Markets
Questions remain about Western Canada’s malting barley crop, but many analysts appear to expect at least an adequate harvest. Quality concerns and yield reductions will hit farmers in southern areas, but for those with good quality, prices should remain steady for the medium term. While analysts cautioned that forecasts can still change depending on the […] Read more
Markets
Malting barley outlook promising
Has post-CWB marketing freedom been good for farmers?
Has the Canadian Wheat Board monopoly really been gone five years? For such a revolutionary change in western Canadian wheat marketing, the Aug. 1 “marketing freedom” five-year anniversary passed relatively quietly. Farmers and marketing advisers, whether fierce partisans or neutral stakeholders, looked back on the massive changes to western Canadian wheat and barley marketing wrought […] Read more
Australia sees canola wither away in drought
The Australian Oilseeds Federation’s July crop report forecasts a canola crop of 3.12 million tonnes, down more than a million tonnes from last year’s bumper harvest. The report said extremely dry weather in Western Australia and South Australia meant some seeded fields failed to germinate and were re-seeded to cereals. New South Wales and Victoria […] 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 price stabilizes The Canfax weighted average steer price was $143.01 per hundredweight, up 54 cents from […] Read more
WP livestock report
Hogs lower The cash hog market was lower but still at a premium to the nearby futures. Hog supplies are expected to increase seasonally. The U.S. national live price average for barrows and gilts was US$62.94 per cwt. Aug. 4, down from $65.16 July 28. U.S. hogs averaged $79.82 on a carcass basis Aug. 4, […] Read more
USDA pegs U.S. corn, soybean, wheat crops above trade forecasts
WASHINGTON, Aug 10 (Reuters) – The 2017 U.S. corn and soybean harvests will be bigger than expected despite a slow start to planting and concerns that hot and dry conditions stressed the corn crop during critical periods of development, the government said on Thursday. The U.S. Department of Agriculture’s forecasts for corn yield and production […] Read more
China promotes livestock farming in northeast to digest corn stocks
BEIJING, Aug 10 (Reuters) – China wants to turn its grain basket in the northeast into a national meat and dairy production base, said the agriculture ministry on Thursday, as part of a broader plan to create stronger demand for the region’s main crops. Heilongjiang, Jilin, Liaoning and Inner Mongolia account for around a quarter […] Read more
EU wheat crop showing mixed yields and quality -Strategie Grains
PARIS, Aug 10 (Reuters) – Wheat harvesting in the European Union is showing varied yields and quality, with good results in southeastern states contrasting with a deterioration in countries such as Germany hit by heavy summer rain, consultancy Strategie Grains said. It raised its estimate of soft wheat production in the 28-country EU, to 141 […] Read more
ICE Canada canola futures climb for third straight day
(Reuters) — ICE Canada canola futures climbed today for a third straight session, buoyed by a lack of moisture in parts of the Canadian Prairies and spillover strength from U.S. soyoil values, traders said. November canola rose $5.50 to settle at $511.20 per tonne, and January canola ended up $5.40 at $516.50. Chicago Board of […] Read more
CME live cattle hits 8-month low on cash prices
CHICAGO, Aug 9 (Reuters) – Chicago Mercantile Exchange live cattle futures tumbled to the lowest level in eight months, led by fund liquidation and weaker-than-expected prices for cattle ready for processing, traders said. August ended 2.475 cents per pound lower at 110.000 cents, and October closed 2.550 cents lower at 108.050 cents. Packers in the […] Read more
