India has signalled a move to reduce the tariff on incoming lentil shipments received by August 31st. An official from the National Agricultural Cooperative Marketing Federation of India Ltd. says that India will reduce the lentil tariff from 30 per cent to 10 per cent (plus a 10 per cent tax) for shipments arriving between... Read More
Category: Markets
With tensions rising between the U.S. and China in the last ten days, questions are mounting regarding China's ability to meet its Phase One trade deal obligations. China provided a major shot across the U.S. bow early Monday (June 1) when Reuters reported that President Xi had instructed Chinese state-owned COFCO and Sinograin to quit... Read More
Live cattle futures have been slowly chipping way at the drastic declines experienced earlier this year due to COVID-19. In the last 30 days, the June cattle future has climbed $15.45 to just under $100. At its lowest point, in early April, the June future was $76.60. With U.S. cash trading between $115 and $120... Read More
Grain markets saw a bit of a sell-off on the last Friday of May with mostly lower as the traders booked profits before the end of the month amidst growing uncertainty in U.S.-China trade relations. This week, China moved with a heavy hand to take full control of Hong Kong, the city-state given up by... Read More
There is no shortage of issues to discuss in the ag commodity complex, and our latest edition of RealAg LIVE! is here to cover the latest in market news, and answer everything you're wondering regarding the futures. On this Thursday edition of RealAg LIVE!, host Shaun Haney is joined by Zaner Ag Hedge's Chief Ag... Read More
The B.C. Supreme Court released its decision regarding the issue of double criminality in the extradition case of Huawei CFO Meng Wanzhou on Wednesday. Associate Chief Justice Heather Holmes ruled the trial should proceed, saying the crime Meng is accused of by U.S. prosecutors would also be a crime in Canada. Farmers in Canada have... Read More
Durum wheat has historically been a profitable crop, for drier parts of the country and especially for farmers in the Palliser Triangle. Farmers are moving into durum cropping and the projected tonnage may increase to as high as six million tonnes, contrary to the projected drop in tonnage according to Statistics Canada. Neil Townsend, Senior... Read More
Grain markets headed into the U.S. Memorial Day long weekend with a bit of a limp as traders watched technicals for direction amidst some benign crop conditions and a firmer U.S. Dollar. Wheat prices on Friday pared their gains made over three straight positive sessions, despite a smaller crop in Kansas expected and some short-covering... Read More
Fresh off of one of the biggest barbecue weekends of the year in Canada and headed into another in the United States, the cattle market is paying close attention to retail sales and the effect on prices throughout the supply chain. At the same time, processing capacity has started to return following slowdowns and shutdowns... Read More
Exports are so important to the Canadian beef industry, and early 2020 was shaping up to be a record year for global demand. Then, COVID-19 happened. Statistics Canada recently released the January to March numbers for Canadian beef exports, and as Brenna Grant, manager of research services for CanFax, explains, there is evidence of COVID-19... Read More