Markets
While many Canadian farmers wonder if they will get a break in the rainy weather long enough to harvest their crops, American analysts are raising their forecasts for U.S. corn and soybean production. Crops in the Midwest passed through the July heat wave in great shape and some analysts think there is potential for record-breaking […] Read more
Markets
Fall precipitation forecast
Early August is proving to be a wet period for the Canadian Prairies, but it might be drier mid-month, and the autumn average temperature could be warmer than normal. Environment Canada released its three month August-October outlooks last week. It expects all of Canada will on average be warmer than normal during the period. If […] Read more
Proposal to nix marketing board shocks Ont. vegetable growers
Ontario farmers may have a radically different system for selling process vegetables next year, but producers and industry watchers don’t understand why the change is necessary. News leaked in July that the Farm Products Marketing Commission, a regulatory agency established by the Ontario government, was considering removing the marketing authority of the Ontario Processing Vegetable […] Read more
EU wheat exports to shrink, shift eastward
With poor quality and yields in France, countries like Romania, Bulgaria and Germany could see a boost in exports
PARIS, France (Reuters) — A plunge in wheat production and uncertain crop quality in France could sideline the European Union’s top exporter from overseas markets and push down overall EU wheat exports. However, EU members Romania and Bulgaria should benefit from bumper harvests, while Germany and Poland could win sales from France if rain does […] Read moreRain delays rapeseed harvest
HAMBURG, Germany (Reuters) — Persistent rain at harvest time is set to cause a late reduction in the European Union’s rapeseed crop, its main oilseed for edible oil and biodiesel production, experts said last week. “Harvest weather has been terrible with repeated rain in the four largest producers France, Germany, Britain and Poland, and we […] 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. Lows in? The Chicago cattle futures market rallied and American cash prices rose, but the Canadian cash […] Read more
WP livestock report
Hogs Record-large U.S. hog and pork production is outpacing demand. Export demand is a little lower than it was in spring, and beef prices that are more reasonable this year are providing more competition at the meat counter. Ron Plain and Scott Brown of the University of Missouri say fourth quarter U.S. hog slaughter this […] Read more
VIDEO: Canada’s agricultural markets update – August 10, 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:
Hogs jump on technical rebound, cattle edge lower
CHICAGO, Aug 10 (Reuters) – Chicago Mercantile Exchange lean hog futures gained as much as 2 percent on Wednesday, reversing from earlier losses on strength from technical buying and a rebound in wholesale pork prices, traders said. Hog futures tested life-of-contract lows reached last week but did surpass those lows, sparking short-covering. The opposite was […] Read more
Port of Churchill layoffs in effect, uncertainty remains
WINNIPEG — Layoffs from Manitoba’s Port of Churchill are now in effect, but questions remain for those formerly employed by the port, the future of the tow, and the dynamics of Canadian grain handling. Answers to those questions aren’t coming from the Denver-based railway that operates the port, OmniTrax, as officials have remained mostly silent […] Read more
