Markets
China’s slumping economy is not a big cause of concern for exporters of Canadian agricultural products despite the significance of that market, says an economist. It is Canada’s second largest agricultural market behind the United States. Sales to China have steadily climbed, except for a three-year period between 2019 and 2022 when shipments of canola […] Read more
Markets
Wheat tumbles despite tight stocks
Canada entered the 2023-24 crop year with the lowest combined wheat and durum stocks in history. Agriculture Canada estimates there were 3.24 million tonnes of both crops on hand as of Aug. 1, 2023. That would break the previous record low of 3.66 million tonnes set in 2021-22 following a severe drought. Analysts are also […] Read more
Purple barley shows market potential
The Agriculture Canada variety could generate media buzz and get Canadians thinking about barley on their dinner plate
There is purple rice and purple wheat. Now, there is a purple barley. Agriculture Canada scientists in Brandon have developed a new line with the temporary name of HB211147. The name isn’t great for marketing, but the unique and purple barley could become a hit with consumers. “I’m really excited about it,” said Ana Badea, […] Read more
Murky outlook for 2023-24 grain market
As the northern hemisphere’s crops pour into bins and terminals, they’re heading into a global grain market and general economic conditions that create a murky picture for the next few months. Some situations are disruptive but familiar dynamics, while others are new phenomena that nobody can easily assess. Underlying many is the impact of inflationary […] Read more
Bigger and better – bold plans to expand organic
In 2021, Canada was the fifth largest market in the world for organic food and products, as the industry was worth around $9.35 billion. But leaders in Canada’s organic sector aren’t satisfied with that figure. They’re working on a bold plan they say will make the industry stronger, bigger and better. The time is right […] Read more
WP’s focus on markets and farmers has never wavered
In December 1923, wheat fell to just 99 cents per bushel, far from the late wartime and post-war price range of more than $2. After government gave up its wartime price controls, farmers (and traders) were going broke. Being Canada, the government appointed a Royal Commission to study the issue of low grain prices, and […] Read more
Return of El Nino and a warmer ocean bring uncertainty
Weather extremes in recent months have so far had limited impact on global crop production but the prospects for the coming year are uncertain as the world faces the return of El Nino, coupled with exceptionally warm ocean temperatures. El Nino and La Nina are the two ends of the Pacific Ocean oscillation and we […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was not available Aug 10 or Aug 18. U.S. hogs averaged $93.52 on a carcass basis Aug 18, down from $95.95 on Aug 10. The U.S. pork cutout was $ 106.17 per hundred weight Aug 18, down from $110.08 on Aug 10. The estimated […] 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 market down The Alberta dressed trade range last week was comparable with the previous week […] Read more
Ottawa says Britain expected to ‘uphold’ CPTPP standards
The federal government expects the United Kingdom to comply with the rules of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. That includes regulations around the import of Canadian beef and pork, which should be “science and risk based.” “From day one, the Government of Canada said it would welcome new members as long as […] Read more
