Markets
There will be a lot more canola in Canada this marketing year than was expected this summer. However, demand is breaking records, so the supply might not be a burden on prices. Canola production will likely top 15 million tonnes, about a million tonnes more than expected when Statistics Canada surveyed in early September. Carry-in […] Read more
Markets
Crops bigger than StatsCan estimates
Provincial crop reports suggest Statistics Canada will increase yields when it releases its next production estimate Dec. 4. The latest yield estimates from agriculture departments in Manitoba, Saskatchewan and Alberta are higher for most of the major crops than those contained in Statistics Canada’s Oct. 2 report. The trade has already adjusted prices to reflect […] Read more
WP livestock report
Hogs weaker U.S. cash hog prices were pressured lower by increasing carcass weights and improved market-ready hog supply. Cooler temperatures and ample newly harvested corn supply led to fast weight gain. Packers are enjoying strong profit margins. The U.S. monthly cold storage report Oct. 22 showed total September pork inventories at 656.4 million pounds, a […] Read more
Chicago oat futures in death throes, says analyst
Oat analyst Randy Strychar warned a couple of years ago that the oat market was on the verge of toppling into a cash market with contract production. He’s almost ready to declare that the toppling has occurred. “We are heading for contracting, and I don’t think you can stop it,” said Strychar, who had been […] Read more
Canaryseed yields good, mustard still short
Saskatchewan Agriculture says the province’s canaryseed and mustard crops are much bigger than Statistics Canada is forecasting. Analysts believe that in one case the province is right and in the other it is wrong. In a recent crop report, the provincial government pegged average canaryseed yields at 1,099 pounds per acre and mustard yields at […] Read more
Liberal victory spells new era for agriculture
The Trans-Pacific Partnership will survive Justin Trudeau’s election victory. It might not have survived a Thomas Mulcair win. That’s the biggest result of the recently completed federal election for western Canadian farmers, who either rely on access to foreign markets or make their money from the supply management system. The surprising election result will have […] Read more
India’s stock limit may halt imports
MUMBAI, India (Reuters) — Most of the 2.5 million tonnes of pulses that India has contracted for shipment in October-January could be cancelled if a state government continues a stock limit policy it introduced last week, says the head of a trade body. The cancellation of pulse imports from countries such as Canada, Myanmar and […] Read more
Grainworld forum cancelled next year
Grainworld, Canada’s longest-running and often biggest grain market conference, won’t happen next year and may never occur again. “I am not going to run it anymore,” said John Duvenaud, publisher of the Wild Oats markets newsletter and Grainworld operator. Duvenaud never lost money on the two-day conference, but its daunting size became a drag on […] 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 firm Trade was too light to set a price trend, but improved Chicago cattle futures […] Read more
VIDEO: Canada’s agricultural markets update – October 28, 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: Wheat […] Read more
