Markets
WINNIPEG, Sept. 7 – Higher interest rates and a stronger Canadian dollar relative to the American currency is giving Canadian farmers a double whammy. According to Farm Credit Canada’s chief agricultural economist it is a situation farmers will likely have to deal with for at least the remainder of the year. J.P. Gervais said he […] Read more
Markets
Higher Canadian dollar a new reality for rest of 2017
U.S. farmers ponder more soybean acres as corn returns disappoint
DECATUR, Ill. — In the northern hemisphere, the crop is on its way to the bin and with large amounts of it priced and delivery months established, farmers can turn their attentions to 2018. Canadian farmers will largely see positive margins. That is not the case in the United States, where corn and wheat left […] Read more
Canola price limited by global oilseed prospects
Crop markets usually fall to their lowest levels of the year in the August-September period as yield projections firm and combines start to roll in North America. It is too early to say that the lows are in, but with August in the rearview mirror, we might be getting close. The next United States Department […] Read more
Halt to rail loading site closures sought
A Saskatchewan farm organization has called for a moratorium on closing producer car loading sites. The Agricultural Producers Association of Saskatchewan said Canadian Pacific Railway’s decision to close 10 locations leaves farmers at a disadvantage. “Producer car loading is an important source of competition and innovation in Saskatchewan’s agriculture industry,” said president Todd Lewis. APAS […] Read more
Saskatchewan pulse crops coming in ‘just beautiful’
Early misgivings about the Saskatchewan pea and lentil crops have given way to hope and optimism as the harvest rolls in from central and southern fields. While yields for most farmers are only decent, they are better than many had feared following a dry summer. However, quantity is going to be much better than what […] Read more
Virus threatens U.S. wheat crops
CHICAGO, (Reuters) — Kansas, the top U.S. wheat producing state, could face hefty yield losses next year from a virus that cost it nearly six percent of production in 2017, according to a preliminary estimate. Low prices may have deterred farmers from spending money before fall planting to control wheat volunteers that host the disease. […] Read more
WP livestock report
Hogs fall The U.S. national live price average for barrows and gilts was US$50.55 per cwt. Sept.1 down from $54.59 Aug. 25. U.S. hogs averaged $61.95 on a carcass basis Sept. 1, down from $66.73 Aug. 25. The U.S. pork cutout was $84.47 per cwt. Sept. 1, down from $86.41 Aug. 25. The estimated 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 market near low The Canfax fed steer average was $137.60 per hundredweight, down 93 cents. There […] Read more
Diesel could rise further in wake of Harvey
WINNIPEG, Sept. 7 (CNS) – Diesel prices in Western Canada have risen by about six to seven cents a litre since Hurricane Harvey hit the Texas coast, causing many refineries to temporarily close. An analyst of the fuel industry says harvest pressure will likely keep the diesel market from correcting downward, and push prices up […] Read more
VIDEO: Canada’s agricultural markets update – September 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.
