Markets
MOSCOW (Reuters) — Global wheat prices are again under pressure as the production problems in North America are more than offset by the record breaking harvest that Russian farmers are currently gathering. SovEcon, one of the leading agriculture consultancies in Moscow, last week raised its forecast for Russia’s 2017-18 grain exports. Total grain exports are […] Read more
Markets
Russia may set wheat production, export record
Growers need to hone marketing skills to get best price
Farmers have eased into the post-Canadian Wheat Board world far more easily than some warned and others feared. But farmers still have a lot to learn about this evolving market, be-cause even the best and brightest marketers are still working through the complications of western Canadian wheat and barley markets. If farmers don’t boost their […] Read more
Crop tour corn, soybean forecasts similar to USDA
The U.S. Midwest crop tour sponsored by advisory service Pro Farmer last week disappointed market watcher who thought it would provide a much different view of U.S. production prospects than the August U.S. Department of Agriculture report. That report had a surprisingly high soybean crop forecast. But what the tour saw did not deviate that […] Read more
WP livestock report
Hogs sharply lower Packers were getting comfortable with supply heading toward Labour Day plant closures. Cooler Midwest weather is helping hogs gain weight faster. The U.S. national live price average for barrows and gilts was US$54.59 per cwt. Aug. 25 down from $60.02 Aug 18. U.S. hogs averaged $66.73 on a carcass basis Aug. 25, […] 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 fed steer weighted average was $138.53 per hundredweight, down $3.54 and heifers were […] Read more
StatsCan reaction — durum bullish, canola neutral, wheat bearish
WINNIPEG, Aug. 31 (CNS) – The 2016 canola crop has been revised higher by Statistics Canada in its first production estimates for 2017 released august 31. StatsCan raised the 2016-17 production number to 19.6 million tonnes from 18.4 million previously. It pegged the 2017 crop at 18.2 million tonnes, which was in the middle of […] Read more
StatCan durum number smaller than trade expectations
Statistics Canada’s forecast of 2017 crop production was similar to what the trade expected in most crops except durum. Production of most major crops is down significantly from last year because of challenging growing conditions this year, particularly dry weather in southern areas. Durum production at 3.898 million tonnes is down almost 50 percent from […] Read more
VIDEO: Canada’s agricultural markets update – August 30, 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.
Short covering, bargain buying boosts CME hog futures
CHICAGO, Aug 30 (Reuters) – Chicago Mercantile Exchange lean hog futures closed higher on Wednesday after bargain buyers and investors covering short positions reversed Tuesday’s slide to an 8-1/2 month low, traders said. Prior to Wednesday’s session CME hogs had a relative strength index (RSI) reading of 17. An RSI below 30 suggests a market […] Read more
PREVIEW-Year end canola stocks seen dwindling to 4-year low
(A previous version of this story had incorrect data on canola. It has been corrected.) By Rod Nickel WINNIPEG, Manitoba, Aug 30 (Reuters) – Canadian canola stocks were likely the the tightest in four years before the country’s harvest began, while wheat supplies topped those of last year, according to a Reuters survey ahead of […] Read more
