Markets
Extreme weather patterns make harvest volatile as a key grain-growing region cuts production forecast by 38 per cent
ROSTOV REGION, Russia (Reuters) — Under the sweltering sun and in temperatures of 50 C, farmers in the Rostov region — Russia’s breadbasket — toil to salvage a harvest battered by a heat wave, frosts and floods. Accounting for 11 per cent of Russia’s total grain harvest last year, Rostov is one of the key […] Read more
Markets
VIDEO: Decent crop can create its own marketing challenges
Many western Canadian farmers are facing a marketing problem they haven’t had to think much about for the past five years. They, and many of their neighbours, will probably have a good crop to sell into a glutted market. No matter who you spoke with at Ag in Motion, farmers reported having or seeing great […] Read more
New report highlights optimism, resignation in ag sector
Canadian Agri-Food Policy Institute and Global Institute for Food Security find a lack of confidence in government
Glacier FarmMedia – Concerns about a troublesome policy and regulatory environment, extreme weather and trade barriers keep Canadian agriculture professionals awake at night. That’s according to a joint report from the Canadian Agri-Food Policy Institute (CAPI) and the University of Saskatchewan’s Global Institute for Food Security on risks in Canada’s agrifood system. The report provides […] Read more
Brazil aims for wheat self-sufficiency
‘Tropical wheat’ that can grow in country’s savanna-like region will be key to meeting objective
Glacier FarmMedia – Brazil is on its way to becoming self-sufficient in wheat over the next 10 years, says the U.S. Department of Agriculture. The USDA attaché in the country’s capital of Brasilia said the expansion of wheat will include cultivating “tropical wheat” in the savanna-like region of central Brazil known as the Cerrado biome. […] Read more
VIDEO: Normal mustard crop may bring normal prices
Grain buyer says crop will likely be more plentiful this year due to better weather, which will change how it is marketed
LANGHAM, Sask. — If an average mustard crop comes in, be prepared for “traditional” prices, says a leading special crop buyer. That means farmers will have to market like they did in the days before the drought-induced crop shortages of recent years. “Trying to hang on to the bushels for as long as possible hoping […] Read more
Bumper crop potential grows
LANGHAM, Sask. — Western Canadian farmers are sitting on a bumper crop, according to a leading grain analyst. “If we have a nice harvest period, we have the potential for having a close-to-record crop on the Prairies this year,” said MarketsFarm analyst Bruce Burnett. That observation is based on a recently completed 3,500-kilometre crop tour […] 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. Fed market stable After trending lower over the past month, the market found some stability with weighted […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was $65.30 July 19. It was not available July 12. U.S. hogs averaged $82.42 on a carcass basis July 19, down from $83.04 July 12. The U.S. pork cutout was $102.16 per hundredweight July 19, down from $98.84 July 12. The estimated U.S. weekly […] Read more
Good demand expected for Canada’s two biggest crops
Glacier FarmMedia – There should be good demand for Canada’s two biggest crops this year, an economist says. Stephen Nicholson, global sector strategist of grains and oilseeds for Rabobank, said the U.S. hard red winter crop is big and getting larger as the weeks tick by. On the surface that sounds like it would be […] Read more
Russia, India strengthen ag trade relationship
Indian imports of Russian grain and grain products rose 22 fold this year, driven by pea, lentil, barley and corn shipments
MOSCOW, Russia (Reuters) — India increased its imports of Russian grain and grain products 22 fold in the 2023-24 agricultural season, well above other major importers, according to data released during Indian Prime Minister Narendra Modi’s recent visit to Moscow. Economic co-operation between the two BRICS members and major agricultural powers was high on the […] Read more
