demand Archives | Country Guide

Pulse weekly outlook: Export demand supports lentils

India set to extend current tariff reductions

By Marlo Glass – MarketsFarm November 9, 2020

Reading Time: < 1 minute MarketsFarm — Lentil prices in Western Canada saw a counter-seasonal rally at the end of harvest and are likely to sustain that rally into winter. “Prices are going to keep going higher,” Darcy Barie, a commodity buyer with Verdient Foods at Vanscoy, Sask., said. Ahead of the 2020 harvest, red lentils were around 24 cents/lb. […] Read more

Crops, Markets

Canada’s wheat ending stocks projections raised

By Phil Franz-Warkentin - MarketsFarm October 24, 2020

Reading Time: < 1 minute MarketsFarm — Canadian wheat ending stocks for the current 2020-21 marketing year are forecast to be larger than earlier expectations, according updated supply/demand estimates Thursday from Agriculture and Agri-Food Canada. All-wheat ending stocks for 2020-21 are now forecast at 6.3 million tonnes, which compares with the September estimate of 5.9 million. The total wheat carryout […] Read more

Canola, Crops, Markets

ICE weekly outlook: ‘Demand-pull’ environment supports canola

By Phil Franz-Warkentin - MarketsFarm October 7, 2020

Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, moving back toward the contract highs hit in September. Canola is pushing upside chart limits and modest corrections are likely going forward, but the fundamentals remain supportive and “the trend is up until further notice,” said analyst Mike Jubinville of MarketsFarm Pro. […] Read more

Crops, Markets

AAFC lowers wheat carryout estimate, raises canola

By Phil Franz-Warkentin - MarketsFarm September 26, 2020

Reading Time: 2 minutes MarketsFarm — Updated supply and demand estimates from Agriculture and Agri-Food Canada call for tighter wheat carryout for the 2020-21 crop year than previous forecast — and more canola. Tursday’s report provides the first adjusted balance sheet estimates from the government agency that account for the latest production numbers from Statistics Canada released earlier in […] Read more

Canola, Crops, Markets, Weather

ICE weekly outlook: Canola shows volatility after long weekend

By Glen Hallick - MarketsFarm September 9, 2020

Reading Time: 2 minutes MarketsFarm — Although there remains a lot of canola to be combined, one trader believes most harvest pressure on the market has already passed. “The farmers who wanted to sell off of the combine or shortly after, probably have done so already,” said Jerry Klassen, an independent Winnipeg commodities trader. There will still be some […] Read more

Livestock, Markets, Reuters

U.S. livestock: Hogs tumble on bigger-than-expected supply, economic concerns

Rising COVID-19 counts raise fears for beef demand

By Karl Plume June 26, 2020

Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures plunged by as much as the daily trading limit on Friday and ended sharply lower after the U.S. Department of Agriculture (USDA) estimated supplies above already-high trade expectations. Economic concerns amid rising novel coronavirus infections added pressure to hogs and also dragged down cattle futures, which finished […] Read more

Livestock, Markets, Poultry/Eggs

Fall quota level based on ‘rebound’ in chicken demand

National allocation trimmed two per cent for September-October period

By Dave Bedard June 19, 2020

Reading Time: 2 minutes A relatively small tweak to national chicken quota allocation has been set for much of this autumn, following a stretch of heavy pandemic-related cuts. At a Chicken Farmers of Canada meeting Tuesday, national allocation for quota period A-165 (Aug. 30 to Oct. 24, 2020) was set at minus two per cent from its adjusted base. […] Read more

Hogs, Livestock, Markets

Hog sector hit hard by pandemic

Market weakness seen likely to push some farmers out of business

By Phil Franz-Warkentin - MarketsFarm June 17, 2020

Reading Time: 2 minutes MarketsFarm — COVID-19 has hit the hog sector hard, with the double-edged sword of large supplies and reduced demand weighing heavily on the market. “The prospect of profitability at current forward prices and at current cash prices is nil… and there’s really no prospect of making anything this year,” said Tyler Fulton, director of risk […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola nearing resistance

By Phil Franz-Warkentin - MarketsFarm May 21, 2020

Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts have trended higher over the past month, but may be nearing the upper end of their nearby range. Solid demand, from both exporters and domestic crushers, has kept canola well supported, while a firmer tone in world energy and vegetable oil markets should also add some upside momentum, according […] Read more

Livestock, Markets, Reuters

U.S. livestock: Live cattle futures drop as pandemic roils markets

Technical buying lifts hogs, feeder cattle

By P.J. Huffstutter April 6, 2020

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures plunged to their daily trading limit on Monday — with prices for the front-month contract hitting the lowest seen since December 2009 — as beef inventories remain robust with much of the U.S. restaurant industry shuttered due to the pandemic. April live cattle were down the 4.5-cent […] Read more

Prairie cash wheat: Choppy U.S. futures lead to mixed bids

No BRM breakthrough reached at ministers’ meeting

U.S. grains: Soybeans firm as South American crops struggle

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