Markets
Somewhere, somehow, farmers have found more than two million extra acres for the 2017 crop production season, according to Statistics Canada. That will allow farmers to boost canola acres to a stunning 22.4 million, expand Manitoba soybean acres to 2.2 million and raise oat acres 20.6 percent to 3.4 million — all while allowing them […] Read more
Markets
Canadian mustard acres feeling squeeze from canola
Winnipeg, April 27 (CNS Canada) – After growing the largest mustard crop in more than a decade in 2016, the supply/demand fundamentals should see fewer Canadian mustard acres in 2017. And with more cropland moving into canola, mustard acreage increases may be limited in future years when supplies are tight again. The 2016 Canadian mustard […] Read more
CME cattle rally to 1-year peak as cash prices surge
CHICAGO, April 27 (Reuters) – Chicago Mercantile Exchange live cattle surged to contract highs on Thursday and closed up the daily limit in most contacts on stronger-than-expected cash markets and robust demand for beef, traders said. The front-month contract hit a 13-month peak as the market closed higher for the fifteenth time in 16 sessions. […] Read more
Snow trumps Stats Can report
A second snowfall on the Prairies this month provided support to canola prices even as farmers planned to seed a record acreage. The snow and rain that fell during Easter weekend and again April 23-24 increased worries that farmers will be under extreme time pressure this spring, especially those who have yet to harvest crop […] Read more
Canadian lentil quality issue of contention with buyers
Canada’s lentil industry is again facing customer complaints about the unpredictable quality of its shipments. Stat Publishing reports that overseas buyers are unhappy with inconsistencies in Canada’s green lentil exports. “Some traders believe over half of the country’s exports have been subject to quality claims because of wide variation in the No. 2 grade fraction,” […] Read more
U.S. March feedlot cattle placements carve new monthly high
CHICAGO (Reuters) — American cattle ranchers in March placed 11 percent more cattle into feedlots than a year ago, the U.S. Department of Agriculture reported last week, which topped analysts’ forecasts and notched a record high for the month. In March, packing plants paid feedlots more money for cattle, which enhanced feedlot profits enough for […] Read more
WP livestock report
Hogs fall again Hog supply remains at a surplus to demand and prices continued to weaken. The U.S. national live price average for barrows and gilts was US42.80 per cwt. April 21, down from $44.33 April 14. U.S. hogs averaged $53.41 on a carcass basis April 21, down from $56.04 April 14. The U.S. pork […] 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. Tight supply lifts price Alberta fed steers on average fetched $175.05 per hundredweight, up $2.97, and heifers […] Read more
Algeria’s goal for self-sufficiency in durum a stretch
Attempts by Canada’s top durum customer to end imports of the crop have fallen short of the mark. Algeria has stated that it will become self-sufficient in durum production by 2019. The government hopes to achieve that goal by boosting the amount of land under irrigation to five million acres. Algeria’s agriculture department is paying […] Read more
VIDEO: Canada’s agricultural markets update – April 26, 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.
