Markets
Records are being set in the world wheat market this year. For the first time, Russia is expected to be the world’s largest wheat exporter in 2016-17, surpassing the collective exports of the countries of the European Union. Closer to home, analysts forecast that American farmers will seed the smallest wheat crop since the pioneer […] Read more
Markets
Russia takes crown as world’s top wheat exporter
Policy change may flood grain market
Sean Pratt reports from the Oilseed & Grain Trade Summit in Minneapolis, Minn. MINNEAPOLIS, Minn. — Wheat and corn exporters can expect increased competition from Argentina as farmers there adjust to the removal of punitive export taxes on most crops. “The past government was kind of anti-farming and mainly was capturing all the value that […] Read more
CFIA dismisses injured cow claims
A Canadian Food Inspection Agency investigation is complete into an August report of an injured dairy cow aboard a livestock transport truck in Ontario. The agency said it followed up with the parties involved and found that one animal had a surface injury that did not compromise its health and well-being during transport. No enforcement […] Read more
WP livestock report
Hogs fall The U.S. hog slaughter was the second largest ever. The ample supply of hogs and the record pace of slaughter this fall kept downward pressure on hog and pork prices. The U.S. national live price average for barrows and gilts was US$32.72 per cwt. Nov. 18, down from $33.25 Nov. 11. U.S. hogs […] Read more
Canfax report
Fed cattle rise The weekly fed steer weighted average rose $3.11 to $142.44 per hundredweight, and heifers climbed $3.43 to $141.42. Tight supplies and rebounding cattle futures supported the market.Weekly dressed trade was generally up $5-$7 per cwt. with most the sales from $238-$240 delivered. A significant volume of heifers traded. The cash-to-futures basis weakened […] Read more
ICE Canada canola futures ease in thin U.S. holiday trade
WINNIPEG, Manitoba, Nov 24 (Reuters) – ICE Canada canola futures eased on Thursday in slow trading with U.S. markets closed for Thanksgiving. * Canola’s losses were a small correction to the crop reaching its highest price since May during the previous session, a trader said. * 96 percent of Saskatchewan canola harvest combined as of […] Read more
ICE Canada canola futures jump with soyoil on U.S. biofuels targets
WINNIPEG, Manitoba, Nov 23 (Reuters) – ICE Canada canola futures jumped 1.5 percent on Wednesday, hitting its highest most active price since May, taking strength from a soyoil rally after the United States boosted 2017 biofuels requirements. * The U.S. government issued final requirements for biofuel use for next year, saying energy companies must boost […] Read more
Rising durum bids topping out in western Canada
Winnipeg, Nov. 22 (CNS Canada) – Durum bids in Western Canada posted solid gains over the past two months, with concerns over the quality of the crop behind much of the strength. However, prices are showing signs of topping out, and the highs may be in for now. Spot durum bids in southern Saskatchewan, where […] Read more
Time to be statesmanlike and make nice with Mr. Trump
When Donald Trump shocked the planet and won the U.S. presidential election, many were outraged, disgusted, furious, upset and traumatized. Protestors took to the streets – even here in Canada – and everybody’s Facebook and Twitter feeds filled with infuriated rages and hurtful screeds from those who despise the man. A few world leaders essentially […] Read more
ICE Canada canola futures dip on commercial hedges
WINNIPEG, Manitoba, Nov 22 (Reuters) – ICE Canada canola futures eased from a recent high on Tuesday, pressured by commercial hedges as the harvest in Western Canada wraps up. * Nearby canola partly recovered from its intra-day lows in sympathy with gains in the soybean market, a trader said. * January canola lost $1 at […] Read more
