The federal government is giving farmers a six-month reprieve in repaying their 2018 cash advances. Growers now have until March 31, 2020 to pay off cash advances on grains, oilseeds and pulses. The original deadline was Sept. 30. “Our government is working closely with our farmers to meet their needs and is taking many concrete […] Read more
Author Archives
Canola’s new market: Europe?
The European Union is increasingly looking like it could be the saviour for the Canadian canola industry in 2019-20. When it first appeared that the EU’s rapeseed crop was in trouble, analysts were forecasting it could maybe take a few hundred thousand additional tonnes. These days analysts are forecasting millions of tonnes of new demand. […] Read more
Now might be the right time to buy phosphorus: analyst
International phosphate prices have tumbled in 2019 as supply has far outstripped demand but they could start climbing this fall, says an analyst. “I do see more upside to it, I absolutely do,” said Josh Linville, fertilizer analyst with INTL FCStone. Phosphate was trading in New Orleans for around US$300 per tonne at the beginning […] Read more
Will Canada get caught in the trade war?
Trade analysts worry the dispute between China and the U.S. could also have long-term repercussions for Canada
Canadian farmers won’t likely benefit from the escalation in the trade war between the United States and China, says industry officials and analysts. A number of grain market analysts thought wheat might be the one commodity that could reap the rewards of China’s recent announcement that it is stopping all agricultural trade with the U.S. […] Read more
Latest WASDE report surprises markets
The United States Department of Agriculture stunned cereal grain markets with its latest corn production estimate but analysts aren’t buying what the USDA is selling. The USDA had higher acres and much higher yields than the trade was expecting in its Aug. 12 World Agricultural Supply and Demand Estimates (WASDE) report. It pegged the corn […] Read more
Independent grocery grows
Canada’s three big grocery chains still account for half of the country’s retail food sales but others are nipping at their heals, according to a new report. Loblaws/The Real Canadian Superstore had a 23.6 percent share of the industry’s US$96.6 billion in sales in 2018, according to the U.S. Department of Agriculture’s Foreign Agricultural Service. […] Read more
Farmers may be covered for ILTA Grain losses
Numbers from a court document appear to indicate that eligible farmers owed money by ILTA Grain will be covered for their losses. The Canadian Grain Commission has negotiated the establishment of an escrow account that will contain funds related to grain deliveries made to ILTA for which no cheques were issued. Commission spokesperson Remi Gosselin […] Read more
Large pea crop faces quiet demand
China had increased its pea purchases to fill the gap left by India’s absence, but that business is also slowing down
There is lacklustre demand for what is shaping up to be a big pea crop, says a trader. “The demand side has been super quiet. Extremely quiet,” said Marcos Mosnaim, grain trade manager with Globeways. India’s tariffs and quotas have severely restricted trade with that important pulse buyer. “Product has been going there through the […] Read more
Analysts question African swine fever recovery
The Chinese government claims the devastating hog disease is ‘under control’ and intends to resume production
China says African swine fever is behind it and it is time to rebuild the nation’s hog herd. A senior official with China’s agriculture ministry told reporters at a recent news conference that the devastating disease is “under control” and the production and sale of hogs can return to normal, according to an article in […] Read more
Russian wheat harvest expected to be smaller
The country’s shrinking crop is lowering an export estimate to 31.4 million tonnes from 37.6 million tonnes made in April
Russia will be less of a force in some wheat markets this year, says an analyst. Many analysts slashed their Russian wheat production and export estimates last week due to a hot and dry finish to the winter wheat growing season. SovEcon, a leading Russian agricultural consultancy, dropped its production estimate to 73.7 million tonnes, […] Read more
