Markets
Lower exports by Turkey and Russia may open doors for Canadian sales
SASKATOON — Two of Canada’s main durum market competitors have been less of a force so far in 2024-25. “As for Turkish and Russian exports, we do confirm that they are down significantly compared to last marketing year,” Carlotta De Pasquale, market intelligence officer with Italian agri-food intelligence firm Areté, said in an email. The […] Read more
Markets
Trade deal review could come early
Experts suggest Trump could call for early review of CUSMA
SASKATOON — United States President-elect Donald Trump could request an early review of the Canada-United States-Mexico Agreement, says a senior Canadian government official. CUSMA is a 16-year free trade agreement between the three countries that was implemented in 2020 and expires in 2036. It is subject to periodic reviews, with the next one scheduled in […] Read more
Canadian dollar shows weakness
The Loonie has suffered less than the euro, which has dropped by nearly three per cent since the U.S. election
The U.S. greenback has been on a tear since the election, with the nearby U.S. dollar index trading just over 106 points. This represents a three per cent gain in the U.S. dollar since pre-election lows. The dollar index is a trade-weighted basket of currencies and gives an indication of the strength of the U.S. […] Read more
U.S. policy shifts join weather, economics as market movers
Crop market forecasting for the coming months has become more complicated as questions about American policy direction are added to the usual issues about weather and economic developments. Donald Trump is busy selecting loyalists for his cabinet. With both houses of Congress also in Republican hands and likely to be in tune with Trump’s agenda, […] Read more
Can Singapore be a plant protein partner?
Southeast Asia is an important growth market and could become a processing hub for Canadian food ingredients
WINNIPEG — Canada may need a partner in southeast Asia to tap into booming demand for food, ingredients and protein in that region. Singapore is one option, says the head of Protein Industries Canada. A delegation from Singapore visited Canada this summer and met with Protein Industries Canada, a group trying to make this country […] Read more
Jet fuel mandate could harm feed markets
SASKATOON — A push to use ethanol to make jet fuel could have a profound impact on feed markets, says an analyst. “Increasingly there are initiatives that are coming into play that are starting to look at ethanol more seriously as a potential feedstock for sustainable aviation fuel,” Tim Worledge, editorial director of Fastmarkets, said […] 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 prices rally Alberta fed prices traded in the mid $240s per hundredweight last week. It was […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts on November 15 was not available. It was $60.14 on November 08. U.S. hogs averaged was $84.67 on a carcass basis November 15, up from $81.67 on November 08. The U.S. pork cutout was $97.11 per cwt. November 15, down from $102.38 on November […] Read more
Healthy pea sales on pace but India actions uncertain
SASKATOON — Canada’s pea exports are off to a torrid start in 2024-25. Bulk shipments were 1.12 million tonnes through week 14 of the crop year, up from 720,000 tonnes at the same time one year ago, according to the Canadian Grain Commission. The total does not include container shipments, which account for 30 to […] Read more
American farmers should diversify, says analyst
SASKATOON — Grain farmers in the United States are in a financial pinch and may want to look north of the border for a way out, says an analyst. Growers have been cutting costs during the last 2.5 years of the current downcycle. They have reduced equipment purchases, cut back on fertilizers and crop protection […] Read more
