Markets
Glyphosate is registered for pre-harvest weed control in many Canadian crops. But with public and food industry attention on the herbicide, applying it to a crop in August is still a major market risk for farmers and Canada’s grain trade. For instance, it can be sprayed on pulse crops to control weeds, because maximum residue […] Read more
Markets
New tentative deal reached at west coast ports
(Reuters) — West coast dockworkers in Canada and their employers’ association have reached a settlement agreement, the parties said, as they look to end a dispute that risked further disruptions at the country’s busiest ports. Both the International Longshore and Warehouse Canada Union (ILWU) and the British Columbia Maritime Employers Association (BCMEA) are recommending the […] Read more
China resumes purchasing flax from Canada
High prices for Canadian crop had lost domestic produces considerable market share in China to the Black Sea region Canadian flax is moving to China after a two-year hiatus. Nine thousand tonnes of flax was exported out of the Port of Vancouver during week 50 of the 2022-23 marketing campaign, according to the Canadian Grain […] Read more
Pulse sector lowers targets on new-use demand
Industry had originally wanted to create two million tonnes of North American demand for whole split pulses by 2025
Pulse Canada is revamping its market development targets after falling short of its previous goals. In 2018, the organization announced its 25 by 2025 program, a crop-specific strategy for creating demand in new use categories for 25 percent of Canada’s pulses. The goal was to create two million tonnes of new North American demand for […] Read more
Chemical, fertilizer price slides may be near bottom
Prices of a couple of key farm inputs have tumbled in recent months, but that may be coming to an end, according to industry officials. Farmers Business Network’s Smoke generic glyphosate is selling for $6.50 to $7 per litre, down from $12 the same time last year. “That’s the difference a year makes,” said Breen […] Read more
Demand continues for lentils but rising prices have limits
LANGHAM, Sask. — Despite extremely high prices, the world’s green lentil buyers keep beating a path to the Prairies’ door. But a marketer warns that Canadian quality can only push prices so high before cash-strapped processors and consumers switch to lower quality and different crops. “The Canadian farmer has the expectation of values only going […] Read more
World may be facing wheat shortage this year
Producing countries expected to harvest ‘pedestrian’ to terrible crops; an analyst says flour buyers should be getting antsy
Wheat is finally becoming a “sexy” crop after years of being the ugly duckling, says an analyst. Stephen Nicholson, global grains and oilseeds strategist for Rabobank, said a series of supply side threats is making things exciting. Canada’s crops are withering in the fields. MarketsFarm is forecasting 30.4 million tonnes of all wheat production, well […] Read moreLivestock Report July 27, 2023
HOGS The U.S. national live price average for barrows and gilts was not available July 21 or July 14. U.S. hogs averaged $101.03 on a carcass basis July 21, up from $99.91 July 14. The U.S. pork cutout was $115.25 per hundredweight July 21, down from $115.55 July 14. The estimated U.S. weekly slaughter to […] Read more
Canfax report July 27, 2023
Fed prices soften Western Canadian fed cattle prices continued to soften in the dog days of summer. This is not unusual. Between June and August, fed steer prices have softened in seven of the last 10 years and 13 of the last 20 years. Steers eased $1.50 per hundredweight lower to $238.47 per cwt., and […] Read more
Farmers unite in opposition to grain commission changes
Discontent is growing over the Canadian Grain Commission’s decision to harmonize primary and export test weights for wheat effective Aug. 1. It has even brought together the National Farmers Union and the Wheat Growers Association, who disagree on many policy issues, to oppose the change. They say it will cost farmers money and that the […] Read more
