Markets
Agriculture Canada’s first forecast of 2017 seeded acres sees less durum and lentils and more oilseeds and wheat. “It feels like this is the year where people that have pushed the rotations are going to be wanting to get those back in line,” said Greg Kostal, president of Kostal Ag Consulting. Canola leads the way […] Read more
Markets
Fusarium takes toll on durum
Statistics Canada stocks report backs canola crop estimate
Statistics Canada’s Dec. 31 crop stocks report appears to reinforce its official canola crop production estimate issued in December of 18.4 million tonnes. Arriving at the production number was complicated by the late harvest as producers were still taking off crop when StatCan called for the survey. Some canola will sit in fields until spring. […] Read more
Gov’t supports, private tools link to reduce risk
Government support for farm risk management programs is no less important today than in the 1930s, says a Quebec economist. That’s because “the farm problem” endures and is unlikely to disappear. However, contemporary and future farm risk management programs need to fit with the wealth of private tools that are now widely available. “Government intervention […] Read more
Cattle price discovery needed to reduce risk
NASHVILLE, Tenn. — Only about a quarter of U.S. fed cattle are sold on the cash market, resulting in a lack of price discovery and extreme market volatility. “In 2015 we had the smallest number of cattle trading in the cash market,” said Randy Blach, chief executive officer of Cattlefax. About 22 percent of cattle […] 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 Fed steers last week averaged $156.17 per hundredweight, down $2.15. Western slaughter volume has […] Read more
WP livestock report
Hogs climb again Strong slaughter margins kept U.S. packers aggressively buying. The U.S. national live price average for barrows and gilts was US$51.88 per cwt. Feb. 3, up from $49.46 Jan. 27. U.S. hogs averaged $66.90 on a carcass basis Feb. 3, up from $63.98 Jan. 27. The U.S. pork cutout was $84.46 per cwt. […] Read more
USDA holds U.S. soy stocks steady, trims wheat and corn
WASHINGTON, Feb 9 (Reuters) – Soybean futures fell following the monthly USDA report release today, which disappointed expectations for lower soybean ending stocks. Initially soybeans were down sharply but then partly recovered later in the morning. Canola futures did not react and were trading higher in the morning. Wheat futures rose. The United States Department […] Read more
Lack of buyer-interest leaves lentil market without a pulse
Winnipeg, Feb. 8 (CNS Canada) – Lentil buyers are keeping on the sidelines as mixed weather reports from India bring an element of turbulence into the market. Crop conditions in India are generally favourable, keeping Canada’s old and new crop lentil markets quiet, said Bobby Leavins of Rayglen Commodities. New crop buyers are showing little […] Read more
VIDEO: Canada’s agricultural markets update – February 8, 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.
CME hog futures again reach new highs
CHICAGO, Feb 7 (Reuters) – Chicago Mercantile Exchange February lean hogs on Tuesday scored a fresh contract high, and deferred months scored new monthly tops, led by brisk wholesale pork demand cash price optimism, said traders. February hogs ended 1.025 cents per lb higher at 72.375 cents, and hit a new contract high of 72.800 […] Read more
