Markets
Top 10 ag exporters in 2015 (percent of total market share):
Canadian agriculture has been keeping pace with the rest of the economy, but growth is levelling off and future directions depend on the value of the loonie. Farm Credit Canada is projecting that plateau won’t be easily overcome. The lower value of the Canadian dollar compared to the U.S. currency has buoyed Canadian commodity export […] Read more
Markets
Fertilizer prices stable but could change depending on China, corn area
WINNIPEG, Dec. 8 (CNS) – It’s shaping up to be a typical winter season for fertilizer prices, according to an industry-expert, but he cautions plant expansions in the U.S., corn acreage and the murky world of Chinese exports will all play a part in determining price direction in coming months. “We’re probably expecting a typical […] Read more
CME hog futures up again on cash prices, fund buying
CHICAGO, Dec 8 (Reuters) – Chicago Mercantile Exchange lean hog futures rallied for a fourth consecutive session on Thursday, spurred by higher cash prices and technical buying, said traders. December hogs, which will expire on Dec. 14, closed up 0.975 cent per pound to 55.675 cents. Most actively traded February ended 1.075 cents per pound […] Read more
Strong demand, weak loonie good for canola market
By the time you read this, Statistics Canada will have already released its final crop production forecast for the year. Coverage of the report will be at producer.com. Polled before the report, analysts on average expected a record large canola crop of 18.8 million tonnes, even with all the harvest problems this year. Based on […] Read more
No price rally seen in crystal ball: economist
Commodity prices expected to remain steady for several years, even with predictions of escalating demand from developing countries
TORONTO — Farmers need to temper their market expectations for at least another decade, according to a senior economist with the World Bank. “We do not expect much of a recovery in agricultural prices in real terms from what we’re seeing today,” John Baffes said, speaking during lunch at the Canadian Food and Drink Conference […] Read moreAustralia’s record harvest bad news for wheat prices
SYDNEY, Australia (Reuters) — Australia has raised its wheat harvest forecast by more than 16 percent from the September estimate as near ideal conditions across much of the world’s No. 4 exporter push output to record levels. Wheat output in the 2016-17 season will total 32.64 million tonnes, the Australian Bureau of Agricultural and Resource […] Read more
WP livestock report
Hogs rally The estimated U.S. hog slaughter last week hit another record high, up almost five percent from last year at the same time. It was the fourth time in seven weeks that slaughter topped 2.5 million. While slaughter was close to capacity, cash hog prices rose as packers shared their attractive processing margins. Colder […] 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 rally The Canfax fed steer average rose $3.76 to $148.91 per hundredweight, while heifers rose […] Read more
VIDEO: Canada’s agricultural markets update – December 7, 2016
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.
Higher cash, pork prices extends CME hog futures rally
CHICAGO, Dec 7 (Reuters) – Chicago Mercantile Exchange lean hog futures gained for a third straight day on Wednesday, led by upward-trending cash and wholesale pork prices, said traders. December hogs closed up 1.325 cents per pound at 54.700 cents. Most actively traded February ended 2.275 cents per pound higher at 59.750 cents. Packers are […] Read more
