Markets
Prime minister Pierre Trudeau made history in the fall of 1970 when he established diplomatic relations with communist China. It’s been 45 years, but the Chinese have not forgotten. “The Chinese are very sentimental about historical milestones,” said Sarah Kutulakos, executive director of the Canada China Business Council. “Trudeau (represented) … the first major western […] Read more
Markets
Chinese leader sees new hope for trade
Producers see major cattle price correction
What goes up must come down, and cattle markets are no different this fall. “We have seen some significant changes. This year we probably have lost $70 per hundredweight on our calf prices,” Brian Perillat, senior market analyst for Canfax, told the Alberta Beef Producers annual meeting in Calgary Dec. 9. “We lost a lot […] Read more
Weaker loonie to linger into 2016-17 crop year
Canola edged slightly higher last week, even as analysts increased their forecasts for South America’s soybean production and crude oil prices fell. Support came from solid soy oil prices and the low Canadian dollar, which fell to an 11 1/2 year low. The loonie is under pressure as crude oil prices fall on burgeoning stocks. […] 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 fall Many feedlots deliberately pushed cattle from November into December hoping for a price recovery, […] Read more
WP livestock report
Hogs steady U.S. packers maintained bids to coax deliveries to match their strong slaughter plans. Good operating profits encouraged packers to maintain an elevated slaughter pace. Iowa-southern Minnesota hogs delivered were US$40-$40.50 per hundredweight Dec. 11, steady with $40.50 Dec. 4. U.S. hogs averaged $50.96 on a carcass basis Dec. 11, steady with $50.92 Dec […] Read more
Veg oil rally stabilizes canola
Just when it needed one, a white knight has ridden to the rescue of canola in the form of a soybean oil rally. It’s a pleasant turnaround for canola growers, considering that Statistics Canada surprised markets Dec. 4 by announcing that farmers had produced more canola than expected. “It offers a cushion,” Greg Kostal of […] Read more
Adaptation will blunt climate change’s impact
CHICAGO, Ill. — Farming is a risky business that is going to get riskier, says a senior grain industry executive. “Mark Twain famously said farming is gambling with dirt, and I think we can all agree in this room that climate change further loads our dice,” Cargill executive director Greg Page told DTN’s Ag Summit […] Read more
Parish & Heimbecker to build flour mill
P&H Milling Group, the largest Canadian-owned milling company, is building a $45 million flour mill in Hamilton, Ont. The mill will be built adjacent to the terminal elevator that its parent company, Parrish & Heimbecker Ltd., opened in 2011 at the Port of Hamilton. P&H Milling will spend $40 million on the project, and the […] Read more
Canola futures fall with other crops on ample supply
The U.S. Federal Reserve on Wednesday afternoon raised interest rates for the first time since 2006. The 25 basis point increase was widely expected and now the market is assessing the Fed’s comments about further increases in 2016. Higher U.S. interest rates will support the U.S. dollar and discourage American grain and oilseed exports. Crop […] Read more
VIDEO: Canada’s agricultural markets update – December 16, 2015
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: The […] Read more
