Markets
Ninety-seven percent of Canadian canola oil and 83 per cent of oat exports have headed to the United States recently
SASKATOON — The Canola Council of Canada is taking U.S. president-elect Donald Trump’s threat of a 25 percent import tariff seriously. “When you’ve got a new government coming into your number one market and they’re talking about imposing tariffs, it’s not something to be ignored,” said council president Chris Davison. Related stories: “But at the […] Read more
Markets
Used cooking oil seen as canola risk
SASKATOON — The importation of biofuel made from Chinese used cooking oil threatens the domestic market for Canadian canola, says an industry executive. “It’s a big deal,” said Chris Vervaet, executive director of the Canadian Oilseed Processors Association, which represents most of the crushers operating in Canada. Related stories: “It’s potentially displacing a lot of […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was not available Nov. 22 or Nov. 29. U.S. hogs averaged $83.79 on a carcass basis Nov. 29, down from $82.72 Nov. 22. The U.S. pork cutout was $90.31 per hundredweight Nov. 29, down from $91.77 Nov. 22. The estimated U.S. weekly slaughter to […] Read more
Canfax report
This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattle 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 rallies The fed cattle market continued to rally last week, trading in the high $240s […] Read more
Canola sees drop in oil content
UPDATED: December 4, 2024 1020 CST – added contact info for CGC regional offices and service centres. WINNIPEG — The oil content of the this year’s canola crop is not great. It’s not as bad as 2021, but well below average levels from 2010-20. The mean oil content for canola samples submitted to the Canadian […] Read more
Russian farmers ditch wheat for other crops
MOSCOW/IRTYSH (Reuters) – Russian farmers say they will sow less wheat after heavy losses this year, switching to more profitable crops such as peas, lentils, or sunflowers. Such decisions will have direct implications for global wheat prices and inflation in major buyers like Egypt as Russia is the world’s top exporter of the grain. The […] Read more
China’s soybean plans appear to come up short
The country has used subsidies to encourage farmers to grow more of the crop, but the results have not been impressive
SASKATOON — China’s attempt to become more self-sufficient in soybeans is fizzling, according to an analyst. The Ministry of Agriculture and Rural Affairs’ 2021-25 five-year plan set a target of boosting production of the oilseed to 23 million tonnes by 2025, according to Dim Sums, an anonymous blog about China’s agricultural economy. Related stories: That […] Read more
Former negotiator urges calm on tariffs
SASKATOON — Canada’s chief negotiator of the North American Free Trade Agreement has a message for those concerned about Donald Trump’s latest salvo. “Don’t panic,” says John Weekes. Related stories: The president-elect of the United States recently announced on his Truth Social media platform that he will slap a 25 per cent import tariff on […] Read more
Biofuel use makes big jump
SASKATOON — Biofuel consumption has surged following implementation of Canada’s Clean Fuel Regulations, according to a new report. Ethanol consumption was up 13 per cent in 2023 to four billion litres per year, renewable diesel consumption more than doubled to 1.2 billion litres and biodiesel was up 14 per cent to 530 million litres. Related […] Read more
Managed money bearish on spring wheat
Funds were easing their “permabear” approach to wheat futures but have returned to a substantial short position
The latest U.S. Commodity Futures Trading Commission commitment of trader’s report says managed money funds are taking an aggressive bearish position in spring wheat. This has certainly been part of an overall bearish stance by the funds in wheat futures markets. Funds have been bearish on wheat futures for the past two years but were […] Read more
