Markets
(Reuters) — The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, on March 7 had risen for 17 straight sessions, boosted by firmer demand for panamaxes and smaller vessel segments. The overall index that gauges the cost of shipping resources including iron ore, cement, grain, coal and fertiliser, was […] Read more
Markets
Demand for panamax vessel up
Untimely rain hurts India’s winter crops
MUMBAI, India (Reuters) — Hail and heavy rain have damaged winter-sown crops such as wheat, rapeseed and chickpea in India’s main producing areas and delayed harvesting by nearly two weeks, government and industry officials said earlier this week. The untimely rain and hail over the past week could reduce the yield of the crops as […] Read more
High protein canola meal could be game changer for crop
Dow AgroScience says it is developing canola varieties with protein content equal to soybeans with better digestibility
SAN DIEGO, Calif. — If canola meal can become as good as soybean meal to livestock feeders, canola farmers should see a lot more demand for their crops, says a U.S. feedgrains market expert. “I think it’s going to be huge,” said Andy Vance of Feedstuffs magazine, in an interview at the Canola Council of […] Read moreWP livestock report
HOGS STEADY U.S. producers are on schedule sending pigs to market, but hogs will start to grow faster and reach market-ready status sooner as temperatures warm in the Midwest. The Canadian dollar rose more than one cent US, putting pressure on Canadian prices. In Canada, the Signature three price was C$70.47 per hundredweight, down from […] Read more
Canfax report
Fed market weak The fed steer weighted average was $168.54 per hundredweight, and heifers were $167.69. Most sales were dressed at prices from $280-$283 delivered. U.S. packer bids were similar to local trade, but there was no incentive to move cattle south. Cattle futures stabilized, but the support on the Canadian market was more than […] Read more
VIDEO: Canada’s agricultural markets update – March 9, 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:
Port crop price summary
The following port price chart is information extracted from Agriculture Canada’s weekly price summary. The summary is for information only. The prices are believed to be accurate but are not endorsed by the government of Canada. The “Indicator Price” is collected from the International Grains Council and industry and represents a sample of FOB asking […] Read more
Crop price rallies few, short
Don’t expect any bull runs in grain and oilseed markets for the next year or more, but there will be opportunities to lock in profitable prices, says an analyst. Mike Jubinville, president of Pro Farmer Canada, told Farm Credit Canada’s Ag Outlook 2016 that the commodity super cycle is over. “We’re going into somewhat of […] Read more
USDA forecasts keep outlook gloomy
The U.S. Department of Agriculture reminded us last week that the world appears set on a course to another year of comfortable supplies of major grains. For Canadian farmers, it means another year when it is critical to know costs of production, watch for the inevitable modest rallies that spring up during the seeding and […] Read more
Barley growers told to prepare for rally; when is the question
Farmers can probably count on a spring barley rally, some marketers say. However, they had better watch closely because it might not be as big or predictable as it usually is. “It’s one of the most consistent things in our market cycle,” said Kyle Sinclair of CorNine Commodities in Lacombe, Alta. “It’s fairly safe for […] Read more
