Markets
Due to extreme weather conditions, your printed copy of the December 8 Western Producer may be delayed. Snow and road closures hampered our ability to get the Western Producer to Canada Post for customers in Alberta and British Columbia. You can expect up to one full day delay of your Western Producer in Alberta and […] Read more
Markets
Prairie potato yields continue to rise
Manitoba yields have risen steadily over the past five years and the hope is to compete with Washington and Idaho
Potato storage sheds in Manitoba are full, thanks to blockbuster yields this fall. In fact, yields were so large that a portion of Manitoba’s potato crop is still in the ground. “Some people had yields they were just not anticipating,” said Dan Sawatzky, manager of the Keystone Potato Producers Association. “They ran out of storage […] Read more
Canadian farm exports remain strong, for now
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 moreFertilizer 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
