Markets
MANILA, Phillipines (Reuters) — The federal Liberal government is reviewing a $4.3 billion package designed to compensate farmers for losses they might incur under a new Pacific trade deal, trade minister Chrystia Freeland told reporters today. Freeland’s remarks add to the uncertainty over whether the Liberals will ratify Canada’s participation in the 12-nation Trans-Pacific Partnership agreement, […] Read more
Markets
Liberals review TPP compensation agreement for dairy, poultry
LIVESTOCK – CME live cattle futures finish strong after wild ride
CHICAGO, Nov 17 (Reuters) – Chicago Mercantile Exchange live cattle contracts closed higher on Tuesday amid massive short-covering spurred by higher wholesale beef values that overcame selling led by lower cash price expectations for later this week, traders said. Spot December finished at 128.025 cents per lb, up 0.350 cent, and February 0.925 cent higher […] Read more
Canola futures dip on currency, technical factors
Crop futures, including canola, moved only a little on Tuesday, mostly on technical factors and currency shifts. Canola dipped slightly even though soybeans edged higher on bargain buying and a slower than normal pace of seeding in Brazil. The biggest mover today was Chicago wheat, which fell more than one percent following the weekly crop […] Read more
Canola makes little movement
Staying flat at the bottom is better than falling, soybean growers probably think. And a slight gain in canola is better than the opposite, growers are likely to feel. That was what farmers were left looking at after the close of trading Monday, with soybean futures skidding along at what might be the end of […] Read more
VIDEO: Canada’s agricultural markets update – November 12, 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
Canola falls 1.7 pct on week, Chicago wheat down five pct
Crop futures were mostly a little lower on Friday, including canola, which slipped on weaker soybeans and soy oil. Soybeans weakened on a private analyst’s forecast of increased U.S. soybean acreage next spring. January canola closed at $471.50 a tonne, down $1.60 or 0.34 percent on the day. Over the week, January fell $8.20 or […] Read more
VIDEO: G3 promises more efficient grain handling
Global Grain Group plans to provide a much-improved grain handling option rather than just being a tiny player in the prairie economy, says its chief executive officer. “It’s a model based on efficiency and a model based on removing as many bottlenecks as we can,” Karl Gerrand said during a Nov. 3 question-and-answer session at […] Read more
Public sector must open wallets for ag research
Canada’s most significant new private sector player in the grain industry is speaking strongly in favour of increased public sector investment. Karl Gerrand, chief executive officer of Global Grain Group, told the Cereals North America conference Nov. 3 that government cutbacks to agronomy research threaten the future competitiveness of prairie farmers and the grain economy. […] Read more
India’s pulse seeding plans linked to rain
A large Indian winter crop is the one thing that threatens to reverse the recent bull run in pulse markets, say analysts. Seeding of India’s winter crop is ahead of last year’s pace but behind the long-term average. The Indian government an-nounced attractive minimum support prices for chickpeas and lentils last week in an attempt […] Read more
Prepare for volatile weather
The world might be on the cusp of more tempestuous weather, agricultural weather analysts say. They will be closely watching the evolution of the El Nino-La Nina situation in coming months and comparing it to past oscillations. “This looks an awful lot like a change in the decadal pattern,” Scott Yuknis of Climate Impact Co. […] Read more
