Markets
May canola closed higher on Friday with support from a weaker loonie and stronger soybean oil futures. Other grain futures changed little on the day. May canola closed at $532.60 up $4.20 a tonne. New crop November closed at $512.30 up $3.60. Over the week May rose $15.90 a tonne or 3.1 percent while November […] Read more
Markets
Canola climbs three percent on week
Fallen cash, pork prices slam CME hog futures
CHICAGO, March 3 (Reuters) – Chicago Mercantile Exchange lean hog futures sank more 2 percent on Friday following lower cash and wholesale pork values, said traders. They said worries about a looming supply buildup furthered hog futures losses. April hogs ended 1.525 cents per pound lower at 66.750 cents, and May down 1.350 cents to […] Read more
EU spring barley sowing under way after mild end to winter
PARIS, March 3 (Reuters) – A mild end to winter has helped European Union farmers start sowing spring barley and wetter conditions since last week could boost crop prospects even if rain slows field work. The barley crop area is likely to be adjusted only slightly as farmers weigh up attractive prices for varieties used […] Read more
Slowing lentil exports raise questions about carryout
There is little doubt that 2016-17 lentil carryout will rise, but analysts disagree over how much it will increase or if it even matters. Agriculture Canada sees 425,000 tonnes of carryout at the end of the year, up from 73,000 tonnes last year. The February estimate is down substantially from the department’s January estimate of […] Read more
Honey producers hope prices rise
Canadian honey producers are in a marketing bind. Other countries are grabbing a larger share of the U.S. market, and possibly for the first time ever, Canadian honey is selling at a steep discount to U.S. honey, said Guy Chartier, chief executive officer of Bee Maid Honey, a beekeeper-owned co-operative. “Overall, exports are trending down,” […] Read more
Wheat export goal doubtful, but oilseeds selling ‘hand over fist’
It appears unlikely the grain-handling system will be able to achieve Agriculture Canada’s wheat export target of 16.5 million tonnes. Shipments are 1.9 million tonnes behind last year’s pace through week 29 of the 2016-17 campaign. That does not bode well for meeting an export target that is only 679,000 tonnes lower than last year’s […] Read more
Exporters still hopeful on India pulses
An Indian news service report late last week gave hope that the fumigation deadline that threatens to impede Canada-India pulse trade might be extended again. The Press Trust of India re-ported that a senior agriculture ministry official said Canada’s fumigation exemption might be continued “after looking into our production and import data.” Canadian Agriculture Minister […] Read more
Time is right for sunflower option: analyst
Sunflowers face relentless pressure from the advance of soybeans and corn into their traditional territory, but market adviser Mike Krueger thinks growing the crop might be a good contrarian gamble this year. “If you’re thinking about an alternative, something that might have a niche market that could be good, (you might want to consider sunflowers […] 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. Steers up The Canfax weighted average steer price last week was $160.43 per hundredweight, up $2.09. Heifer […] Read more
WP livestock report
Hogs weaken The rally in hog prices that began in December might have stalled out last week. Lower cash hogs and pork weighed down the futures market, even though the monthly pork in cold storage report came in lower than expected. The U.S. national live price average for barrows and gilts was US$54.42 per cwt. […] Read more
