Markets
SOUTHWEST Harvest of barley and oats is mostly complete, while wheat is about 70 percent complete. Rain and wind have damaged swathed canola in some fields. An above average hay crop is mostly complete. NORTHWEST Field pea harvest is complete, while red spring wheat is about 85 percent complete, barley 30 percent finished and oats […] Read more
Markets
MANITOBA releases latest crop report
Canada feedlot closure seen hurting prices, sending cattle to U.S.
Sept 22 (Reuters) – The closure of one of Canada’s biggest cattle feedlots is likely to depress prices of young cattle and the grains used to fatten them, and may increase feeder sales to the United States, industry officials say. Alberta-based Western Feedlots said on Wednesday that it will shut feeding operations early in 2017, […] Read more
Storm looms for hog producers: analyst
The hog price outlook is dire, but most western Canadian farmers should be OK, says analyst Tyler Fulton. “We could see the writing on the wall,” said Fulton about why most of the independent hog producers Hams Marketing represents locked in fourth quarter prices that were much higher than today’s loss-making levels. “There was a […] Read more
China, Canada resolve canola-shipping dispute
OTTAWA, Sept 22 (Reuters) – Canada and China have agreed on a solution to a trade dispute over C$2 billion worth of annual canola sales, lasting to 2020, leaders of the two countries said on Thursday. The solution is “predictable, science-based and stable,” ensuring access for Canadian shipments to China, Canadian Prime Minister Justin Trudeau […] Read more
China, Canada resolve canola dispute and expand beef trade
Sept 22 (Reuters) – Canada and China have agreed on a solution to a trade dispute over canola sales, lasting to 2020, Canadian Prime Minister Justin Trudeau said on Thursday. The two countries also have a new agreement expanding access of Canadian beef to the Asian country. The canola agreement was described as a solution […] Read more
Quality durum price up as fusarium cuts milling supply
WINNIPEG (Reuters) — The swaying durum crops on Dave Marzolf’s farm look lush and even, bearing full kernels of the wheat used to make pasta. Some is made into couscous. On a closer look, though, Marzolf’s durum kernels are infected with fusarium, a disease that produces a toxin known as vomitoxin and has forced him […] Read more
Price slump curbs U.S. wheat acres while Russia expands
CHICAGO, Ill. (Reuters) — U.S. farmers are poised to plant winter wheat on the smallest area in more than a century this autumn as tumbling global prices and fierce competition push the world’s former top supplier into retreat. However, even that shrinkage is unlikely to dent massive global supplies or help bolster prices. The world […] Read more
WP livestock report
Hogs down Abundant market-ready hogs pushed prices lower and the Chicago contract hit a 10 month low. Cooler fall weather is allowing hogs to gain weight faster. Also, hogs backed up a bit early this month when one large U.S. plant temporarily closed. Those hogs are now hitting the market. The U.S. national live price […] Read more
Analyst thinks USDA soy numbers too high
Darin Newsom remains bullish on soybeans despite the United States Department of Agriculture boosting its production estimate and ending stocks number in its September outlook. DTN’s senior analyst thinks soybean stocks will wind up much tighter than the current estimate. If he is correct, that would support soybean prices and the value of competing oilseeds […] Read more
Mustard bids drop on limited demand, harvest progress
Winnipeg, Sept. 20 – Mustard spot prices are trending lower with limited demand for the commodity as harvest progresses. Weather conditions may have curbed yield potential, to an extent, though production is still expected to be large, one market participant says. Bids for mustard have dropped from the levels seen in July and August into […] Read more
