Fat cattle markets in the U.S. headed down this week, at $3-$4 lower in the south, reflecting a larger downward trend since price peaks hit in September, says Anne Wasko in this week's edition of the Beef Market Update. Western Canadian action was pretty quiet this week, with not a pile of volume in terms... Read More
Category: Markets
There is an early weather market making some noise for soybeans and corn in Brazil and funds making waves in the canola and wheat markets; however, there are some developments around the Black Sea region that may not be getting as much coverage that could also have big impact on crop prices next year. Neil... Read More
As expected, cattle markets were a little quieter this week in light of U.S. Thanksgiving on Thursday. Still, there was plenty of trade, cattle-on-feed data, and export numbers released so that Shaun Haney and Anne Wasko of the Gateway Livestock Exchange have no shortage of news to discuss this week in the Beef Market Update.... Read More
ADM and Marathon Petroleum Corp. held a ribbon-cutting ceremony on November 14 to celebrate the opening of their joint venture soybean processing facility at Spiritwood, North Dakota. Green Bison Soy Processing is the state's first soybean-specific processing complex, and a major step towards meeting increased demand for renewable diesel, the companies say. The facility —... Read More
Cattle markets have not had a great week. "It's been a tough week, to be very blunt with you," says Anne Wasko of the Gateway Livestock Exchange. "In the cattle markets, it doesn't matter where you are, north or south." For this not-very-rosy Beef Market Update, Wasko starts off where we usually do, with U.S.... Read More
It's the tale of two very different markets when it comes to red and green lentils, with both markets seeing early excitement to the upside earlier this year. But now, Chuck Penner says, red lentil prices have dropped off sharply from the highs, while green lentil prices are strong enough there are new-crop bids already... Read More
British cheese companies are ramping up pressure on the UK government to reach a deal with Canada before they lose preferential market access in the Canadian market on December 31. With the deadline looming, the cheese import issue has been linked with Canada's long-standing quest for increased beef market access into the UK. According to... Read More
Farmers and ranchers have gotten pretty familiar with high diesel prices, but have likely noticed a bit of a relief from last month's high. Patrick DeHaan, head of petroleum analysis at GasBuddy, says the average price of diesel across Canada right now is $1.81 per litre, down from $1.88 in mid-September. "Any decrease in the... Read More
Transport Canada has launched public consultations on Bunge's proposed US$8.1 billion acquisition of Viterra. Transport Minister Pablo Rodriguez decided in September that the combination of the two grain companies warranted a review under the Canada Transportation Act regarding the impact it could have on Canada's transportation system. Both Viterra and Bunge hold ownership interest in... Read More
The labour impasse between the St. Lawrence Seaway Management Corporation (SLSMC) and the Unifor union appears to have ended after a weekend of negotiations between the two sides. Approximately 360 members of five local chapters of the Unifor union in Ontario and Quebec were on the picket line starting October 22, 2023, after failed negotiations.... Read More