Markets
Canada’s canola oil shipments to the United States are booming as the country’s renewable diesel industry accelerates. Canadian exporters sent a record 2.6 million tonnes south of the border in 2022-23 and that number is expected to rise in future years. “We envision that trend continuing,” said Chris Vervaet, executive director of the Canadian Oilseed […] Read more
Markets
!["We're pretty confident there's going to be something in the [federal government's] Fall Economic Statement, but we'll see next week," said Ian Thomson, president of Advanced Biofuels Canada (ABFC). | Getty Images](https://static.producer.com/wp-content/uploads/2023/11/17122957/biofuel-GettyImages-155419399-660x420.jpg)
Biofuel sector hopes for sign from feds
Editor’s note: This story was updated with a link to the federal government’s 2023 Fall Economic Statement on Wednesday November 22, 2023 – the day following its release. Canada’s biofuel and oilseed sectors will be closely scrutinizing the federal government’s 2023 Fall Economic Statement. They hope the Nov. 21 statement provides some indication how Ottawa […] Read more
Winter wheat crop gets off to good start in U.S.
The U.S. winter wheat crop is off to a good start. “For the first time in three years there’s a little bit of optimism,” said Kansas Wheat chief executive officer Justin Gilpin. Crop condition ratings show that 47 percent of the U.S. crop was in good to excellent condition as of Nov. 12, compared to […] Read more
Large U.S. corn crop to put pressure on feed barley prices
Farmers in the United States grew a lot more corn than originally anticipated and that will be a bearish factor for Canadian feed barley prices. The U.S. Department of Agriculture raised eyebrows with its November World Agricultural Supply and Demand Estimates report. “It was a surprise today, I have to admit,” said DTN lead analyst […] Read more
Energy prices moderate for now, but future is uncertain
Natural gas prices look like they might be moderate this winter, a trend that should help keep nitrogen fertilizer prices more reasonable than they were last winter. Also, crude oil prices last week fell to the lowest levels since the summer on the expectation that demand will be soft in the coming months. More on […] Read more
Hog industry puts much effort into preparing for risk
What could go wrong for Canada’s hog farmers? How about: African swine fever foot-and-mouth disease regulated country-of-origin labelling in the United States Seneca Valley Virus anti-livestock legislation non-tariff trade barriers heavy carbon taxes bans on various medicines and antibiotics a failure to develop adequate safety net programs an inability to find workers, truckers and veterinarians […] Read more
Canadian pea exports start crop year strong
Pea sales have been solid in the first two months of 2023-24, but lentil exports are down so far from last year
Canadian pea exports are running at a solid pace through the first two months of the 2023-24 marketing year, despite the smaller production, as exports of newly harvested supplies in September nearly quadrupled what moved the previous month. Canada exported 440,085 tonnes of peas in September, which was up from only 99,645 tonnes the previous […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts was $52.97 Nov. 9. It wasn’t available Nov. 3. U.S. hogs averaged $67.01 on a carcass basis Nov. 9, up from $65 Nov. 3. The U.S. pork cutout was $86.94 per hundredweight Nov. 9, down from $87.28 Nov. 3. The estimated U.S. weekly slaughter […] 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 slump Following 12 weeks of static pricing, average Alberta fed steer prices slipped to a […] Read more
Phosphate supply to remain tight
A lot has changed in the phosphate market recently, but in a way, nothing has changed, says an analyst. Earlier this month the U.S. Department of Commerce announced it was slashing import duties on product from Morocco. The duties were lowered to 2.12 percent from 19.97 percent, providing an incentive for Moroccan phosphate producer OCP […] Read more
