Markets
Olymel is spending $8.1 million to upgrade its sausage plant in Quebec. The investment will double the footprint of the plant at La Fernandière to 45,000 sq. feet, the company said. Production should grow to almost 20 million kilograms from 14 million. The work will reconfigure four current production lines and add a fifth as […] Read more
Markets
Olymel expands sausage facility
Day Two –Wheat yield slashed as tour moves to Dakota drought area
By Julie Ingwersen DEVILS LAKE, North Dakota, July 26 (Reuters) – Spring wheat yield prospects in central and northwest North Dakota are down significantly from a year ago following hot, dry conditions during the growing season, scouts on an annual U.S. crop tour said on Wednesday. The Wheat Quality Council tour calculated an average yield […] Read more
Some get rain but heat fried many crops
Crop prices have rallied to a new, higher range, but the volatility within the range has increased as traders react to each changing weather forecast. Prices rose last week as corn entering its reproductive stage in the U.S. western corn belt fried in temperatures in the mid 30s C. They dropped back as cooler weather […] Read more
VIDEO: Canada’s agricultural markets update – July 26, 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.
LIVESTOCK-CME live cattle turn higher on futures’ cash discount
CHICAGO, July 26 (Reuters) – Chicago Mercantile Exchange live cattle contracts on Wednesday pared some recent losses, helped by bargain buying and futures’ discounts to early-week cash prices, said traders. Investors bought August futures and sold deferred months in a trading strategy known as bull spreads. August ended 1.125 cents per pound higher at 114.300 […] Read more
Day One results from North Dakota spring wheat tour
BISMARCK, N.D. (Reuters) — Yield prospects for hard red spring wheat in southern North Dakota were below average following hot and dry weather during the growing season, scouts on an annual crop tour said Tuesday. In the first day of a three day tour, the Wheat Quality Council calculated an average yield for hard red […] Read more
Patchy rain, drought produces mixed bag of crop conditions
After a 4,500 kilometre tour of the Canadian Prairies, Bruce Burnett, director of markets and weather with Glacier FarmMedia, confirmed what many suspect. Crop yield potential in Western Canada is highly variable, and production will be less than in recent high production years. “Variable is the word this year,” he said. Burnett covered large parts […] Read more
Italian labels to create big hassle
Canadian durum on Italian supermarket shelves will probably face discriminatory labelling in early 2018. The country’s agriculture and industry ministers have announced that the government is imposing a country-of-origin-labelling (COOL) scheme on packaged pasta that will require listing the origin of grain and where it was milled. At the same time, Italy’s largest farmers’ organization […] Read more
Durum up, but still behind spring wheat
It took a while, but durum prices are finally catching up to spring wheat prices because of shrivelling North American yield prospects. Durum is grown in the heart of the U.S. drought area of North Dakota and Montana. The hot and dry conditions have taken a heavy toll on the crop. In Canada, reduced acreage […] Read more
Storms in Argentina to slow last weeks of wheat sowing
BUENOS AIRES, July 24 (Reuters) – Storms in Argentina over the coming two weeks will slow the final stages of 2017-18 wheat planting, crop weather experts said on Monday, adding that flooded areas will likely be sown with soy once the moisture evaporates later this year. Argentina’s wheat-planting window ends in August. Heavy rains will […] Read more
