Markets
This summer’s spring wheat rally has been stunning and exciting, especially if you are a farmer who has some of the crop in the bin or a good crop in the field. It’s more bittersweet if you have a drought-ravaged crop with poor prospects. It’s also been a nostalgic time for veteran crop market watchers […] Read more
Markets
Speculation taking back seat to commercial realities
Japan hikes tariffs on beef
Japan hiked tariffs on frozen beef imports from Canada, the United States and other counties July 28. The tariff rises to 50 percent from 38.5 percent, until next March, Japan’s Ministry of Finance said. The tariff hike is a “safeguard” mechanism to protect domestic farmers. It is the first time it has been triggered since […] Read more
Abandonment might be biggest story in U.S. spring wheat
Last week’s U.S. Wheat Quality Council annual spring wheat tour confirmed crop yields would be lower than usual but maybe not as small as some farmers thought. The tour pegged average spring wheat yield at 38.1 bushels per acre and durum at 39.7 bu. It did not issue a forecast for total production. Wheat yields […] Read more
WP livestock report
Hogs lower The seasonal building of supply weighed down hogs prices. The cash market remains at a premium to the futures. The U.S. national live price average for barrows and gilts was US$65.16 per hundredweight July 28, down from $67.85 July 21. U.S. hogs averaged $80.98 on a carcass basis July 28, down from $83.33 […] 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 down The Canfax weighted average steer price was $142.47 per hundredweight, down $1.55, and heifers […] Read more
Malt barley outlook promising, but harvest quality will be key
Aug. 2 (CNS Canada) – Many questions remain about Western Canada’s malt 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 at least steady for the medium term. While analysts cautioned […] Read more
CME live cattle futures climb on cash price discount
CHICAGO, Aug 2 (Reuters) – Chicago Mercantile Exchange live cattle futures climbed higher on Wednesday, driven by short-covering and futures’ discounts to early-week cash prices, traders said. Buy stops and fund buying enhanced market advances, they said. August ended 1.725 cent per pound higher at 114.525 cents per pound, and October 1.800 cents higher at […] Read more
VIDEO: Canada’s agricultural markets update – August 2, 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.
Chickpea crop likely good quality, but small caliber
Winnipeg, Aug. 1 (CNS Canada) – Hot and dry conditions cut into the yield potential and physical size of Canada’s chickpea crop, but the quality should be excellent and prices remain relatively strong. “It’s anybody’s guess,” said Colin Young, of Midwest Grain Ltd. in Saskatchewan on the overall state of the chickpea crop. He said […] Read more
Chickpeas expected with top quality, lower yields
Hot and dry conditions cut into the yield potential and physical size of Canada’s chickpea crop, but the quality should be excellent while prices remain relatively strong. “It’s anybody’s guess,” said Colin Young, of Midwest Grain Ltd. in Saskatchewan on the overall state of the chickpea crop. He said rainfall was “significantly below average” in […] Read more
