The World Trade Organization has given Canada and Mexico the go-ahead to retaliate against the U.S. for the discrimination caused by American country of origin meat labeling rules. The arbitrators’ decision issued Monday gave Canada permission to implement retaliatory tariffs worth up to C$1.055 billion per year. While the approved figure is less than the... Read More
Category: Markets
While grains ended the month of November with little fanfare, the first trading week of December proved to have some push to the upside despite a number of reports that didn’t really change any fundamentals. Soyoil led the complex with a 10.5% gain for the week, which helped support canola prices (+2.25% for the week)... Read More
Haven’t we seen this before? Traders and analysts were expecting Statistics Canada to peg the 2015 canola crop at around 15.6 million tonnes in the agency’s latest production report released Friday morning. Pre-report guesses ranged between 14.5 and 16.4 million. Most farmers reported better than expected canola yields at harvest, so everybody was expecting the... Read More
The grains market continued to trade through the U.S. Thanksgiving week a bit quieter (par for the course) against a stronger U.S. dollar, but ended the week a bit higher thanks to some decent U.S. export sales for corn and soybeans. All things being equal, global trade continues to be encouraged by low ocean freight... Read More
With a growing share of global wheat trade, Russia, Ukraine and Kazakhstan — former Soviet Union countries — have become price setters in the world wheat market over the last few years. As Bill Tierney, chief economist with AgResource Company, points out in this Wheat School episode filmed at Cereals North America '15, much of... Read More
With no real weather headlines this week except for snow finally hitting the ground in many places across Western Canada and the U.S. Midwest, the market has been relatively mute. Add in a stronger U.S. dollar this week and the market heading into U.S. Thanksgiving week, the grains complex has been quiet, with no real... Read More
In this episode of the Beef Market Update, Gateway Livestock’s Anne Wasko joins Shaun Haney in-studio for an update on the extreme volatility in the beef market since September. The duo talk about the changing market, sluggish U.S. exports, diminishing Canadian feeder cattle exports (down 67% since July) and the aggressive inventory expansion efforts of... Read More
While the lower value of the Canadian dollar is supporting prices, canola values are still caught in a global oilseed market weighed down by heavy supplies. "It's a bit of a mixed bag for canola, within the context of a lot of negative things," explains Shaun Wildman, Regina-based senior trader with Seaboard Corp, in this... Read More
When it comes to long term weather outlooks, water temperatures in the Pacific Ocean are often used to predict what’s to come. For grain markets weighed down by large global supplies, the main Pacific indicators are showing no sign of an imminent weather issue reducing grain production, says a meteorologist who spoke at the Cereals... Read More
On Tuesday, November 10, 2015, the United States Department of Agriculture (USDA) published its monthly instalment of the world agricultural supply & demand estimates, and things came out a lot more bearish than the market was expecting. Going into the report, average market analysis pegged both corn and soybean yields and production higher than the... Read More