Markets
Grain Millers, one the largest oat buyers in Western Canada, has quietly announced a $100 million expansion of its plant in Yorkton, Sask. Grain Millers Canada Corp. said in a news release the project would add 80,000 tonnes of production capacity to its mill, where it manufactures a range of conventional and organic oat food […] Read more
Markets
Grain Millers expands Sask. oat plant
WP LIVESTOCKREPORT – March 30, 2017
HOGS LOWER A large number of meat importers stopped taking Brazilian meat because of the bribery scandal, but that did little to raise Chicago hog futures. Cash hog supply was adequate for demand. The U.S. national live price average for barrows and gilts was US$52.34 per cwt. March 24, down from $53.01 March 17. U.S. […] Read more
Canfax report – March 30, 2017
FED MARKETS RISES It was another great week for cash cattle with the Canfax weighted average for steers rising $3.14 to $170.66 per hundredweight and heifers up $3.42 at $169.48. There was strong demand and tight supply. Dressed trade was $3-$6 per cwt. higher than the previous week with sales ranging $285-$288 delivered. U.S. buyers […] Read more
Pulses to India gain fumigation exemption extension
(This story was updated at 10 am CST) It is official – India has renewed the fumigation waver that will allow Canada-India trade in pulses to proceed. India extended the fumigation waiver until June 30, 2017. The June 30 deadline will be based on the bill of lading date, said a news release from Pulse […] Read more
VIDEO: Canada’s agricultural markets update – March 29, 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.
India brings back 10 pct tax on wheat imports
NEW DELHI, March 28 (Reuters) – India on Tuesday imposed a 10 percent import tax on wheat with immediate effect, government sources said, reinstating the tariff after a gap of nearly four months that saw large overseas purchases. The government also imposed a 10 percent tax on pigeon peas, known locally as tur, after a […] Read more
AGT expects Indian fumigation deadline extension
A major player in the pulse crop industry is casting doubt on the Indian government’s report of a bumper harvest. Murad Al-Katib, president of AGT Food and Ingredients, said India is always exaggerating the crop size in an attempt to keep a lid on food price inflation. “India harvests a large crop every year, but […] Read more
Baltic index marks over 2-year highs on improved shipping activity
March 27 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a more than two-year high on Monday supported by firmer shipping demand. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, touched its highest level since November 2014. The […] Read more
Baltic index marks over 2-year highs on improved shipping activity
March 27 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a more than two-year high on Monday supported by firmer shipping demand. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, touched its highest level since November 2014. The […] Read more
May canola fell 4.2 pct this week but demand is strong
May canola futures fell $21.20 a tonnes over the week, on general veg oil crop weakness, technical weakness and talk of order cancelations. But crush and export statistics show demand is still strong and this price collapse could prove to be over done. Weather in Western Canada is expected to be mostly dry and warmer […] Read more
