Markets
VANCOUVER — Pent up demand and poor growing conditions should result in a tight green lentil market this year, say analysts. Marlene Boersch, managing partner with Mercantile Consulting Venture, said some demand went unfilled last year due to severe quality problems with the Canadian crop. “We have a little bit of catch-up demand for Canadian […] Read more
Markets
Green lentil price outlook strong
WP livestock report
Hogs little changed The U.S. national live price average for barrows and gilts was US$68.30 per hundredweight July 14, up from $67.67 per cwt. July 7. U.S. hogs averaged $86.40 on a carcass basis July 14, up from $86.34 July 7. The U.S. pork cutout was $104.48 per cwt. July 14, slightly down from $104.96 […] Read more
Market Notes
Harvest resumes in Russia, Ukraine MOSCOW/KIEV (Reuters) — Russia and Ukraine are harvesting wheat after rain caused delays. Wheat yields are strong in Russia and lower in Ukraine, analysts and traders said. SovEcon upgraded its Russia forecast to 72.9 million tonnes, down slightly from 73.3 million in 2016. Last week the U.S. Department of Agriculture […] 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 edge higher The fed steer weighted average was $144.17 per hundredweight, up 92 cents. There […] Read more
Heat and drought rewriting 2017 wheat story
(Editor’s note: the print version of the story has incorrect information about the amount of rain in Saskatchewan. The story has been corrected here.) My car thermometer hit 38 C July 16 as I drove an area around Moose Jaw, Sask., although Environment Canada said the official high was 34.9 C. Whatever it was, it […] Read more
VIDEO: Canada’s agricultural markets update – July 19, 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.
U.S. company buys maker of French’s Mustard
LONDON, July 19 (Reuters) – U.S. spices maker McCormick & Co Inc has won the battle to buy Reckitt Benckiser Group’s North American food business, paying a higher than expected $4.2 billion to add extra seasonings and sauces. London-listed Reckitt said in April it was reviewing options for the unit, which includes French’s mustard and […] Read more
Analyst’s Prairie tour sees wide crop variability
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 yields 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
Australian drought pushing wheat outlook down
SYDNEY, July 17 (Reuters) – Australian wheat production is on course to miss official forecasts by more than 20 percent as dry weather crimps yields in the world’s fourth-largest exporter, exacerbating fears of tightening global supplies. That would put production near 20 million tonnes, down from the official forecast from June of 24 million. The […] Read more
Quiet day for grain on Monday
After last week’s drama, grain markets had a relatively quiet day Monday. “Things have stabilized and we rebounded a bit (on Friday),” said Ken Ball, a broker with P.I. Financial. “It was surprisingly quiet today.” Last week saw a sharp selloff in numerous markets, as some projections of possible rainfall for the U.S. Midwest later […] Read more
