Markets
Manitoba and Alberta set records for potato yields this fall, says Statistics Canada. Manitoba potato growers had an average yield of 322.8 hundredweight per acre and Alberta producers were at 384.3 cwt. per acre. The previous high for Alberta, set last year, was 361.1 cwt. per acre. For Manitoba, the previous record of 310 cwt. […] Read more
Markets
Improved agronomy credited for abundant potato production
VIDEO: Canada’s agricultural markets update – November 25, 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: Canola […] Read more
Canola lags behind soybean comeback
The soybean markets bounced off some new contract lows to stage an impressive comeback Monday, but canola lagged behind, unable to keep up. It was as if the market first sold off in response to the Argentine election results, then bought on the news, assuming all the negatives had already been factored in to prices. […] Read more
Soy hits 6 ½ year low on Argentina vote, strong US dollar
LONDON, Nov 23 (Reuters) – U.S. soybeans fell to the lowest level in more than 6 ½ years on Monday weighed by the election in Argentina of a president who has promised to cut export taxes and boost production in the South American farming powerhouse. Corn and wheat prices on the Chicago Board of Trade […] Read more
U.S. feedlot cattle placements in October hit nearly 20-year low, meeting trade expectations
By Theopolis Waters CHICAGO, Nov 20 (Reuters) – The number of cattle placed into U.S. feedlots last month fell four percent from a year ago to their lowest level for October since the government began tabulating the data in 1996, a U.S. Department of Agriculture report showed on Friday. However, October’s placement results nearly matched […] Read more
LIVESTOCK – live cattle futures slide before USDA report
By Theopolis Waters CHICAGO, Nov 20 (Reuters) – Chicago Mercantile Exchange live cattle futures lost modest ground on Friday, amid caution ahead of Friday afternoon’s cash prices and the U.S. Department of Agriculture’s monthly Cattle-On-Feed report, traders said. Analysts expect the report to show fewer cattle placed into feedlots last month than a year ago. […] Read more
Canola falls 1.5 percent this week
Canola futures closed a little lower on Friday after a day of choppy trade. At work were the same factors that have pushed and pulled canola prices for weeks. The canola crop is fairly large and it is competing against a record large world soybean crop. However, the relatively weak Canadian dollar is helping to […] Read more
Record potato yields in both Alberta and Manitoba
Manitoba and Alberta set records for potato yields this fall, according to Statistics Canada. Manitoba potato growers had an average yield of 322.8 hundredweight per acre and Alberta producers were at 384.3 cwt. per acre. The previous high for Alberta, set last year, was 361.1 cwt. per acre. For Manitoba, the previous record of 310 […] Read more
Stronger weekly U.S. export sales dominate Thursday crop market
A surprise in U.S. grain and oilseed weekly sales announced Thursday lifted most crop markets, but canola did not go along for the ride. In light trade, January canola closed at $465.30, down $1.80 or 0.39 percent, pressured by a stronger loonie and bearish technical chart signals. Traders await the Dec. 4 posting of the […] Read more
Grain surplus wrecks Chinese ag policy
China’s food self-sufficiency policies have been too successful, creating mountains of surplus grain. It is embarking on policies to encourage consumption and reduce support for domestic corn production with an aim to lower corn acreage by 20 percent. For a country preoccupied by self-sufficiency in grain, this change in direction is mind blowing. The U.S. […] Read more
