Markets
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
Markets
Capital gains changes nixed
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.
Russia, EU to vie for top spot in key wheat markets in 2017/18
MOSCOW/PARIS, Feb 16 (Reuters) – Russia and the European Union are expected to return to strong competition for the rank of the world’s biggest wheat exporter in the new 2017/18 marketing season, which starts on July 1, as prospects for their crops are bright so far, analysts said. For global consumers, especially in North Africa […] Read more
LIVESTOCK-CME live cattle, hog futures slump on profit-taking
CHICAGO, Feb 15 (Reuters) – Chicago Mercantile Exchange live cattle futures on Wednesday bowed to profit-taking, prompted by softer wholesale beef values and uncertainty about cash prices this week, traders said. Technical selling contributed to market losses, they noted. February live cattle closed 0.600 cent per pound lower at 116.775 cents, and below the 10-day […] Read more
