Markets
How the heck can farmers hedge loonie exposure when there’s no general consensus on where it’s heading? That’s what you could have thought after hearing Todd Hirsch of ATB Financial tell the Canola Council of Canada’s annual convention that currency traders expect to see the loonie in the next year go anywhere from US62 to […] Read more
Markets
Hedging should be based on farm risk, not analyst forecasts
WP livestock report
Hogs drift lower U.S. hog prices weakened again , but the decline was less than the previous week when values dropped in the face of looming supply increase. The downside of the market is limited by still strong U.S. pork exports. The volume of January pork exports was up 21 percent from a year ago. […] 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 rise The fed steer weighted average was $163.54 per hundredweight, up 32 cents, and heifers […] Read more
World population forecast discounted
Farm production goals are based on the world’s population reaching 9.7 billion in the next three decades, but the head of Ipsos Public Affairs says there’s no way that’s going to happen
It’s become a mantra in Canada’s agriculture industry and is repeated at nearly every farm meeting: “Farmers have to dramatically increase production because the global population will soon hit 9.7 billion.” Darrell Bricker, chief executive officer of Ipsos Public Affairs, a research firm, thinks that mantra is bogus. The world’s population will in-crease over the […] Read moreCattle futures jump on gains in cash prices, wholesale beef
CHICAGO, March 15 (Reuters) – Chicago Mercantile Exchange live cattle futures rose about 1 percent on Wednesday, rebounding from declines in the previous session on the back of higher cash cattle trades in the southern U.S. Plains, traders and analysts said. Beef packers paid higher values for cattle to take advantage of big profit margins […] Read more
VIDEO: Canada’s agricultural markets update – March 15, 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.
Favourable weather boosts hopes for Russia, Ukraine grain crops
MOSCOW/KIEV, March 15 (Reuters) – Favourable weather ahead of spring sowing in Black Sea grain producers Russia and Ukraine is boosting hopes of a large harvest, analysts, officials and traders said, although it will likely fall short of last year’s record. Spring grain sowing in Russia, one of the world’s largest wheat exporters, started a […] Read more
China seen importing 3 mln T of pork in 2017
SINGAPORE, March 14 (Reuters) – China is likely to import about three million tonnes of pork in 2017, similar to last year’s level despite rising domestic production, a senior industry official said on Tuesday. “Global prices are still attractive for importing pork into China,” Juhui Huang, Shanghai-based vice president of Brazilian food conglomerate BRF SA […] Read more
U.S. soy acres seen at 88.8 mln, corn 90 mln -survey
CHICAGO, March 14 (Reuters) – U.S. farmers will expand their plantings of soybeans by 6.5 percent in 2017 while scaling back on corn and wheat, according to a survey of growers released on Tuesday by Illinois-based research and brokerage firm Allendale Inc. Allendale’s survey of farmers in 33 U.S. states said plantings of soybeans would […] Read more
Canadian durum lacks momentum ahead of competing harvests
Winnipeg, March 14, 2017 (CNS Canada) – Canadian durum prices are at a standstill as the market looks to upcoming production, while domestic crops act as a “wildcard,” one Winnipeg-based analyst says. “The durum market is certainly quiet right now. We’re kind of in that period where we’re in a lull,” said Jerry Klassen, manager […] Read more
