Markets
Statistcs Canada’s March 31 grain stocks report came in as expected for canola, but the all-wheat and durum numbers were smaller than the average of trade forecasts in a Reuters poll. Total canola stocks were down 23.3 percent from the same day a year earlier to 6.6 million tonnes. That was almost spot on the […] Read more
Markets
StatsCan canola stocks as expected, but wheat, durum smaller than trade forecast
CME live cattle up 3rd straight session but off highs
CHICAGO, May 4 (Reuters) – Chicago Mercantile Exchange nearby live cattle futures on Thursday rose for a third straight day, led by bullish market fundamentals before profit-taking pulled contracts from new highs, said traders. June settled 1.250 cent per pound higher at 131.300 cents, and spiked by its 4.500-cent expanded trading limit and a new […] Read more
Sunflowers down, but not out in western Canada
Winnipeg, May 4 (CNS Canada) – Canadian sunflower seedings will be down in 2017, but perhaps not by as much as the official government estimate. Statistics Canada forecast the country’s sunflower area at only 50,000 acres in its planting intentions report. That would be down from 70,000 the previous year and the second-lowest acreage-base of […] Read more
China’s canola demand may rise
Expect an extra one million tonnes of canola demand from China in 2017-18, say two exporters. Two large soybean crush facilities are being converted into canola processing plants and a third could follow suit. Late last year, the Chinese government granted approval for a switch plant located along the Yangtze River in Nantong, China, to […] Read more
Little impact from spike in Black Sea pea output
The 30 percent increase in production over 2016 will be offset by a decline in North American supply, says analyst
There will likely be a dramatic surge in Black Sea pea production this year, but it should not affect Canadian prices that much, says an analyst. APK Inform, a Ukrainian agribusiness consulting firm, is forecasting Ukrainian farmers will plant 926,250 acres of peas, a 57 percent increase over 2016. It is projecting 973,000 tonnes of […] Read more
Consumers developing hunger for meat again
Much is made of the growth of vegetarianism in North America, but domestic meat consumption data indicates that most people in Canada and the United States still have a taste for beef, pork and poultry. Jim Long of Genesus Genetics, a pig genetics company, often has interesting observations about the pork industry around the world. […] Read more
Organic crops poised to take off, says official
Strong demand from American food manufacturers is fuelling the switch from conventional to organic production
The Prairie Organic Grain Initiative has released statistics for 2015 and while there was no growth in organic acres that year there will be in the future, says the association. The 1,342 primary producers in the prairie region seeded 1.41 million acres in 2015, which is about the same amount as the previous year. In […] Read more
Spring harvest creates blending opportunity
Selling durum with high mycotoxin levels is neither the most pleasurable marketing exercise for Saskatchewan grain growers, nor the most profitable. However, with spring seeding underway, it’s a good feeling nonetheless to get bins cleaned out and to find a home for high-vomitoxin grain that’s using up valuable storage space. Jason Skinner, manager of North […] Read more
U.S. hard red winter wheat battered by snow, rain
A major spring blizzard hit the hard red winter wheat region of the United States southern plains on the weekend causing snow and frost damage. July Kansas hard red winter wheat futures rallied more than 6.5 percent on May 1. That rally helped push Minneapolis spring wheat July futures up about two percent. The extent […] Read more
WP livestock report
Hogs level out After many weeks of lower prices, U.S. cash hogs bottomed out on hopes that the usual seasonal tightening of supply has begun. The U.S. national live price average for barrows and gilts was US43.25 per cwt. April 28, up from $42.80 April 21. U.S. hogs averaged $56.21 on a carcass basis April […] Read more
