Markets
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
Markets
Canadian lentil quality issue of contention with buyers
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 $2.97, and heifers […] Read more
Algeria’s goal for self-sufficiency in durum a stretch
Attempts by Canada’s top durum customer to end imports of the crop have fallen short of the mark. Algeria has stated that it will become self-sufficient in durum production by 2019. The government hopes to achieve that goal by boosting the amount of land under irrigation to five million acres. Algeria’s agriculture department is paying […] Read more
VIDEO: Canada’s agricultural markets update – April 26, 2017
D’Arce McMillan, The Western Producer markets editor, monitors trends in the North American and global agricultural markets. Each week he hosts a market video about crops. The video is designed to help viewers understand the forces responsible for changes in the trade. If agricultural markets are important to you, we have you covered.
Higher cash prices propel CME live cattle to 1-year high
CHICAGO, April 26 (Reuters) – Chicago Mercantile Exchange live cattle on Wednesday reached its highest level in a year, ignited by short-covering and futures’ discounts to initial cash prices, traders said. They said bargain buying briefly sent some deferred live cattle months to fresh highs and up their 3.000-cents per pound daily price limit. April […] Read more
C$ slumps to 14-month low after U.S. sets lumber duties
By Alastair Sharp TORONTO, April 25 (Reuters) – The Canadian dollar slumped to a 14-month low against its U.S. counterpart on Tuesday after the United States said it would impose preliminary anti-subsidy duties averaging 20 percent on imports of Canadian softwood lumber. The move sets a tense tone as the two countries and Mexico prepare […] Read more
ICE Canada canola futures dip on profit-taking, later contracts rise
WINNIPEG, Manitoba, April 25 (Reuters) – ICE Canada canola futures mostly fell on Tuesday as investors booked profits, but deferred contracts representing the next harvest edged higher on fears of planting delays. The most-active contract gained about 10 percent in the three-week period ending on Monday, and investors were locking in profits by selling, a […] Read more
Snow, unharvested crop lift canola futures Monday
More snow and rain in parts of the prairies over the weekend and today helped lift canola futures on Monday. Worries are increasing that the amount of overwintered canola that will be fit for crushing is dropping with the poor weather. Also the weather is delaying field work. It will put extreme pressure on those […] Read more
