Winnipeg (MarketsFarm) – Canaryseed may still be a relatively minor special crop in Western Canada, but the grain is one step closer to gaining official status. Producers at the Canary Seed Development Commission of Saskatchewan annual general meeting, last week, voted in favour of formally requesting canaryseed’s inclusion under the Canada Grains Act. The proposed […] Read more
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India pulse estimates improve, but production still down
WINNIPEG, (MarketsFarm) – Things are still not looking good for India’s kharif (summer) production, and in particular pulse crops. Excessive monsoons rains, followed by above average post monsoon rains have hurt production, according to a report. The excessive rains resulted in flooding in 13 states in India and the National Bulk Handling Corporation (NBHC) estimated […] Read more
Hay Disaster Benefit to pay out $5 million to Manitoba claimants
Winnipeg, (MarketsFarm) – Compensation for poor Manitoba forage crops in 2019 will soon be coming to insured producers as Manitoba Agricultural Services Corporation (MASC) has activated the Hay Disaster Benefit (HDB). The estimated payout for 2019 is in excess of $5 million on approximately 1,500 claims, announced Agriculture and Agri-Food Canada Minister Marie-Claude Bibeau and […] Read more
Solid crush more than makes up for slow Canadian canola exports
Winnipeg,(MarketsFarm) – Canada’s ongoing diplomatic dispute with China may be slowing canola exports, but the strong pace of the domestic crush is more than making up for any shortfall in international business. The Canadian Grain Commission reported total domestic disappearance of canola during the crop-year-to-date of just over 4.8 million tonnes, as of Jan. 5, […] Read more
Wet summer triggers honey production decline
WINNIPEG (MarketsFarm) — Cool, wet summer conditions caused Canadian honey production to drop to its lowest level in seven years in 2019, according to a report from Statistics Canada. At 80.4 million pounds, honey production was down by 15.4 percent from the previous year. Alberta saw the largest drop, with production down 35 percent to […] Read more
Firm undertone to Prairie feed grain market
Winnipeg,(MarketsFarm) – Solid demand from cattle feeders and ongoing logistic issues across the Canadian Prairies should keep a firm undertone in the feed grain market for the time being, according to an Alberta broker. “The feed market has definitely moved higher,” said Brandon Motz, of CorNine Commodities in Lacombe, Alberta, adding “demand is strong through […] Read more
FCC highlights three disruptors to affect Canadian ag in 2020
WINNIPEG,(MarketsFarm) – Farm Credit Canada (FCC) believes there are three major factors that will disrupt Canadian agriculture in 2020, according to a prepared statement from the federal agency. Those disruptors are climate change, protectionism and automation, which FCC Chief Agricultural Economist J.P. Gervais said could promote or inhibit growth in the industry. “We call them […] Read more
Argentine soybeans facing tax increases
WINNIPEG, Jan. 8 (MarketsFarm) – When it comes to soybeans in Argentina there were few major diversions between the United States Department of Agriculture’s data (USDA) and that from department’s attaché in Buenos Aires. What may bring changes to the country’s soybean industry are tax increases imposed by the new federal government, according to Benjamin […] Read more
Chicago Board of Trade hopeful for 2020
WINNIPEG, (MarketsFarm) – Despite a number of tough challenges in 2019, one broker at the Chicago Board of Trade said the year ended on a high note. “For what we went through with China this whole year, this trade war, you had corn, wheat and soybeans close higher for the year on Dec. 31,” stated […] Read more
Canadian red lentils see some strength to start New Year
Winnipeg, (MarketsFarm) – The red lentil market in Western Canada is seeing some life to start the New Year, with the improved bids creating some marketing opportunities. “Green lentil prices have been steady since the end of 2019, but red lentils are the one that’s jumped,” said Kevin Silzer, vice president with Rayglen Commodities in […] Read more
