Markets
WINNIPEG — There seems to be no shortage of forages in Western Canada this year because the wet weather has allowed grasses to keep progressing at a steady rate. However, finding high-quality hay could be the challenge, according to crop watchers in Saskatchewan and Manitoba. “It’s been tough for guys to put four to five […] Read more
Markets
High-quality forages tougher to find this year
Russia may steal wheat markets
Traditional wheat exporters will face a swelling tide of Russian wheat exports in the coming years, according to a new report. The Australian Export Grains Innovation Centre (AEGIC) is forecasting 32.5 million tonnes of exports by 2030, up 50 percent from the 21.7 million tonnes Russia shipped last year. “Increased grain production and exports from […] 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 Hopes for a market recovery were dashed last week as the Chicago cattle futures […] Read more
WP livestock report
Hogs fall The U.S. hog quarterly report was negative for prices with the herd at 70.851 million head, the highest for any quarter in a data set started in 1988. The herd was 102 percent of last year, up from analysts’ estimates of 101.2 percent. The nearby hog contract fell to 49.025 cent per pound […] Read more
Brazil expects grain output to recover amid good weather
SAO PAULO/BRASILIA, Oct 6 (Reuters) – Brazil on Thursday forecast that grain production would reach record levels in the new 2016/17 season due to favorable weather which would replenish corn stocks and help the country to rein in stubbornly high inflation. In its first projections for the new grain season, Brazil’s agricultural statistics agency Conab […] Read more
Successful year for hybrid rye growers on the prairies
Hybrid rye acres may hit 25,000 to 30,000 acres this fall, which is about 10 percent of all rye acres in Western Canada. Statistics Canada says prairie farmers seeded 300,000 acres of rye last fall. Rain and wet soil conditions this fall probably cut into acreage, but hybrid rye acres are on the rise. “We […] Read more
VIDEO: Canada’s agricultural markets update – October 5, 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. Crops:
Burdensome supplies slam CME lean hog futures
CHICAGO, Oct 5 (Reuters) – Chicago Mercantile Exchange lean hog futures fell sharply on Wednesday, with some contracts posting new lows, led by profit-taking and seasonally rising hog numbers, traders said. Cooler fall temperatures in the Midwest and highly-nutritious new-crop corn are causing pigs to grow faster. The U.S. Department of Agriculture data on Wednesday […] Read more
CME live cattle futures post biggest daily percent gain in a year
CHICAGO, Oct 4 (Reuters) – Chicago Mercantile Exchange live cattle futures surged about 3 percent on Tuesday to their best one-day performance since October 2015, sparked by short-covering and technical buying, said traders. Prior to Tuesday’s open, CME live cattle contracts displayed a Relative Strength Index (RSI) of 27. A RSI below 30 suggests a […] Read more
Minneapolis spring wheat futures premium increasing over winter wheat
Winnipeg, Oct. 4 (CNS Canada) – Minneapolis spring wheat futures are pulling away from their winter wheat counterparts, as quality issues with the North American spring wheat crop bring in protein premiums And there was more room to the upside in spring wheat, said market analyst Bryan Strommen of Progressive Ag in Fargo, North Dakota. […] Read more
