MarketsNorth American maltsters have plenty to choose from so bids have dropped more than $1 per bushel since May
A global glut of malting barley is limiting export opportunities for the ample Canadian crop and that is driving down prices, say analysts. Australia harvested 11 million tonnes of barley in 2016-17, which is a record and 28 percent more than the previous year, according to an estimate by the U.S. agricultural attaché. Australia is […] Read more
Markets
Prices down with malting barley glut
Lower carryout sparks wheat rally
WASHINGTON (Reuters) —Wheat futures rallied following a U.S. Department of Agriculture report that cut its forecasts for year-end stocks more than expected. As of Feb. 13 Chicago March futures were the highest since Aug. 23. Gains in Minneapolis spring wheat were less aggressive It pegged U.S. wheat ending stocks for the 2016-17 marketing year at […] Read more
Capital gains changes nixed
The federal government has voted down a private member’s bill designed to ease the tax burden on small business owners, including farmers. New Democratic Party MP Guy Caron had been pushing the Liberals to pass Bill C-274, which would have amended the Income Tax Act so the transfer of a business to a child or […] Read more
China plans wheatprice support reduction, review
China has said it plans to reduce its wheat subsidies and some feel that is the first step towards creating a less trade-distorting system. According to a Reuters story, Han Jun, deputy director of the Office of Central Rural Work, said China will set more “appropriate” minimum state purchase prices for wheat that better reflect […] Read more
Risk management: farmers could learn from insurance companies
Insurance and farming couldn’t be more different, you might think. One is dull as dishwater and the other is a hair-raising, high-stakes continual gamble on the commodity markets. The way they most commonly interact is through the insurance products that farmers can use to mitigate some of the risks they take on every year, whether […] Read more
Pig trotters could help U.K. farmers weather Brexit
Tapping into the lucrative multi-million dollar global market for pigs’ feet, also known as pig trotters, could be a saving grace for agriculture in a post-Brexit United Kingdom, said the chair of Northern Ireland’s Food and Drink Association. If Britain’s department for environment, food and rural affairs changed its stance to allow U.K. processors to […] Read more
Record-setting performance underlines canola’s dominance
Canadian farmers are delivering more canola than wheat to elevators. I believe that has never happened before. Wheat markets in Canada are struggling this year because of poor quality, which helps explain why wheat deliveries are at only 9.04 million tonnes while canola is posting a new record high at 10.96 million. But canola deliveries […] Read more
Canfax report – Feb. 16, 2017
FED CATTLE STEADY Fed steers averaged $156.67 per hundredweight, up 50 cents, while heifers were $156.23. Cold and snow may have contributed to the modest cash offering and discouraged trade interest. Most trade was dressed at $262-$264 delivered. Most delivery times were for one to two weeks out. The Alberta cash-to-futures fed basis weakened moderately […] Read more
WP LIVESTOCK REPORT – Feb. 16, 2017
HOGS RALLY HIGHER Strong demand, rising pork prices and attractive packer margins pushed cash hog prices higher. The U.S. national live price average for barrows and gilts was US$53.50 per cwt. Feb. 10, up from $51.88 per cwt. Feb. 3. U.S. hogs averaged $70.72 on a carcass basis Feb. 10, up from $66.90 Feb. 3. […] Read more
VIDEO: Canada’s agricultural markets update – February 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.
