Markets
While global supply is healthy and yields look promising, there are reports of a significant drop in protein levels
The world is set to harvest a bumper wheat crop but it could be low in protein, according to an analyst. Wheat crops are in good shape in most major production regions with the exceptions of China and India, said Bruce Burnett, weather and crop specialist with G3 Canada. The United States Department of Agriculture […] Read more
Markets
VIDEO: Canada eager to satisfy Philippine wheat concerns
The grain commission has narrowed the parameters of the CWRS class to ensure millers receive the quality they need
Canada is working to rebuild its relationship with Philippines wheat millers after they expressed a lack of confidence in Canadian wheat. Filipino bakers recently took part in a technical exchange at the Canadian International Grains Institute. They worked with Canadian experts at the Winnipeg institution to improve their processing of Canadian crops, especially Canada Western […] Read moreSluggish demand, ample supplies eat into Lethbridge feed prices
Winnipeg, June 30 – Lethbridge feed wheat and barley prices have dropped after a muted spring rally, and they’re likely to stay low throughout the summer, market participants say. “They have a weak tone to them. I think a lot of it is lacklustre demand domestically,” said Allen Pirness, trader at Market Place Commodities Ltd. […] Read more
U.S. hog herd’s unexpected record high surprises experts
(Reuters) — The U.S. hog herd in the March-May quarter rose two percent to a record high from a year ago, according to a June 24 U.S. Department of Agriculture report, which exceeded most analysts’ forecasts. Farmers added to their herds because of affordable feed, strong U.S. pork export demand and gradual price improvement for […] Read more
Cattle futures frustrating but fundamentals are not terrific
The fed cattle sector is already seeing lower prices than expected this summer and we are entering the period of the year when beef demand falls off and more cattle come to market. And the Brexit development last week didn’t help. It had no real immediate impact on cattle fundamentals, but the scare to the […] Read more
Use reason when viewing rosy food demand projections
It’s easy to get stupid with future demand projections, ones that tell you prices should just keep going up for what you produce. That’s was the situation with the “nine billion people to feed by 2050” mantra of the 2000s, which allowed some to assume high crop prices would continue forever. And it’s still the […] Read more
Prairie beef herd static while U.S. expands despite low prices
The United States cow herd continues to expand aggressively, but the same can’t be said for Western Canada, said market analyst Anne Wasko. She told the Saskatchewan Stock Growers Association annual convention that cow numbers in Alberta and Saskatchewan have been flat at 2.7 million to 2.8 million for six years. “All the data continues […] 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 market down Cash and futures markets fell again last week. Some analysts say the supply and […] Read more
WP livestock report
Hog futures falter Cash hogs remained solid last week but Chicago hog futures fell sharply as funds took profits following the market hitting 18 month highs the previous week. Sales for the July holiday were wrapping up. The U.S. hog herd in the March-to-May quarter rose two percent versus a year ago, posting a record […] Read more
U.S. farmers surprisingly boost corn plantings; soy acreage at record, stocks top expectations
WASHINGTON, June 30 (Reuters) – U.S. farmers seeded more corn and soybeans than they had initially planned to during the spring, taking advantage of a rallying futures market and good weather to plant as much acreage as possible, U.S. government data showed on Thursday. The report is considered bearish for corn and the Chicago December […] Read more
