Markets
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
Markets
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
IGC trims 2017-18 global corn and wheat crop forecasts
LONDON, June 29 (Reuters) – The International Grains Council on Thursday trimmed its forecasts for the 2017-18 global corn and wheat crop. “A number of regions have experienced unfavourable weather in recent weeks and some crops forecasts are being revised lower, including the United States and the European Union,” the IGC said in a monthly […] Read more
StatsCan – Oilseeds jump higher in seeded area report
Canadian farmers say they favoured oilseeds as they wrapped up planting the 2017 crop, according to a survey by Statistics Canada. The report issued Thursday morning pegged canola area at 22.837 million acres, at the high end of the trade’s range of expectations. The area is 12.1 percent more than last year. It will be […] Read more
VIDEO: Canada’s agricultural markets update – June 28, 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.
Spring wheat soars 3.2% on hot weather forecast, canola also rises
Weather reports that predict hot weather for the northern plains next week drove spring wheat futures to fresh multi year highs on Wednesday. Most traded September Minneapolis wheat soared 3.2 percent. Canola also rose even as the Canadian dollar jumped higher. WATCH THIS WEEK’S VIDEO CROP MARKET UPDATE FOR MORE ON THE WEATHER AND ITS […] Read more
CME live cattle up on bargain buying after selloff
CHICAGO, June 28 (Reuters) – Chicago Mercantile Exchange live cattle futures settled higher on Wednesday after bargain buying and short-covering offset early-session selling following Tuesday’s heavy losses, said traders. They said discounts in deferred months to this week’s expected cash prices contributed to market advances. June, which will expire on Friday, closed 0.650 cent per […] Read more
Canada tightens inspections of imported Brazil meat
By Rod Nickel WINNIPEG, Manitoba, June 28 (Reuters) – Canada has stepped up inspections on imported meat from Brazil to temporarily check every shipment following a corruption investigation involving Brazil’s health inspectors, the Canadian Food Inspection Agency (CFIA) said. The new protocols, which started on April 10, involve full inspection of all Brazilian meat imports […] Read more
