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Two University of Manitoba agricultural economists say it’s wrong to assume all of the price drop in canola is due to losing the China market.
News, Oilseeds

How much has losing China cost Canadian canola growers?

The canola council estimates $1 billion on annual basis, but a recent report says the price drop is within the recent trading range

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Losing access to China’s canola seed market will cost Canadian farmers $1 billion annually, according to a Canola Council of Canada estimate. But University of Manitoba agricultural economists Derek Brewin and Ryan Cardwell aren’t so sure. The council’s estimate is based on canola futures prices having dropped 10 per cent from February, before China stopped
CME October 2019 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures top one-month peaks

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Chicago | Reuters — U.S. live cattle and feeder cattle futures jumped to their highest prices since August on Wednesday as traders predicted that cash prices will also increase. October live cattle futures closed up 1.025 cents at 100.375 cents/lb. at the Chicago Mercantile Exchange (CME). October feeder cattle advanced 1.1 cents to 138.4 cents/lb.
CBOT December 2019 corn, with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn sinks on weather, retreating crude oil

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Chicago | Reuters — U.S. corn futures fell on Tuesday for the first time in four sessions on better-than-expected U.S. crop conditions and as crude oil prices, which fuelled the prior session’s rally, retreated. Soybeans also declined, despite the announcement of more sales to top importer China, as forecasts for continued warm weather across much
(Sakakawea7/iStock/Getty Images)
Crops

Trump trade-war aid sows frustration in farm country

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Rochester, Minnesota | Reuters — The U.S. government is paying Texas cotton farmer J. Walt Hagood US$145 an acre for losses related to U.S. President Donald Trump’s trade policies. But Minnesota soybean farmer Betsy Jensen will get just US$35 an acre. Both farmers’ sales have taken heavy blows in Trump’s trade war with China. Neither
File photo of piglets at a hog operation in China. (KuLouKu/iStock/Getty Images)
Hogs, Markets

China to exempt U.S. pork, soybeans from additional tariffs

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Shanghai | Reuters — China will exempt some agricultural products from additional tariffs on U.S. goods, including pork and soybeans, China’s official Xinhua News Agency said Friday, in the latest sign of easing Sino-U.S. tensions before a new round of talks aimed at curbing a bruising trade war. The United States and China have both
The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Crops

Global wheat production to decrease, USDA says

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MarketsFarm — In the latest supply and demand report from U.S. Department of Agriculture (USDA), the global wheat forecast was revised downward due to difficult weather conditions. USDA has now projected 765.53 million tonnes of wheat to be produced in 2019-20, according to the department’s world agriculture supply and demand estimates (WASDE), released Thursday. That’s

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