Markets
Farmers who want to achieve $500 per tonne canola for their 2017-18 crop should consider locking in prices before June, says the publisher of Oil World magazine. A short-term squeeze on global oilseed stocks will probably begin disappearing by early summer. Supply should grow through the rest of 2017 leading to a surplus in 2018, […] Read more
Markets
Ratio favours soybeans over corn
The hot reaction to Argentina’s excessive rain problem cooled last week, causing soybean futures to give back some of their gains, but they are still attractive relative to corn. Farmers are working on their crop budgets and determining seeding plans for 2017. The supply-demand picture for canola looks favourable for an increase in seeded area […] Read more
Poor farmer response threatens USDA info
CHICAGO, Ill. (Reuters) — Record-low responses from farmers to surveys threaten the U.S. Department of Agriculture’s status as the gold standard in crop data collection and potentially open up trading advantages to big firms, the agency’s chief economist said. Response rates have been on a precipitous decline in recent years, falling below 60 percent in […] Read more
Mustard sector needs price stability, says analyst
The mustard seed sector should start to think about developing multi-year contracts because the volatility in prices could discourage growers. Western Canadian acreage and the number of growers have fallen from the early 2000s. “If you are on the buying side of the industry, you should be a little bit concerned about that,” said Marlene […] Read more
WP livestock report
Hogs rise U.S. carcass weights were down 3.4 pounds from last year, indicating that producers are current with their marketing. The U.S. national live price average for barrows and gilts was US48.39 per hundredweight Jan. 20, up from $46.92 Jan. 13. U.S. hogs averaged $62.88 on a carcass basis Jan. 20, up from $61.63 Jan. […] 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 lower The fed steer weighted average was $159.97 per hundredweight last week while heifer trade […] Read more
Potash prices look lower for longer as competition overheats
By Rod Nickel and John Benny Jan 26 (Reuters) – The deepest slump in a decade for the oversupplied potash fertilizer market may abate only slightly in 2017, major producers say, and could take years to correct due to the imminent startup of new mines. Potash Corp of Saskatchewan Inc , the world’s biggest fertilizer […] Read more
VIDEO: Canada’s agricultural markets update – January 25, 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 surge to near 6-month high
CHICAGO, Jan 25 (Reuters) – Chicago Mercantile Exchange lean hogs on Wednesday climbed to their highest level in almost six months, fueled by short-covering following strong cash and wholesale pork prices, said traders. Technical buying developed after February and March futures surpassed their respective 10-day moving averages of 65.662 and 69.023 cents. February hogs ended […] Read more
Technical selloff sends CME hog futures lower
CHICAGO, Jan 23 (Reuters) – Chicago Mercantile Exchange lean hog futures closed weaker on Monday, partly pressured by sell stops and fund liquidation, said traders. February hogs ended 0.300 cent per pound lower at 65.000 cents, and under the 10-day moving average of 65.267 cents. April closed 0.700 cent lower at 67.775 cents, and below […] Read more
