PRICES FOR MOST CANADIAN CROPS WEAKENED WITH HIGHER PRODUCTION -- MARKET TALK
9 June 2023, 18:03
1103 ET - Higher production in Canada for the 2022/23 crop year put downward pressure on prices for most crops in April, farm data released by Canada's statistics agency shows. April prices for non-durum wheat were down on-month across all provinces, except the Maritimes, while durum wheat prices were lower for a third straight month in the two main producing provinces, Saskatchewan and Alberta, Statistics Canada says. Canola prices for the month were lower across all provinces, led by Manitoba which saw its fourth straight monthly fall. Slaughter hog prices also were lower than in March, with reduced global demand an uncertainty in Quebec's processing capacity putting downward pressure on prices, but slaughter cattle prices increased on-month across all provinces, led by Alberta.
(robb.stewart@wsj.com; @RobbMStewart)(END) Dow Jones NewswiresJune 09, 2023 11:03 ET (15:03 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.
9 June 2023, 18:03
1103 ET - Higher production in Canada for the 2022/23 crop year put downward pressure on prices for most crops in April, farm data released by Canada's statistics agency shows. April prices for non-durum wheat were down on-month across all provinces, except the Maritimes, while durum wheat prices were lower for a third straight month in the two main producing provinces, Saskatchewan and Alberta, Statistics Canada says. Canola prices for the month were lower across all provinces, led by Manitoba which saw its fourth straight monthly fall. Slaughter hog prices also were lower than in March, with reduced global demand an uncertainty in Quebec's processing capacity putting downward pressure on prices, but slaughter cattle prices increased on-month across all provinces, led by Alberta.
(robb.stewart@wsj.com; @RobbMStewart)(END) Dow Jones NewswiresJune 09, 2023 11:03 ET (15:03 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.