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Views differ on crop exports to China other than canola

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tagged barley bookings canola seed China exports grain exports peas Soy Canada soybeans wheat Wheat Growers
MarketsFarm -- Depending on whom one has spoken with, there are differing views as to grain exports to China other than canola. The federal government has stated there have been no export issues outside of canola. "The current actions taken by China are limited to canola seed, and we have not received any indication of broader disruptions," a spokesperson with Agriculture and Agri-Food Canada said via email. "Aside from issues with canola seed, at the moment shipments of other…
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Pulse weekly outlook: Benchmark report out for fababeans, feed peas

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tagged Alberta Pulse Growers benchmark fababean feed barley feed grains feed peas feeding value soybean meal
MarketsFarm -- Alberta Pulse Growers on Monday released Feed Benchmark Bi-Weekly Reports, providing "a consistent and unbiased estimate of the feeding value of low-tannin fababeans and feed peas" in central Alberta, central Saskatchewan and southern Manitoba. Comparing fababean and feed pea prices to other feed grains, the report stated, "Grains are softening further on the Prairies with the expectation of reduced canola planting this spring and increased barley and wheat…
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U.S. grains: Wheat futures tumble on increasing global supply estimates

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tagged cbot China closing markets corn futures crop ratings harvests Russia soybean futures USDA wheat futures winter wheat
Chicago | Reuters -- U.S. grain and soybean futures slumped on Tuesday with strong crop ratings and increased forecasts for global harvests pushing Chicago Board of Trade wheat to a one-month low. Wheat prices came under pressure after the U.S. Department of Agriculture, in a weekly report issued late on Monday, rated 60 per cent of the U.S. winter wheat crop in good to excellent condition. That was unchanged from the previous week and in line with trade expectations, but up from 31…
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U.S. livestock: Deferred CME hogs extend gains on China virus outbreak

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tagged cattle futures China closing markets CME deferred months feeder cattle hog futures lean hog live cattle swine fever
Chicago | Reuters -- U.S. hog futures closed mixed on Tuesday as front-month contracts stumbled in a setback from recent gains, while deferred contracts rose on expectations for increased demand from China due to an outbreak of a fatal hog disease. Gains in the market have been fueled by worries about an epidemic of African swine fever in China, home to the world's largest hog herd. The country has reported about 120 cases of the disease since it was first detected there in early…
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China eyes U.S. poultry, pork imports in trade talks

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tagged Canada China Engain exports hogs imports pork poultry ractopamine swine fever United States
Reuters -- China would likely lift a ban on U.S. poultry as part of a trade deal and may buy more pork to meet a growing supply deficit, but it is not willing to allow a prohibited growth drug used in roughly half the U.S. hog herd, two sources with knowledge of the negotiations said. The United States and China are trying to hammer out a deal to end a months-long trade war that has cost the world's two largest economies billions and roiled global financial markets and supply…
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Near-normal monsoon expected in India

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tagged El Nino forecast IMD india moisture monsoon rainfall
MarketsFarm -- Monsoon rains in India are expected to be near normal in 2019, according to the first long-range forecast of the year from the India Meteorological Department. The southwest monsoon typically runs from June through September. It provides crucial moisture for the country’s agriculture sector, as it accounts for roughly 70 per cent of the yearly precipitation. The IMD forecasts that rainfall during the monsoon will likely be 96 per cent of the long period average…
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Klassen: Alberta demand drives feeder market higher

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tagged alberta calves cattle exports cattle futures cattle markets cattle prices fed cattle feeder cattle feedlots heifers steers yearlings
Compared to last week, western Canadian yearling prices were $2-$4 higher while calves were relatively unchanged. Stronger fed cattle prices in the deferred positions along with lower new-crop barley values resulted in a firmer tone. We're in the last half of April and quality cattle will be hard to come by in 30 days; this time factor also contributed to the stronger market. Fed cattle exports and the Canadian slaughter are running sharply above year-ago levels; therefore, finishing…
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Regulator rips CN’s use of freight embargoes at West Coast

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tagged cargill cn CTA embargoes freight grain North Shore richardson Thornton Yard traffic surges Vancouver wood pulp
Canadian National Railway has been found in breach of its service obligations on grain and other traffic by a federal regulator aiming to crack down on the company's use of freight embargoes. The Canadian Transportation Agency on Monday released its determination on "possible freight rail service issues in the Vancouver area" last fall. The regulator said it has ordered CN to submit a plan of response for "future traffic surges" in the area and to "avoid, or minimize, the use of…
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EU says ready to launch U.S. trade talks, but without agriculture

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tagged agriculture Congress EU European Commission European Union france germany Grassley Lighthizer Malmstrom tariffs trade agreement United States
Brussels | Reuters -- The European Union is ready to start talks on a trade agreement with the United States and aims to conclude a deal before year-end, European Trade Commissioner Cecilia Malmstrom said on Monday. The EU approved two areas for negotiation, opposed by France with an abstention from Belgium. But agriculture was not included, leaving the 28-country bloc at odds with Washington, which has insisted on including farm products in the talks. The EU vote allows the…
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U.S. livestock: CME hogs push higher as herds in China suffer from virus

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tagged beef cattle futures China closing markets CME feeder cattle hog futures lean hog live cattle swine fever
Chicago | Reuters -- U.S. hog futures closed mostly higher on Monday on increasing expectations that China will need to import more pork to compensate for hogs killed in an outbreak of an incurable swine disease. The front-month contract, which is thinly traded, set its highest price in about 21 months as the market rose for the fourth consecutive session. The gains were fueled by worries about an epidemic of African swine fever in China, home to the world's largest hog herd. The…
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