Markets
Every day, thousands of acres of farmland around the world are converted into urban sprawl as developers build low-density housing projects for people choosing to move out of too-expensive, decayed, highly-taxed, over-regulated and crime-ridden cities. Canada is particularly subject to this with cities like Toronto and Calgary spilling out across hundreds of thousands of acres […] Read more
Markets
Flax misses biofuel party
SASKATOON — It seems like every oilseed crop is vying to be a biofuel feedstock, with one notable exception. “Flax is kind of the odd man out,” said Dale Leftwich, policy manager for the Saskatchewan Flax Development Commission. He doesn’t know why that is the case. “I’m not sure what all of the reasons would […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts May 31 was not available. U.S. hogs averaged $86.90 on a carcass basis May 31, down from $86.64 on May 24. The U.S. pork cutout was $103.25 per hundredweight May 31, up from $99.14 on May 24. The estimated U.S. weekly slaughter to May […] Read more
Canfax report
This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattle 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 prices rise Alberta fed steers and heifers last week traded almost $2 per hundredweight higher than […] Read more
Experts bearish on soybean crush, export demand
If U.S. soybean prices falter due to high ending stocks, it could affect canola price
SASKATOON — A leading agricultural economist thinks the United States soybean sector is going to have a “very ugly” 2024 and early 2025. Scott Irwin, professor of agriculture at the University of Illinois, is bearish on crush and export demand for the oilseed. Related stories: “Unless the U.S. has a substantial production problem this summer, […] Read more
Man. soybean seeding on early side this year
With adequate rainfall and warmer soil temperatures, soybean seeding across Manitoba is well underway. Manitoba Agriculture’s May 21 crop report placed soybean planting at 34 per cent complete. If nighttime temperatures don’t warm up more than they have recently, soybean plants will likely emerge around 15 to 17 days after planting, said Dennis Lange, a […] Read more
Mexican crop troubles benefit Canadian bean growers
Statistics Canada estimates farmers will plant 358,150 acres to beans this year, a 12 percent hike from the previous year
SASKATOON — Growers in Canada and the United States planted more black and pinto beans and fewer navy beans in response to Mexico’s production hardships, say industry officials. Orion Roy-Wright, a trader with ADM Edible Beans, told the Global Pulse Confederation (GPC) that producers in those two countries increased black bean plantings by 15 to […] Read more
‘Weather market’ resumes role as price driver
The market is closely watching production problems around the world, including Russia, Europe, Argentina and the U.S.
GENEVA, Switzerland (Reuters) — Weather hiccups in major cereal producers have cast a doubt on prospects of a global grain glut and made fundamentals regain their status of key market drivers after being surpassed by politics, notably the war in Ukraine, analysts say. Wheat prices in Chicago gained 33 per cent in the past two […] Read more
Geothermal energy to be used to supply electricity, food
A Saskatchewan company developing a project to generate electricity from geothermal heat has struck a deal with a British Columbia-based firm to build a greenhouse to take advantage of the heat. There is expanding interest in using geothermal heat to make green electricity, and by adding greenhouses to the projects, there is potential to lessen […] Read more
Does prioritizing tanks over guerrillas apply to farming?
China isn’t subtle with its threats to invade Taiwan. “China Sends Dozens of Warplanes and Ships Near Taiwan to Show its Anger Over Island’s New Leaders,” is how the Associated Press headlined a story last week. You’d think Taiwan, facing regular threats from China and clear signs that the communist giant intends to take it […] Read more
