Markets
WINNIPEG, Manitoba/CHICAGO, Jan 26 (Reuters) – Canada is aiming to supplant the United States as the Western Hemisphere’s dominant wheat exporter, as its invigorated grain-exporting sector cashes in on weakening currency and cheap freight rates. Canada overtook the United States in 2014/15 in wheat export volumes for the first time, exporting 24.1 million tonnes. It […] Read more
Markets
Canada aims to leapfrog U.S. in global wheat trade
Egypt’s ergot fungus saga leaves wheat traders in limbo
CAIRO/ABU DHABI, Jan 26 (Reuters) – One Egyptian official’s tough stance on wheat imports carrying a fungus that wreaked havoc in the Middle Ages is baffling global grain traders and putting a spotlight on policy-making disarray in the world’s biggest purchaser of the commodity. Alarm bells began ringing in Egypt when a 63,000 tonne wheat […] Read more
El Niño parches Asia Pacific, destroying crops and drying up water sources
BANGKOK, Jan 26 (Thomson Reuters Foundation) – Severe El Niño-linked drought has destroyed crops, killed farm animals and dried up water sources across East Asia and the Pacific, aid workers said, and UNICEF appealed for $62 million to assist children impacted by various crises in the region. Humanitarian agencies are monitoring and responding to droughts […] Read more
LIVESTOCK-Market uncertainty reverses CME live cattle futures gains
CHICAGO, Jan 25 (Reuters) – Chicago Mercantile Exchange live cattle futures closed lower on Monday, erasing Friday’s advances after investors struggled to find clear direction amid a host of market influences, traders said. February live cattle closed down 0.650 cent per lb to 131.425 cents, and April ended 0.850 cent lower at 132.225. “Uncertainty is […] 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. Canadian fed cattle rally The Canfax fed steer weighted average was $176.95 per hundredweight, up $2.18, while […] Read more
WP livestock report
Hogs creep higher Solid pork demand and a shift to colder U.S. Midwest weather that might slow deliveries supported American hog prices. Iowa-southern Minnesota hogs delivered were US$39–$39.50 per hundredweight Jan. 8, up from $38 Jan. 4. U.S. hogs averaged $51.03 on a carcass basis Jan. 8, up from $48.96 Dec 31. The U.S. pork […] Read more
Canola lags in quiet futures market
Crop futures markets had a relatively quiet day, with canola lagging, as equity markets reversed downward. Soybean oil was the weakest part of the crops market, hurting canola, even as a weak Canadian dollar helped stop canola slipping further. Soybean meal rose, and wheat had a strong day. Wheat’s strength might have been due to […] Read more
Mustard producers relish sweet prices
A small crop last year, strong demand and a weak Canadian dollar have helped make the crop more valuable this year
Mustard might be sharp tasting but its price has been sweet for Canadian farmers this year. And the outlook for 2016 continues favourable. “I think where new crop bids are now is going to be the floor in the market and we’ll see where it goes from there,” Chuck Penner of LeftField Commodity Research told […] Read moreCME live cattle futures rally ahead of USDA report
CHICAGO, Jan 22 (Reuters) – Chicago Mercantile Exchange live cattle futures gained for a second day in row on Friday, supported by follow-through buying after contracts settled up by their 3-cent-per-lb daily price limit on Thursday, said traders. Investors also tweaked positions before Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report at 2 p.m. CST […] Read more
Lock in lentil, pea prices now: analyst
Prices for old and new crop yellow peas, red and green lentils are 150 to 200 percent of what they were a year ago
Farmers should be locking in enough new crop peas and lentils at today’s attractive prices to cover the estimated 2016 cost of production, says an analyst. “These are historical moments,” Marlene Boersch, a partner in Mercantile Consulting Venture, told farmers attending CropSphere. “Don’t be discouraged when you don’t hit the top price. That’s not the […] Read more
