Markets
November soybean futures are well below the estimated cost of production of $11.90 per bushel
SASKATOON — A leading analyst says grain prices should be bottoming out, but a recent supply and demand report did not help matters. “We are already down to extremely cheap price levels on corn and beans,” said DTN lead analyst Todd Hultman. Related stories: “It’s just hard for me to imagine much more downside risk, […] Read more
Markets
Canada labour board ruling opens door for rail workers to be off the job by Aug. 22
Glacier FarmMedia – MarketsFarm — Workers at Canada’s two major railways could be off the job as early as Aug. 22 following a decision by the Canada Industrial Relations Board (CIRB) issued Aug. 9 on the safety implications of a stoppage. The CIRB ruled that a strike or lockout would not result in a serious […] Read more
CAFTA suggests ‘guardrails’ to protect trade principles
Rules are needed about who gets to make the rules on trade and sustainability, says the Canadian Agri-Food Trade Alliance. “These would be the guardrails,” said CAFTA president Greg Northey about the organization’s “Principles for Sustainable and Fair Trade in Agri-Food Sector,” which it released Aug. 6. CAFTA and other exporting nations are worried by […] Read more
Canadian markets ignore weather woes for now
Glacier FarmMedia – Heat and a lack of moisture in parts of Western Canada likely cut into production prospects this year. However, any weather concerns have yet to find their way into the markets, and solid production prospects out of the United States are weighing on values overall. November canola futures hit a contract low […] Read more
Holding on to barley stocks called risky move
Ending stocks are low and likely to go lower, but it’s not expected to push prices back to where they were in recent years
Western feedgrain prices are good by historical measures, but it might not feel that way after recent years, says Jim Beusekom of Market Place Commodities in Lethbridge. “We got used to … some pretty lofty prices. Now we’re returning to some prices that are actually still higher than (they were) in 2019,” said Beusekom. “We […] Read more
Falling wheat prices encourage Asian customers to buy
Bangladesh among region’s top importers as a steep drop in prices in recent weeks spurs importers to book shipments
SINGAPORE (Reuters) — Asian wheat buyers have stepped up purchases in recent weeks, taking cargoes from the Black Sea region as they returned to the market after a long gap, drawn by a fall in global prices. Regional millers producing flour and animal feed have signed deals to buy close to one million tonnes of […] Read more
Can farmers fool markets with bogus yield estimates?
An entertaining part of being an agricultural journalist is trying to figure out how the crops are doing. If you ask a farmer, the traditional answer is: “Who’s asking? You or Statistics Canada?” It’s a humorous recognition that farmers don’t like to provide an accurate assessment to the federal crop surveyors. Why? Many think that […] Read more
China’s food market presents both opportunity and risk
University of Guelph academic takes a look at what history says about managing China’s market potential and politics
China provides risk and reward for Canadian agriculture exporters. With rhetoric escalating around the world, the risk could become a greater challenge. With Russia’s full-scale invasion of Ukraine, the Houthis taking potshots at shipping vessels in the Red Sea, and China increasingly aggressive in the Indo-Pacific, war and near-kinetic levels of conflict have thrown several […] Read more
Trump trade threats a global concern
Importers and exporters around the world are uneasily analyzing what a 10 per cent tariff, or other border measures likely in a second Donald Trump U.S. presidential term, could mean for trade. “Europeans are deeply concerned,” said Brussels, Belgium-based U.S. consultant and canola trade expert Angela Dansby. “Trump has made steps toward all the threats […] Read more
Canfax report
This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattle Association. More market information, analysis and statistics are available by becoming a Canfax subscriber by calling 403-275-5110 or at www.canfax.ca. Impressive fed market Fed cattle prices have averaged in the mid to upper $250s per hundredweight for […] Read more
