Markets
Producers are urged to consider put and call options as well as seasonal averaging products for all their crops this year
SASKATOON — The grain and oilseed market outlook for 2024-25 boils down to one simple factor. “It’s really a case of big supplies versus big demand,” said Rhett Montgomery, DTN’s lead analyst. “It’s really going to be an arm wrestle to see what side of that equation wins out.” Corn traded in the range of […] Read more
Markets
Large soybean crop keeps lid on canola prices
Statistics Canada recently lowered its canola estimate, which should support prices, but futures values continue to fall
The fundamentals in the canola market are positive, but the futures market continues to struggle. After a brief rally due to the Statistics Canada report in the first week of December, the canola market has peaked and is now moving down back toward the recent contract lows. Oilseed fundamentals remain conflicted with record soybean production […] Read more
Lower interest rates are good news for farmers
Central banks reduce the cost of borrowing as inflation eases, making it easier to take out a loan and expand operations
Glacier FarmMedia – High interest rates are the hammer used by central banks to temper inflation, and many are now using the claw side of the tool to ease the higher rates of the past few years. The Bank of Canada cut its benchmark overnight rate by 50 basis points on Dec. 12, taking it […] Read more
Canola might have an Aussie problem replacing China
Canadian canola exporters might need to urgently look for alternative markets in 2025, but they might find oilseed users are already well supplied by Australia. Another situation might also develop in which Australia and Canada simply switch markets, although there will likely be a period of uncertainty and disruption. Either way, a reckoning is certainly […] Read more
China grew more grain this year
BEIJING, China (Reuters) — China’s total grain production reached a record of more than 700 million tonnes in 2024 as Beijing moves to boost output in its quest to achieve food security. The year’s output in the world’s largest importer of grain stood at 706.5 million tonnes following larger harvests of rice, wheat and corn, […] Read more
Mexico vows to help save trade deal
MEXICO CITY, Mexico (Reuters) — Mexico is doing everything it can to protect a regional trade agreement with the United States and Canada, the Latin American nation’s deputy economy minister says. The three neighbouring nations, and major partners in commerce, have entered a trade tussle after U.S. president-elect Donald Trump threatened to slap tariffs on […] Read more
Brazil’s soy farmers want ban lifted
SAO PAULO, Brazil (Reuters) — A farmers’ lobby in Brazil is seeking to end a two-decade-long agreement that forbids grain traders from buying soybeans from farms on deforested land in the Amazon rainforest, claiming the deal has created an uneven playing field. Aprosoja-MT, based in western Mato Grosso state, says the agreement fostered “a purchasing […] Read more
Trade reputation in jeopardy
Glacier FarmMedia – Supply chain disruptions and short-term political thinking are bruising Canada’s reputation among its global trading partners, speakers said during the Fields on Wheels event hosted by the University of Manitoba. “The issue we hear … as we travel to these markets and have frank conversations of business and other academics and think-tanks, […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts on Dec. 13 was $63.64. It was not available on Dec. 6. U.S. hogs averaged $79.90 on a carcass basis Dec.13, down from $80.13 Dec. 6. The U.S. pork cutout was $95.53 per hundredweight Dec. 13, down from $90.31 Dec. 6. The estimated U.S. […] 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 still hot Alberta fed steer and heifer prices continue to rally, averaging in the low […] Read more
