Markets
A massive new trade deal be-tween Russian and Chinese companies poses a serious threat to Canada’s canola and flax exports, say analysts. Russia’s Export Food Trade company and China’s Sino-Europe Agricultural Development Centre signed a long-term contract March 29 to supply Russian crops to China. Newspapers report that the deal covers soybeans, barley, rapeseed, flax […] Read more
Markets
Russia poses threat to Canadian exports
WP livestock report
Hogs lower again U.S. cash hog markets struggled again with ample supply and rising carcass weighs as weather warmed, allowing faster growth. The U.S. national live price average for barrows and gilts was US47.25 per cwt. April 7, down from $50.25 March 31. U.S. hogs averaged $58.17 on a carcass basis April 7, down from […] 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 market lower The Canfax weighted average steer price was $170.89, down $3.51, and heifers were $167.89, […] Read more
Cattle extend gains on fund buying; hogs ease on pork losses
CHICAGO, April 12 (Reuters) – U.S. cattle futures extended gains on Wednesday, with most live and feeder cattle contracts hitting lifetime highs on investment fund buying as wholesale beef prices also climbed, traders said. The higher cattle prices came despite expectations for weaker trades this week in U.S. Plains cash cattle markets as some beef […] Read more
VIDEO: Canada’s agricultural markets update – April 12, 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.
German 2017 wheat and rapeseed harvests seen up on year
HAMBURG, April 12 (Reuters) – Germany’s 2017 wheat crop will rise by 2.7 percent on the year to 25.26 million tonnes as crops benefited from a warm end to winter, the association of farm cooperatives said on Wednesday. The association forecast Germany’s 2017 winter rapeseed crop would rise 7.1 percent on the year to 4.93 […] Read more
Cattle hit 2-1/2-week highs, hogs gain on fund buying
CHICAGO, April 11 (Reuters) – U.S. live cattle futures jumped to a 2-1/2 week peak on Tuesday while lean hogs were mostly higher on support from investment fund buying linked to big gains in wholesale beef prices, traders and analysts said. Most-active Chicago Mercantile Exchange June live cattle futures gained for the fifth straight session, […] Read more
UPDATE: USDA raises global year end stocks forecast
WASHINGTON/CHICAGO, April 11 (Reuters) – The U.S. Department of Agriculture on Tuesday raised its outlook for global soybean, corn and wheat inventories above traders’ expectations, adding pressure to futures prices already struggling under the weight of massive supplies. However there was not a severe reaction in Chicago futures prices. Corn and soybeans were down less […] Read more
China edible oil surplus weighs down veg oil price, could affect canola market
SINGAPORE/BEIJING, April 11 (Reuters) – Steep falls in Chinese edible oil prices have knocked soybean processing margins deep into negative territory, leading to a likely drop in imports of palm oil by the world’s top oilseed buyer. That could weaken vegetable oil prices generally, which would weigh down canola futures. Higher vegetable oil imports in […] Read more
Australian farmers commit to wheat despite price slump, threat of dry weather
SYDNEY, April 11 (Reuters) – Australian farmers will maintain wheat acreage during the 2017-18 season at a near three-year high, farmers and analysts said on Tuesday – rejecting incentives to plant alternative crops amid low prices and unfavourable weather forecasts. Australia – the world’s fourth-largest wheat exporter – will begin planting wheat crops in the […] Read more
