Markets
There is a good chance Canadian farmers will seed a record large canola crop this spring. It might also for the first time exceed the all-wheat acreage. If so, it would become the undisputed dominant crop in Western Canada. Statistics Canada releases its seeding intentions report April 21. It will be based on surveys with […] Read more
Markets
Canola: the heavyweight champion of prairie crops
China may import less canola
Weakening vegetable oil demand from China could slow the flood of Canadian canola going to that country. “There was certainly talk of them slacking off canola, and that’s exactly what it needs to do to kill some demand,” said Ken Ball of P.I. Financial. Given the record strong pace of exports and domestic crush to […] Read more
WP livestock report
Hogs fall again Ample supply continued to weigh on hog markets. The U.S. national live price average for barrows and gilts was US44.33 per cwt. April 14, down from $47.25 April 7. U.S. hogs averaged $56.04 on a carcass basis April 14, down from $58.17 April 7. The U.S. pork cutout was $74.58 per cwt. […] 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 cattle higher Chicago live cattle futures rallied to an 18 month high, and early cash fed […] Read more
Hedging risk is a good idea even in rising cattle market
Cattle producers are an independent bunch who pride themselves on self-reliance, but many of them would like to be less alone when it comes to risk. The good news is that they have decent hedging options today. The bad news is that today’s market conditions are the exact sort of situation that can cause farmers […] Read more
Large crop may see dropin lentil exports to Turkey
Canadian markets could be squeezed further by Australia’s lentil crop, with harvest forecasts up to triple the previous two years
Turkey is poised to harvest its biggest lentil crop in a decade, which will reduce demand from Canada’s second biggest customer, according to a large importer and processor of the crop. Turkey bought $381 million of Canadian lentils in 2016, which ranks behind only India’s $523 million in imports. So it is an important market […] Read more
Pakistan’s fumigation rule threatens pulse trade
The country gave no advanced notice and hasn’t identified what pest poses a concern that requires fumigation
Just when Canada’s pulse industry got temporary relief on a trade impediment with India, a new one has cropped up with Pakistan. The new director general at Pakistan’s equivalent of the Canadian Food Inspection Agency is de-manding grain shipments be fumigated at origin rather than at arrival as was done in the past. The CFIA […] Read moreICE Canada canola futures rise on weather woes, tight supplies
WINNIPEG, Manitoba, April 20 (Reuters) – ICE Canada canola futures rose on Thursday, hitting a one-month high for the fourth straight day, on concerns about snowy weather in parts of the Canadian Prairies. Northern Alberta, where a significant area of last year’s crop remains unharvested, received heavy snow in the past week. Farmers are reluctant […] Read more
Canada’s resilient dairy sector girds for Trump fight
By Rod Nickel and Benjamin Weir WINNIPEG/SYDNEY, April 19 (Reuters) – For decades, Canada’s protected dairy sector has riled rival exporters from Asia to Europe who resent having limited access to a wealthy consuming nation. But that could change now U.S. President Donald Trump has taken up the cause, trade experts said on Wednesday. Despite […] Read more
CME live cattle futures up 9th straight session
CHICAGO, April 19 (Reuters) – Chicago Mercantile Exchange live cattle futures rose on Wednesday for the ninth consecutive session, and hit a one-year high for a second day in a row, after cash prices exceeded expectations, traders said. April live cattle closed 1.150 cents per pound higher at 127.925 cents, and June up 0.300 cent […] Read more
