Markets
Price direction in the flax market will depend on how many more acres farmers can combine this fall, says a market analyst. Half of Saskatchewan’s flax crop was still standing in the field as of Oct. 10, according to Saskatchewan Agriculture. The 10-year average is to have 73 percent of the crop in the bin […] Read more
Markets
Unharvested acreage risk drives canola futures higher
Canola futures have rallied this month to reflect the difficulties in the prairie harvest and support from stronger soy oil values. As of Oct. 10, 23 percent of Saskatchewan’s canola acreage had not yet been harvested, according to the province’s agriculture department. That means more than two million acres of canola are still in the […] Read more
Commission’s lentil reports irk processor
A major lentil processor is fed up with what it says are misleading lentil quality reports produced by the Canadian Grain Commission. “They are nowhere near representative of what is actually going on in the countryside,” said Greg Simpson, president of Simpson Seeds, a processor headquartered in Moose Jaw, Sask. The commission published a report […] Read more
Cattle futures jump most in a year on short covering
CHICAGO, Oct 20 (Reuters) – Chicago Mercantile Exchange live cattle futures jumped their 3.000 cents daily price limit while feeder cattle also rose sharply as traders exited short positions on expectations for higher prices in cash cattle markets, traders said. Lean hog futures were mostly higher, with all three livestock contracts rebounding from recent multiyear […] 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 fall Fed cattle prices were hammered lower again with the Canfax steer weighted average at […] Read more
WP livestock report
Hogs little changed The market edged slightly higher after posting seven-year lows the previous week, but supplies are still abundant, limiting gains. The United States national live price average for barrows and gilts was US$36.63 per hundredweight Oct. 14, up from $34.78 on Oct. 7. U.S. hogs averaged $46.15 on a carcass basis Oct. 14, […] Read more
VIDEO: Canada’s agricultural markets update – October 19, 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.
Canadian carbon price worries farmers, fertilizer makers
WINNIPEG/TORONTO, Oct 18 (Reuters) – Canada’s plan to price carbon emissions may weaken the farm sector in one of the biggest grain-shipping countries, raising farmers’ costs and discouraging investment in fertilizer production, industry groups say. Ottawa this month promised a price on carbon emissions by 2018, and will let provinces choose a tax or cap […] Read more
Canadian Pacific profit misses on delayed grain harvest
Oct 19 (Reuters) – Canadian Pacific Railway Ltd reported lower-than-expected quarterly results and cut its full-year earnings forecast, due mainly to a delayed grain harvest and lower crude oil volumes. The company said it now expects 2016 profit to grow in the mid-single-digits, compared to the double-digit growth it had expected in June. U.S.-listed shares […] Read more
Belgian region demands more time to fix EU-Canada trade deal
BRUSSELS, Oct 19 (Reuters) – The premier of the Belgian region that is the main impediment to a planned EU-Canada free trade agreement advised on Wednesday postponing a summit next week to sign the deal and taking a few more months to fix outstanding issues. Almost all 28 EU governments now back the Comprehensive Economic […] Read more
