TOWNER, N.D. — I’m not sure how many calves we’ve roped and branded in our neighborhood in the past month or so. If I did know, I probably wouldn’t say anyway. It’s not polite to ask someone how many cattle they have, and I don’t suppose it would be polite to tell anyone how many calves there are in the neighborhood in case they know how to do division. It was quite a bunch anyway.
Canola futures have had a $50-per-ton rally so far in June. The positive school says it’s from the dryness on the western prairies. There is no chart signal the move is over and unseeded soybean acreage is supportive.
Wheat traded with solid gains last week, as three out of four sessions posted strong gains while only one session showed losses. Stress from excessive rain continues to provide support for the corn market. For soybeans concerns about slow soybean planting continued to provide support.
As Canada’s Consul General for the Upper Midwest, I lead a team that works to grow two-way business relationships and engage with decision-makers and citizens on issues that matter to both our countries.
Flax took a bit of a tumble in the past two weeks on little fundamental news. The best explanation could be this excerpt from the March 17 issue of Wild Oats: “Flax markets have been supported by the Kazakh flax crop, which wound up covered with snow last fall.” That meant European users had to source elsewhere, and that generally means Canada.
When Wal-Mart announced new positions on the humane treatment of farm animals and the responsible use of antibiotics in May, Kathleen McLaughlin, president of the Wal-Mart Foundation and senior vice president of Wal-Mart sustainability, said, “Our customers want to know more about how their food is grown and raised, and where it comes from.”
Daryll E. Ray and Harwood D. Schaffer
June 17, 2015
The canary market is finally showing a bit of strength. Prices had been falling since 2011 and had been as low as 24 cents per pound freight on board. There’s more at 25 cents, but it would probably take 26 or 27 cents to source any volume.
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