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The elimination of the 30 percent duty on Canadian lentils makes trade to India much more feasible. | file photo

Lentil prices likely to rise as India drops duty

India is slashing its import duty on lentils, opening up new trade possibilities with Canada’s top customer just before harvest. The new applied duty for most exporters is 11 percent effective July 27, down from 33 percent. The only exception is the United States, which faces a 33 percent duty, down from 55 percent. There […] Read more

Only one-quarter of Saskatchewan’s spring wheat crop was rated good to excellent as of July 12, compared to the 10-year average of three-quarters. | Randy Vanderveen photo

Spring wheat prospects begin to fade

Canadian crop still in better shape than what’s in the ground in the U.S., but persistently dry conditions don’t bode well

The first official estimate of United States spring wheat yields could be a harbinger of what’s to come in Canada, say analysts. The U.S. Department of Agriculture forecasts an average yield of 30.7 bushels per acre, a 37 percent drop from last year. Is a similar 37 percent decline in store for Western Canada’s crop? […] Read more

Millers may be forced to blend winter wheat with spring wheat to bring up protein levels. | Getty Images

Looming protein shortage boosts spring wheat demand

Protein levels in this year’s U.S. hard red winter wheat are expected to be well below average by the time farmers harvest the entire crop


Millers in the United States may be confronted with the double-whammy of a low-protein hard red winter wheat crop combined with severely curtailed spring wheat production, say analysts. An estimated 38 percent of the hard red winter wheat crop has been combined. Protein levels have averaged 11.4 percent based on 266 samples, down slightly from […] Read more


The trade was shaken by the July 12 U.S. Department of Agriculture monthly supply and demand estimate that pegged American spring wheat production at only 345 million bushels, down 41 percent from last year. | File photo

Crop markets wake up to evolving drought disaster

The disaster playing out in the northern part of this continent’s grain belt is finally making itself felt on crop futures markets. A few weeks ago, I noted that while the trade was concerned about dry, hot weather in the northern tier, it was also comforted by a good hard red winter wheat harvest in […] Read more

If Western Canada grew mostly corn and soybeans, like some of the world’s major exporters, this drought wouldn’t have major implications. But we don’t. What happens here matters to many. | File photo

Drought creates unhappy learning experience for markets

For all the excitement with crop prices, and for all the dread about crop conditions, the most interesting part of the crops marketplace is going to be in the real-world markets where the stuff is actually bought, moved, processed and sold. If Western Canada ends up with a very short crop, and it’s almost certain […] Read more


Vegetable oil production could increase by 7.74 million tonnes this year, which could drive down the spot 
price for soybean oil to 50 cents a pound. Analysts believe that could send canola futures prices back 
down to $700 a tonne. | File photo

Global veg oil complex rides rollercoaster

A big rebound in vegetable oil production in 2021-22 will put downward pressure on prices, says an analyst. That is bad news for canola, which is closely linked to the vegetable oil complex, particularly soybean oil. Nagaraj Meda, managing director of Transgraph Consulting, said the U.S. Department of Agriculture is forecasting increased production of the […] Read more

Mexican agriculture minister Victor Villalobos assured U.S. agriculture chief Tom Vilsack earlier this year that imported genetically modified corn for animal feed would be exempted from the proposed ban. However, there are signs that Villalobos and his moderate allies have not yet won that battle and may be losing. | Reuters/Edgard Garrido photo

Clashing visions of Mexico’s GMO corn ban cloud impact

MEXICO CITY, Mexico (Reuters) — A clash at the top of Mexico’s agriculture ministry over the scope of President Andres Manuel Lopez Obrador’s push to prohibit genetically modified corn has cast uncertainty over the industry. If liberally interpreted and successfully implemented, the new rules could ban imports of GM corn by 2024, ending a dependence […] Read more

WP livestock report

Hogs The U.S. national live price average for barrows and gilts was not available July 16, but was $85.05 July 9. U.S. hogs averaged $107.32 on a carcass basis July 16, down from $111.86 July 9. The U.S. pork cutout was $119.94 per hundredweight July 16, up from $116.44 July 9. The estimated U.S. weekly […] Read more


Canfax report

This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattlemen’s Association. More market information, analysis and statistics are available by becoming a Canfax subscriber by calling 403-275-5110 or at www.canfax.ca. Fed cattle prices have declined for five straight weeks and over that time have dropped by $12.50 […] Read more

Analysts believe protein levels will be well below average by the time the entire crop is off, which means millers will need to blend in some spring wheat. | File photo

Looming protein shortage boosts spring wheat demand

Millers in the United States may be confronted with the double-whammy of a low-protein hard red winter wheat crop combined with severely curtailed spring wheat production, say analysts. An estimated 38 percent of the hard red winter wheat crop has been combined. Protein levels have averaged 11.4 percent based on 266 samples, down slightly from […] Read more