Markets
Winnipeg, June 29 (CNS Canada) – The Indian government appears poised to extend the June 30 deadline and further delay implementation its fumigation policy that would have serious implications for the Canadian pulse sector. The requirement for all countries including Canada to fumigate all pulse shipments to India with methyl bromide before they leave port […] Read more
Markets
India ready to extend fumigation exemption: memo
Richardson buys European Oat Millers
WINNIPEG (Reuters) — Richardson International has bought European Oat Millers in a deal that expands its geographic reach. The deal closed on June 15 and the parties did not reveal financial details. Both are privately owned. Richardson intends to increase manufacturing capacity of European Oat Millers, which is based in Bedford, England, and is the […] Read more
Feedlot placements reach 10 year monthly high
CHICAGO (Reuters) — U.S. ranchers during May drove 12 percent more cattle into feedlots than a year earlier, the most for the month in a decade, the U.S. Department of Agriculture reported June 23, topping average predictions. Higher cattle prices paid by packers last month generated more profits for feedlot operators, allowing them to buy […] Read more
Durum rally potential limited by large carry-in stocks
REGINA — There might be a strong rally in spring wheat, but durum prices have not followed as high because plenty of durum is available, said Marty Langton, senior trader at Viterra. “We’ve come off of record production pretty much everywhere around the world,” Langton said at the FCC Farm Progress Forum during Canada’s Farm […] Read more
Spring wheat premium over corn near historical high
We hope you will turn to our website for coverage of the seeded acreage re-ports from Statistics Canada and the U.S. Department of Agriculture this week. They occur June 29 and June 30, after our deadline. There is always potential for surprise in these reports, but if they show numbers similar to what the trade […] Read more
Rain on its way but dry fall to come: forecaster
REGINA — World Weather Inc.’s Drew Lerner predicts a slightly wetter bias for much of the Prairies in July, followed by a warmer and drier than normal fall. Lerner provided his summer-to-fall forecast to a crowd of hundreds at Canada’s Farm Progress Show in Regina last week. He said two flow patterns are driving prairie […] Read more
Time to put wheat money in the bank?
It is time to price a portion of this year’s spring wheat crop, say analysts. “We’re getting close to where this thing could top out,” said Bruce Burnett, director of markets and weather with Glacier FarmMedia June 26. “This rally has far exceeded my expectations.” John Duvenaud, analyst with Wild Oats Grain Market Advisory, agreed […] 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 $156.55 per hundredweight, down $4.24, and heifers were […] Read more
WP livestock report
Hogs still strong Hog and pork prices rose again, which was in keeping with the usual seasonal strength but also a little higher than expected. Wholesale pork prices tend to top out around late June after retailers fill inventories for U.S. Fourth of July holiday grilling advertisements. U.S. pork in cold storage was down .5 […] Read more
Cheese wrangle holds up CETA
BRUSSELS, Belgium (Reuters) — Disputes over cheese and pharmaceuticals are holding up the start of a European Union-Canada free trade agreement that both sides have championed as a landmark deal for open markets against a protectionist tide. The Comprehensive Economic and Trade Agreement has received all the clearances required for it to enter force provisionally, […] Read more
