Markets
CHICAGO, May 18 (Reuters) – A day after Monsanto Co said it would stop the launch of its latest soybean trait in Argentina due to concerns over royalty payments, company executives downplayed the impact and sought to turn the focus to business prospects in neighboring Brazil instead. Brazil is “the real opportunity” for growth in […] Read more
Markets
As Monsanto fights Argentina over soy, company eyes Brazil
VIDEO: Canada’s agricultural markets update – May 18, 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:
Canola remains stable
Crop futures markets were mostly steady Monday as counterbalancing weather impacts left the situation mostly unchanged. Frost hit some crops in the U.S. northern Midwest, reaching from northern Iowa up northwest to the Canadian border, but damage is not expected to be severe. The damage from the western Canadian frosts of last week also remains […] Read more
Will fertilizer prices continue to fall?
PotashCorp thinks widening crop-fertilizer value gap will lift nutrient prices but a private analyst disagrees
Some of the major players in the fertilizer business believe prices are headed higher in the second half of 2016 but an industry analyst disagrees. Price direction was a hot topic during quarterly results conference calls for a number of manufacturers. PotashCorp, the world’s largest fertilizer company, showed investment analysts a chart highlighting the widening […] Read moreVolatile dollar painful for small companies
Economist expects the loonie to fluctuate between 75 and 80 cents U.S., and some experts suggests a hedging strategy to reduce risk
Export Development Canada expects the Canadian dollar to hover around US75 to 80 cents over the next five years, but it will continue to bounce around a lot. EDC’s forecasting model uses factors such as oil and gas prices, other commodity prices and the outlook for Canadian short-term interest rates versus the United States and […] Read moreHealthy U.S. economy will boost global outlook: expert
Peter Hall is brimming with optimism about the global economic outlook largely because of what’s happening south of the 49th parallel. The United States is still the driver of the world economy, the chief economist of Export Development Canada said, and there are compelling signs it has turned the corner and pulled itself out of […] 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 prices fall The Canadian and American cash and futures cattle markets diverged sharply last week as […] Read more
WP livestock report
Hogs edge higher U.S. cash hogs rallied last week on big slaughter demand but prices could come under pressure this week as pork belly prices fell. A recent stretch of rain and cool weather down the eastern seaboard is slowing grilling demand. Iowa-southern Minnesota hogs delivered were US$50-$53.50 per hundredweight May 5, up from $49-$51.50 […] Read more
Hemp processors eager to entice organic growers
Consumers interested in hemp food and oils are also demanding it be organic, despite little difference from conventional product
Canada’s hemp industry has a problem. Most consumers who buy hemp fall into the ‘health conscious’ category of shoppers, who are willing to pay a premium for foods loaded with protein and healthy oils. But those same people tend to consume organic foods and Western Canada doesn’t produce enough organic hempseed to satisfy that demand. […] Read more
Loonie pullback supports canola crush and exports
The prices of Canadian agricultural products are supported this week by the falling loonie. It peaked at almost US80 cents last week but as of May 9 had dipped below 77 cents. Reviving worries about the slower pace of China’s economy has put the brakes on the commodity rally this year that had lifted the […] Read more
