Must Reads

Markets at a glance


Stories from our other publications

Average protein levels in the U.S. hard red winter wheat crop are reported to be 11.2 percent, which is slightly below last year’s disappointing 11.3 percent average and well below the five-year average of 11.7 percent.  |  Reuters/Todd Korol photo

Wheat protein drop benefits Canada

Low protein levels in the U.S. hard winter wheat crop are expected to increase demand for Canadian spring wheat

It looks like another year of low protein for the United States hard red winter wheat crop, which should stimulate demand for spring wheat, say analysts. U.S. Wheat Associates is reporting average protein levels of 11.2 percent after reviewing one-quarter of the anticipated samples for the 2020 HRW crop. That is slightly below last year’s […] Read more

There are lots of interesting options for farmers looking for a good book this summer.  |  Ed White photo

Consider these books if looking for a good summer read

Do you remember the “flash crash” of May 6, 2010? If you’re a markets nerd like me, you do. It was an epic phenomenon that shocked markets with its speed and violence. I remember hearing about it live on Bloomberg radio, jumping onto the Chicago Mercantile Exchange website, and watching hundreds of billions of dollars […] Read more

One analysis says China’s annual corn deficit is 25 to 40 million tonnes and that the country’s reserves will disappear in 2020.  |  Reuters photo

Hopes for Chinese corn imports questioned

One analyst reports the country’s reserves are almost depleted, but others argue these expectations never materialize

Potentially explosive corn market news out of China needs to be taken with a grain of salt, say industry analysts. Dim Sums, a web blog that provides analysis on China’s agriculture markets, is reporting that China has reached a tipping point where its corn reserves are going to be depleted in 2020. That would mean […] Read more

Canadian ag exports benefit from COVID disruptions

May was an excellent month for Canadian agricultural exports. COVID-19 hammered the economy in Canada and around the world, upending many supply chains and hurting much but also creating opportunities. For example, Canadian exports of pork, beef and poultry reached a little more than $800 million, marking a one month record that was almost 19 […] Read more

Durum prices are expected to remain strong, despite North American crop projections growing by 640,000 acres.  |  File photo

Production problems boost durum demand

Morocco is expected to import six million tonnes of wheat and durum in 2020-21, up from 3.7 million tonnes in 2018-19

North America’s durum crop is getting bigger but so is international demand for the commodity. The U.S. Department of Agriculture is forecasting 1.5 million acres of U.S. durum, up from its March estimate of 1.29 million acres. Statistics Canada’s June estimate is 5.69 million acres of Canadian durum, up from its March planting intentions forecast […] Read more

Shipping containers were in short supply earlier this year after the COVID-19 pandemic slashed North American demand for consumer products from China.  |  File photo

End of container shortage relieves exporters

Thirty percent of Canada’s pulses ship by container, and one-third of that business was lost for a couple of months 

Containerized shipments of pulses and other agricultural products are back on track after a temporary derailment this spring. “From a port perspective, the container availability has improved dramatically,” said Stephen Paul, vice-president of supply chain logistics with Ray-Mont Logistics. Companies that were “scrounging” for the metal boxes in March and April now have an ample […] Read more

Rain-induced disease threatens Ukrainian wheat quality

Ukraine is poised to harvest a smaller and poorer quality wheat crop than last year, according to a Ukrainian agriculture consultancy firm. UkrAgroConsult is forecasting 25.9 million tonnes of production, down from 29.1 million tonnes last year. Grain harvested from the far south will be shriveled but the protein content is expected to be higher […] 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 The average price for both fed steers and heifers rose last week while feedlots continue in the […] Read more

WP livestock report

Hogs The U.S. national live price average for barrows and gilts was $24.03 July 6, down from $25.21 June 26. U.S. hogs averaged $28.91 on a carcass basis July 6, up from $28.48 June 26. The U.S. pork cutout was $64.34 per cwt. July 6, down from $65.95 June 19. The estimated U.S. weekly slaughter […] Read more

The company will spend approximately $445 million in British Columbia and another $305 million in Alberta on rail upgrades, maintenance and expansion projects. | File photo

CN unveils big spending plans

Canadian National Railway will spend about $750 million this year to upgrade its western Canadian rail network. The company will spend approximately $445 million in British Columbia and another $305 million in Alberta on rail upgrades, maintenance and expansion projects. In B.C., planned upgrades include the construction of about 5.6 kilometres of double track near […] Read more