Markets
I’ve written a fair amount recently on my assessment that stocks of wheat and canola could get fairly tight in Canada by the end of the crop year. Normally, that would support crop prices, but with the volatility of the value of the Canadian dollar, we have another factor to consider. Currency fluctuations take on […] Read more
Markets
VIDEO: Canada’s agricultural markets update – Feb. 24, 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:
China to toughen standard on Canadian canola shipments
By Rod Nickel WINNIPEG, Manitoba, Feb 23 (Reuters) – China plans to toughen its standard for imported Canadian canola starting April 1, reducing the amount of foreign material it allows per shipment, an industry group warned Canada’s exporters and processors on Tuesday. China’s quarantine authority, AQSIQ, notified the Canadian Food Inspection Agency (CFIA) on Tuesday […] Read more
Lower yields discourage sunflower acres
Acres are expected to be ‘down just a touch’ in Manitoba this year, despite strong prices for the oilseed
Canadian sunflower acres will likely be down or flat this year. Prices are strong, but yields dipped last year in Manitoba, and producers are choosing to grow easier crops such as soybeans. “I think acres will be down just a touch,” said Troy Turner, an agronomist with the National Sunflower Association of Canada, following the […] Read more
La Nina expected for first time since ’12
La Nina, the counterpart to the current El Nino, might make an appearance this fall. If it does, it could stress next year’s American hard red winter wheat crop. El Nino, caused by unusually warm waters in the equatorial Pacific Ocean, is not over yet, but it is winding down, and a La Nina is […] Read more
U.S. farm official still holds out hope for success at WTO
Farmers should not give up hope on a successful conclusion to the Doha Round of the World Trade Organization discussions, says the leader of a major U.S. farm group. In November, it will be 15 years since the round was officially launched at the WTO’s Fourth Ministerial Conference in Doha, Qatar. “There have been a […] Read more
China opts for open market on corn
The government’s decision to liberalize the corn market by eliminating its price support faces ‘substantial challenges’
After months of speculation, China has announced it is eliminating its price support on corn and will allow market forces to dictate what farmers are paid for the crop. Given China’s size, the success or failure of this reform could have major implications for the world grain market. The announcement was contained in the 2016 […] Read moreOil prices have mixed effect on global grain prices
SAN DIEGO, Calif. — Grain inventories are strong throughout the world, energy prices are falling and global economic growth is anemic, putting downward pressure on corn, soybeans and wheat prices. Lower energy prices weigh down crop prices, but on the other hand they should lower farm input costs. “We will see cheaper production costs from […] Read more
WP livestock report
Hogs rise U.S. hog prices edged higher as cold, snowy weather discouraged producers from making deliveries. Processors were busy meeting demand for Easter hams, but demand could fall once that need is met. Iowa-southern Minnesota hogs delivered were US$46.50-$48 per hundredweight Feb. 12, up from $45.50-$46.50 Feb 5. U.S. hogs averaged $632.31 on a carcass […] 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 lower The Canfax weighted average fed steer price was $173.56 per hundredweight, down $3.65, and […] Read more
