Jamaica recently approved all imports of beef from Canada, according to a Government of Canada press release. Effective immediately, Canadian producers can export beef to Jamaica, with full access now restored after the closure of this market in 2003 due to BSE. Canada Beef Inc. estimates that the Jamaican market for Canadian beef is annually... Read More
Category: Markets
Grain markets this week tracked along with the annual ProFarmer US Crop tour which hit Ohio, Indiana, Illinois, Iowa, Nebraska, South Dakota and Minnesota. The results were mostly what everyone was expecting: there's a big crop is out there and the market knows it. Digging into the crop tour’s numbers, estimated corn and soybean pod... Read More
Statistics Canada's July, 2014 report of principal field crops echos what many farmers and analysts have already concluded — 2014 most certainly won't be a repeat of 2013. Of note, farmers are set to harvest the most acres of soybeans ever planted in the country — a million more than 2013. Manitoba farmers may harvest... Read More
With thirty seven employees and six offices (including one each in Japan, Taiwan, Mexico and Shanghai), Canada Beef Inc. is an independent, national organization that works to promote and market Canadian beef and cattle globally. The organization is funded by cattle producers and the national check off, a $1/head levy on cattle sales that also... Read More
What a first seven months of the year for the cattle markets. Did anyone see the market having so much fuel to the upside like it did? But what about the second half of 2014. Get caught up on any of the Beef Market Updates you may have missed Shaun Haney and Anne Wasko discuss... Read More
Grain and oilseed prices through the middle of August continue to be depressed by anticipation of a bigger harvest. Specifically, on Tuesday, August 12th we got this month’s version of the USDA's WASDE report which came in somewhat bullish corn, despite production still being pegged at over 14 billion bushels. Corn prices were supported by... Read More
Grains started the month of August with a little oomph as the tension between Russian and the rest of the Western world continues to build. Moscow is building up its military resources on the eastern Ukrainian border, signed a five-year oil deal with Iran, announced a one-year ban on the import of various agricultural products... Read More
There's certainly a lot going on in the world economy, with ongoing discussions around the Comprehensive Economic Trade Agreement (CETA), mandatory Country of Origin Labelling (mCOOL), and Russia's response to recently imposed sanctions. But what does the future look like for global growth, in general? For next year, it looks good. At least according to... Read More
The grain market continues to stagnate as traders, managed money, commercials, and producers alike are trying to determine if a bottom has finally been found. Grains have traded lower this week but wheat has rallied to close much higher than earlier in the week. Ultimately, July was an ugly month for the grains complex: canola... Read More
Favourable weather continues to hover like a dark cloud over the grain markets as they continue to trek lower, just as meat prices are going the opposite direction. While most prices are relatively unchanged week-over-week, soybean prices did find a bit of a bounce on very strong U.S. export sales (as they say, the cure... Read More