Markets
Drought in Spain will reduce Canada’s competition in an important durum market. Spain had an unusually hot and dry spring, which hampered crop development, according to a United States Department of Agriculture report. “The combination of limited water supplies, warm spring temperatures and windy conditions in some areas has provoked plants’ hydric stress and is […] Read more
Markets
Spanish drought may yield market opportunities
Durum industry awaits ruling on Italian pasta labels
Officials representing the Canadian durum industry have returned from Europe where they met with European millers, pasta makers and trade groups to express concerns over an Italian plan to introduce country-of-origin labels on pasta products sold in Italy. Italy is often the top export destination for Canadian durum. Cereals Canada president Cam Dahl said meetings […] 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 prices up Western Canadian fed prices rose for the first time in four weeks, catching up […] Read more
WP livestock report
Hogs rise Seasonally tight supplies caused packers to compete for supply, lifting hog prices. U.S. hogs averaged US$76.61 on a carcass basis June 9, up from $72.98 June 2. The U.S. pork cutout was $92.45 per cwt. June 9, up from $91.40 June 2. The estimated U.S. weekly slaughter for the week to June 10 […] Read more
Strong demand supports feed barley price
Winnipeg, June 15 (CNS Canada) – Feed barley bids remain well supported in Western Canada, as solid demand and reluctant farmer selling keep the market underpinned heading into the summer months. “There is pretty decent demand. I’d say higher than average for this time of year,” said Brandon Motz, sales manager with CorNine Commodities in […] Read more
Huge grain supply dampens impact of USDA report
CHICAGO, Ill. (Reuters) — The U.S. Department of Agriculture’s crop reports, which often provide huge shocks to the market, have been met by a shrug this year, with price moves and volume muted by the massive global supply of grains. For example, the USDA’s monthly supply and demand report June 9 slightly raised its forecast […] Read more
Enlist corn market widens as China grants approval
June 14 (CNS Canada) – China’s decision to allow imports of Enlist corn will provide a new option for Canadian corn growers. “I guess the big thing is that farmers are usually receptive to technology that will help them on their farms,” said Myron Krahn, president of the Manitoba Corn Growers Association. “It’s another tool […] Read more
VIDEO: Canada’s agricultural markets update – June 14, 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.
CME live cattle tumble by 3-cent price limit
CHICAGO, June 14 (Reuters) – Chicago Mercantile Exchange live cattle nearby contracts on Wednesday finished down their 3-cents-per-pound daily price limit, hit by fund liquidation and lower preliminary cash prices, said traders. June and August closed limit down at 124.500 cents and 117.875 cents, respectively. Both contracts ended below their respective 40-day moving averages of […] Read more
Hogs rebound as U.S. wholesale pork hits 2-year high
CHICAGO, June 13 (Reuters) – Chicago Mercantile Exchange lean hog futures jumped as much as 2 percent on Tuesday, rebounding from losses in the previous session on support from sharply higher wholesale pork prices, traders and analysts said. Prices for U.S. pork extended gains to the highest levels in more than two years, according to […] Read more
