Markets
Hogs The U.S. national live price average for barrows and gilts for Dec. 20 was not available. It was $63.64 Dec. 13. U.S. hogs averaged $76.95 on a carcass basis Dec. 20, down from $79.90 Dec. 13. The U.S. pork cutout was $97.28 per hundredweight Dec. 20, down from $95.53 Dec. 13. The estimated U.S. […] Read more
Markets
WP livestock report
CPKC overshoots grain revenue entitlement, CN comes up short
Total Western Canadian grain volume moved over crop year down 3.5 per cent
Glacier FarmMedia – Canadian National Railway Company (CN)’s grain revenue fell below its annual entitlement, and Canadian Pacific Kansas City Railway Company (CPKC) overshot its entitlement in the 2023-2024 crop year. That’s as per the Canadian Transportation Agency’s (CTA) ruling, announced on Christmas Eve in a news release. CPKC has 30 days to pay the […] Read more
U.S. wins Mexico GM corn dispute
WASHINGTON, D.C. (Reuters) — A trade-dispute panel ruled on Friday that Mexico’s restrictions on U.S. genetically modified corn exports violate the U.S.-Mexico-Canada Agreement, handing president Joe Biden’s administration a major trade victory in its final weeks. The U.S. Trade Representative’s office said the USMCA dispute settlement panel ruled in favour of all seven U.S. legal […] Read more
Construction firm to reopen Kapuskasing, Ont. phosphate mine
Glacier FarmMedia – British Columbia-based Infracon Construction, Inc., announced today it has purchased the shuttered Agrium phosphate mine in Kapuskasing, Ontario. It plans to invest “substantial capital” to bring the mine back into production, the company said in a statement. The acquisition includes a processing plant in Matheson, Ontario, and various other mineral properties in […] Read more
Canola sector focuses on new opportunities
Canola Council of Canada head says industry must continue making progress in biofuel, research and market expansion
Glacier FarmMedia – The Canadian canola industry is bigger than ever, but it can’t afford to rest on its laurels, says the top executive of the Canola Council of Canada. President and chief executive officer Chris Davison bases much of that perspective on a new economic impact study of the oilseed. Canola generates an average […] Read more
Canada prepares for new era of trade policy
Canadian agriculture industry is warned that a second Trump presidency will open the door for a tumultuous future
Glacier FarmMedia – Election of Donald Trump as president of the United States for a second time signals a tumultuous and possibly perilous period in Canada-U.S. trade relations. Canada’s agriculture sector will have to work much harder at persuading Americans that tariff-free trade with its northern neighbour is in their best interests. That was the […] Read more
Global grain demand continues to match supply
Producers are urged to consider put and call options as well as seasonal averaging products for all their crops this year
SASKATOON — The grain and oilseed market outlook for 2024-25 boils down to one simple factor. “It’s really a case of big supplies versus big demand,” said Rhett Montgomery, DTN’s lead analyst. “It’s really going to be an arm wrestle to see what side of that equation wins out.” Corn traded in the range of […] Read more
Large soybean crop keeps lid on canola prices
Statistics Canada recently lowered its canola estimate, which should support prices, but futures values continue to fall
The fundamentals in the canola market are positive, but the futures market continues to struggle. After a brief rally due to the Statistics Canada report in the first week of December, the canola market has peaked and is now moving down back toward the recent contract lows. Oilseed fundamentals remain conflicted with record soybean production […] Read more
Lower interest rates are good news for farmers
Central banks reduce the cost of borrowing as inflation eases, making it easier to take out a loan and expand operations
Glacier FarmMedia – High interest rates are the hammer used by central banks to temper inflation, and many are now using the claw side of the tool to ease the higher rates of the past few years. The Bank of Canada cut its benchmark overnight rate by 50 basis points on Dec. 12, taking it […] Read more
Canola might have an Aussie problem replacing China
Canadian canola exporters might need to urgently look for alternative markets in 2025, but they might find oilseed users are already well supplied by Australia. Another situation might also develop in which Australia and Canada simply switch markets, although there will likely be a period of uncertainty and disruption. Either way, a reckoning is certainly […] Read more
