Markets
Sean Pratt reports from the Global Pulse Convention in Cesme, Turkey, about what is driving pulse markets. CESME, Turkey — Canada is sold out of green lentils, and the forecast is for another tight year in 2016-17. “Farm bins are empty. Warehouses and pipelines are empty,” said Gerald Donkersgoed, vice-president of Ilta Grain. “We have […] Read more
Markets
New index tracks farmers’ outlook
Every month the world’s markets watch for the ISM Manufacturing Index to be released. Why isn’t there a similar gauge for the U.S. farming and agriculture sector? That’s a question Purdue University and the CME Group tackled and, they hope, eliminated with the introduction of the Purdue/CME Group Ag Economy Barometer. Now investors, lenders, traders […] Read more
Crop price rally could lose strength as weather improves
I would be surprised if the crop price rally of April and May can continue into June. Crop prices rallied as the market assessed the damage to soybeans in Argentina from the excessive rain in April and dry weather in Brazil’s corn growing region. Analysts now believe the rain slashed Argentina’s soybean crop by four […] Read more
Short supply of chickpeas could boost pea exports
CESME, Turkey — If desi chickpea production falters in any of the main production regions, there will once again be strong demand for Canadian yellow peas, say analysts. G. Chandrashekhar, a global agribusiness specialist from India, is forecasting 9.95 million tonnes of global desi chickpea production in 2016-17, up seven percent from the current crop […] Read more
U.S. reviews high-speed trading’s effect on cattle pricing
CHICAGO, Ill. (Reuters) — A U.S. watchdog agency will launch a review of cattle pricing, including the impact of high-frequency trading on futures, after ranchers complained about a sharp price drop last year. The U.S. Government Accountability Office has accepted a request from the Senate judiciary committee to study the reasons for the decline, an […] Read more
Canola crush margins reach year’s best level
WINNIPEG — Canola crush margins have improved considerably over the past few weeks and are now sitting at near the best levels of the year. Crush margins provide an indication of the profitability of the product values compared to the seed cost when processing canola. Exchange rates are also factored in to the equation. As […] 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 lower The Canfax fed steer weighted average was $160.09 per hundredweight, down $1.76, and heifers […] Read more
WP livestock report
Hogs slip Retailers had covered most of their needs for the U.S. Memorial Day long weekend. U.S. slaughter has been running below the level implied by the March Hogs and Pigs report, said Ron Plain and Scott Brown of the University of Missouri. That might imply delayed marketings, which would weigh on summer hog prices. […] Read more
Argentine soy harvest could be hit by more heavy rains
BUENOS AIRES, June 2 (Reuters) – Rains this week in Argentina’s top agricultural province, which was previously unaffected by recent wet weather, may further damage the 2015/2016 soybean harvest, the Buenos Aires Grain Exchange said on Thursday. Argentina is the world’s top exporter of soy oil and soymeal and the third largest supplier of raw […] Read more
Potash output cuts seen hindering industry’s long-term recovery
WINNIPEG, Manitoba, June 2 (Reuters) – North America’s big potash miners have doubled down on a production cut strategy they hope will lift the fertilizer’s price from a near decade low, even as some investors warn this threatens their long-term profitability and props up weaker rivals. Shares of Potash Corp of Saskatchewan and Mosaic Co, […] Read more
