […] Read more
Cattle futures weaken on technicals after 2-week high
CHICAGO, Sept 14 (Reuters) – U.S. live cattle futures eased slightly in a technical selloff on Thursday after prices earlier notched a two-week high, traders said. Lean hog futures also were mostly lower, sagging under pressure from abundant supplies and declines in cash markets, while feeder cattle were modestly higher at the Chicago Mercantile Exchange. […] Read more
