Markets
It isn’t a big risk in any one year of farming, but farmland value is the biggest risk to a farmer’s overall lifetime wealth. An American financial risk management developer is looking for a way to hedge that risk by creating farmland price indexes that can serve as the basis for farmland derivatives. “I just […] Read more
Markets
Indexes designed to reduce risk of falling farmland value
U.S. posts strong sales in dried distillers grain
High prices are likely making the byproduct of ethanol production too expensive for many Canadian livestock feeders
Exports of dried distillers grain from the United States broke records last year, topping 12.56 million tonnes. It was an 11 percent increase over 2014. Canada accounted for four percent of that total, and American marketers think they can expand the percentage given the right price and quality options. The low Canadian dollar has discouraged […] Read moreMarket takes wait-and-see approach to Kansas’s big freeze
Temperatures fell to -5 to – 9 C on the mornings of March 19 and 20 in western Kansas and Oklahoma. The weekend temperatures were cold enough for long enough to damage jointing wheat. Little winter wheat would normally be at that stage, but the crop was advanced because of unusually warm weather in recent […] Read more
Soybean seed sales in Western Canada ‘flat, flat, flat’
The westward march of soybeans may have hit a blockade. After a decade of continuous ex-pansion, soybean acres will likely decline this spring in Western Canada, say industry reps. Seed sales this winter suggest acres will drop in Saskatchewan, and Manitoba acres will be stable. “Industry people ask me, every week (I) get the question, […] 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 cattle rally The weighted steer average was $168.93 per hundredweight, and heifers were $167.34. Most reported […] Read more
WP livestock report
HOG Price weakens Packers had met the Easter ham demand and some plants will close for Good Friday this week, so U.S. hog prices dipped. In Canada, the Maple Leaf Signature Three price was $69.26 per hundredweight, or $152.69 per 100 kilograms, which was down from $70.33 per cwt., or $155.04 per 100 kg, the […] Read more
VIDEO: Canada’s agricultural markets update – March 23, 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:
Peas, lentils hit the big time
Western Canada’s farmers are likely to produce their largest pea and lentil crops in history this year, according to the president of AGT Food & Ingredients. In a recent presentation to grain industry experts in Saskatoon, Murad Al-Katib predicted that plantings of dry peas and lentils in Saskatchewan, Alberta and Manitoba will exceed 10 million […] Read more
Corn sector sets sights on ethanol
NEW ORLEANS, La. — U.S. corn growers believe higher ethanol blends are the way to reverse slumping grain prices. Corn prices have fallen 34 percent since 2010 as demand from the ethanol industry stalled because of the E10 blend wall. An estimated 99 percent of gasoline sold in the United States contains 10 percent ethanol. […] Read more
Quick action on rallies could save the day
NEW ORLEANS, La. — There will be opportunities to lock in profitable crop prices in 2016, according to a panel of analysts. “Since 1973, the American farmer has always had one opportunity and this year I don’t think will be any different,” Mark Gold, analyst with Top Third Ag Marketing said during the taping of […] Read more
