Markets
Numbers matter, and in markets, numbers really, really matter. That truth becomes obvious every time some number, some statistic or some reported data collides with market expectations. You could see that Sept. 28, after the U.S. Department of Agriculture’s Hogs and Pigs report found that American hog producers were keeping alive more piglets per litter, […] Read more
Markets
China increases used cooking oil sales to U.S.
The surge in exports is a response to U.S. government incentives to boost the use of more environmentally friendly fuel
BEIJING, China (Reuters) — U.S. incentives to boost consumption of more environmentally friendly fuel has created a new market for used Chinese cooking oil, worth almost US$390 million in the last 12 months and growing rapidly, China’s customs data shows. China has been shipping more waste oil to the United States since October 2022, two […] Read more
Pulse sector unfazed as lentil ban demanded in India
Pulse Canada remains “hopeful and optimistic” about lentil trade with India despite political tension between the two countries. India’s Chamber of Trade and Industry (CTI) recently sent a letter to India’s minister of commerce and industry, Shri Piyush Goyal, urging him to ban the import of lentils from Canada. The letter was sent in response […] Read more
Canola, soybean growers want in on aviation fuel tax credit
Canola and soybean growers are lobbying to have their crops recognized as eligible feedstocks for the new sustainable aviation fuel (SAF) tax credit in the United States. The credit is contained in the Inflation Reduction Act signed into law by U.S. President Joe Biden last year. The value of that credit will be determined by […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was not available Sept. 29 and Sept. 22. U.S. hogs averaged $73.56 on a carcass basis Sept. 29, down from $77.59 Sept. 22. The U.S. pork cutout was $97.23 per hundredweight Sept. 29, down from $97.26 Sept. 22. The estimated U.S. weekly slaughter to […] 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 prices steady Light Alberta cash trade developed ahead of the day for Truth and Reconciliation, with […] Read more
Major durum region likely to see better weather
A key durum growing and consuming region of the world should be in better shape in 2024 than it has been the past few years, according to a weather expert. Drew Lerner, president of World Weather Inc., expects El Nino to bring improved growing conditions to North Africa and Spain during the critical part of […] Read more
Sowing the seeds of reconciliation
Canada’s National Day for Truth and Reconciliation happens every year on September 30. Here at Glacier FarmMedia, we’re committed year-round to including Indigenous voices and stories in our agricultural coverage. It hasn’t always been that way. Our editorial teams across our network have been on a journey of discovery and learning since we chose to […] Read more
Big Turkish crop shocks durum market
A bumper crop unexpectedly puts Turkey in a position to grab most of Canada's share of the market in the European Union
The durum market has taken a “wild” turn as Turkey has suddenly emerged as a major force in the export market. “This is something that caught everybody off guard, especially Canadian exporters,” said Jonathan Meyer, merchandiser with Purely Canada Foods. “It has really saved the day for pasta producers because if it wasn’t for Turkey, […] Read more
Persistent crop estimate discrepancies lead to uncertainty
Sask. crop insurance acreage data is substantially different from Statistics Canada's numbers for many small-acre crops
Pulse and special crops growers and traders should get used to significant discrepancies between federal and provincial agencies when it comes to gauging the size of the Canadian crop, says an analyst. The bulk of those crops are grown in Saskatchewan where the provincial government often seems at odds with Statistics Canada. “It’s going to […] Read more
