Markets
By Dominique Patton BEIJING, April 28 (Reuters) – A Chinese consumer backlash against genetically modified (GMO) crops is beginning to dent demand for soy oil, the nation’s main cooking oil, and could spell crisis for the multi-billion-dollar crushing industry, which depends on GMO soybeans from the United States and elsewhere. The effects on import demand […] Read more
Markets
Crushing blow? Chinese grow wary of GMO
Less lentils, more flax: farmer survey
Flax acres are forecast to rise 19 percent, while a 25 percent drop in lentil acres surprised many analysts
Canadian pulse crop seeding intentions for 2017 are down more than analysts expected but in line with what the trade was thinking. According to Statistics Canada’s March survey of 11,600 farmers, growers plan to seed 4.39 million acres of lentils, down 25 percent from last year, and 3.99 million acres of peas, a six percent […] Read more
Canola, soybean acres surge in seeding estimates
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
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
