Manitoba’s newest slaughter plant is up and running, although the facility north of Carman is still waiting for the stamp that would make it the first federally-inspected plant in the province with significant beef capacity in three decades. True North Foods is currently processing 80 to 100 head of cattle and bison per week, with… Read More
Category: Markets
Grains continue to trade a bit sideways to higher as buyers went out into the market to find some supply with “let’s bring some stuff in” attitude earlier in the week but things pulled back later on. The oilseed complex is being supported by solid US soybean sales and oil prices heading higher. With some… Read More
Canola oil stands to be one of the “big winners” if the Trans-Pacific Partnership deal is ratified. Negotiations on the 12-country deal concluded earlier this month, with Canadian grain and oilseed, beef and pork sectors welcoming the market access in it. Lawrence Yakielashek, general manager of FarmLink Marketing Solutions, explains in the interview above how there… Read More
Grains came through mid-October with corn and wheat staying relatively unchanged-to-lower while the oilseeds complex saw a bit of a tick up. Overall, the market has been weighing in El Nino reports, more North American harvest progression, and the dryness of some areas around the world. Some headlines to watch include scorching temperatures continuing to… Read More
G3 Canada — the grain company formed with Bunge and SALIC’s acquisition of the former Canadian Wheat Board — is building a new grain terminal in Hamilton to source grains and oilseeds from Ontario. “Grain exports from southern Ontario have been increasing for some time now. We look forward to expanding our relationship with farmers in… Read More
Grain prices this week flopped around a bit as the market dealt with some currency moves. Relatively decent harvest weather has greeted western Canada and, though dryness concerns are still hitting other parts of the world, it’s time to turn the bushel number counter on for corn and beans across the U.S. and eastern Canada. The Black… Read More
We’re not entirely sure how the Beef Market Update started and ended with turkey and the Jays, but the real meat of this week’s podcast centres around how fed cattle prices have dropped, with both the feeder and calf markets following suit. On what we can expect for the rest of the year in the… Read More
Grains this week were mixed as the market was chasing weather, export trade data, and harvest headlines. We ended the trading quarter this week, and oats was the biggest loser, dropping 15% over the course of it, followed by Chicago wheat (-12.8%), soybeans (-12.1%), canola (-10.6%), and corn (-10.5%). From a currency perspective, the Canadian… Read More
Statistics Canada has raised its production estimates for wheat and canola, but there’s a good chance the final numbers after harvest will be higher, according to the head of ProFarmer Canada. The September StatsCan estimates, based on a survey of 9,300 farms conducted between September 3 and 13, were released on Friday morning. The all-wheat estimate of… Read More