VANCOUVER – Futures contracts may be available to pulse growers in the not too distant future David Rutledge, chief executive officer of the Dubai Multi Commodities Centre in the United Arab Emirates, said his company is contemplating offering contracts for yellow peas, red lentils, desi chickpeas, pigeon peas, black matpeas and possibly other pulses. “My […] Read more
Markets — page 926
Middle East firm considers pulse contracts
Western Producer Livestock Report
Fed cattle rise Steer and heifer average prices were $1-$1.25 per hundredweight higher than last week with most of the trade established on July 11, Canfax said. The higher Canadian dollar, coupled with higher U.S. and Canadian prices, saw the basis narrow, but that didn’t stop U.S. buyer interest. Sales totalled 25,422 head, up 46 […] Read more
Supply, demand align in pulses’ favour
VANCOUVER – Jim Moen was feeling good earlier this month after sitting through a series of market outlook presentations for special crops. The speakers reaffirmed what the grower from Cabri, Sask., already suspected – good demand is forecast for the coming year and supplies will be tight. “That’s encouraging for most pulse crops,” said Moen, […] Read more
Quality malting barley a hot commodity
Getting good malting barley is getting hard. That’s what two of Canada’s export barley customers say about finding the beer ingredient in the world market. “It is more difficult,” said Japanese maltster Masaharu Sugiura in an interview during a visit to the Canadian International Grains Institute in Winnipeg. Colombian maltster Carlos Andres Badel Robles agreed. […] Read more
Durum in limelight – Market Watch
Welcome to Market’s new location. Our regular package has moved forward to this new permanent location in the paper, joining the sweep of our top news, because you’ve told us that market information is among your priorities. For a full explanation of changes in this week’s paper, read Barb Glen’s Notebook column on page 13. […] Read more
Canola shining like gold this year
Canola is getting pretty old to be referred to as the Cinderella crop of the Prairies. But the mature oilseed crop is certainly a princess this year, with farmers enjoying excellent crops and good price projections. Usually big crops mean low prices, but this year canola is being pushed higher by the predicted dearth of […] Read more
Lentil numbers surprise industry experts
Jaws dropped when Statistics Canada revealed growers planted more large green lentils and fewer red lentils this spring, the opposite of what the trade expected. The agency’s June survey of 29,000 farmers said growers in Saskatchewan planted 560,000 acres of large greens, up 18 percent from last year, and 470,000 acres of reds, down 18, […] Read more
Market should accommodate expanding U.S. hog production – Pig Tales
The June 1 U.S. Department of Agriculture hogs and pigs report released June 29 came in at the high end of expectations and could be considered slightly bearish, on the surface. Some commentators use the report’s weight breakdown estimates to forecast marketings by the month. The idea is to estimate growth rates and forecast how […] Read more
Short-term drop gives long-term support – Market Watch
The key support for grain markets this year, the price of corn, has dropped about 25 percent from its mid June peak when supply shortage fears were eased. Dry weather threatening production in the eastern corn belt was relieved by rain. Also, the U.S. Department of Agriculture June seeding survey said American farmers had sown […] Read more
Western Producer Livestock Report
Feds mostly steady The fed cattle market was steady to slightly stronger last week as higher prices in the United States and strong producer resolve not to sell at lower prices forced packers to raise bids. This was good news in a market hard pressed to find anything positive recently, Canfax said. The U.S. market […] Read more
