Markets
Crops are not faring well in Alberta and Saskatchewan. “Conditions are deteriorating in both provinces,” said MarketsFarm analyst Bruce Burnett. Crops in southern and central Alberta and western Saskatchewan are in particularly rough shape because of drought. Burnett is especially concerned about Canada’s durum and lentil crops, which are primarily grown in those areas. There […] Read more
Markets
Grain corridor closure would affect crop prices
Russia is pulling out of the Black Sea Grain Initiative and that could have a profound impact on three crops Canadian farmers grow, says an analyst. A total of 32.9 million tonnes of Ukrainian grain have flowed to markets around the world through the United Nations brokered deal, including nine million tonnes of wheat and […] Read more
CCA pushes to exclude U.K. from CPTPP
The Canadian Pork Council, the Canadian Cattle Association and the Canadian Meat Council strongly oppose Britain joining the CPTPP. The stance is an unusual one for Canada's red meat sector, which normally supports open markets and free trade.
Wheat jumps as Russia withdraws from Black Sea grains deal
HAMBURG, Germany (Reuters) — Chicago wheat futures rose on Monday after Russia said it was withdrawing from the agreement for a wartime safe shipping channel for Ukraine’s grain exports. Corn and soybeans gained, following last week’s strength, with support from concerns over dry weather in the U.S. Midwest. Chicago Board of Trade’s most active wheat, […] Read more
Brazil moves into top spot in world corn export market
Corn growers in the United States are not relinquishing their crown just yet. Brazil is taking over as the world’s top corn exporter in 2022-23, for only the second time in history. The previous year was 2012-13 when there was a severe drought in the U.S. Brazil’s exports in 2022-23 are estimated at 56 million […] Read more
Tentative agreement reached in port strike
A tentative agreement has been reached between the British Columbia Maritime Employers Association and the International Longshore & Warehouse Union. The four-year deal is subject to ratification by both parties. Details of the agreement are not being released. “The BCMEA recognizes and regrets the significant impact this labour disruption has had on the economy, businesses, […] Read more
Flax prices not expected to increase
Ag Canada expects 275,000 tonnes of stocks to start 2023-24 crop year, which is more than a typical export program
Flax growers shouldn’t expect much price action in the new crop year, according to traders. Prices have levelled off after plunging 36 percent in 2022-23 and that is likely where they will remain. Old and new crop bids for brown flax are around $14 per bushel f.o.b. farm for movement before harvest, according to a […] Read more
Black Sea wheat estimates difficult to pin down
Predictions vary wildly and global supplies could swing by millions of tonnes depending on which forecast proves correct
Black Sea wheat production forecasts are all over the map as analysts grapple with lingering uncertainty in that region. “There’s wildly varying estimates on production,” said MarketsFarm analyst Bruce Burnett. Global supply of wheat could swing by millions of tonnes depending on which forecast proves correct. “This is the largest wheat-exporting region in the world […] Read more
India lifts additional duty, re-opens pulse market to U.S.
American exporters are not expected to offer much competition in the lentil market this year because of supply shortages
India is removing the additional duties it has been charging on U.S. peas and lentils since 2018. The 10 percent additional duty on U.S. chickpeas and 20 percent on U.S. lentils were part of a retaliatory package of tariffs in response to the U.S. increasing duties on certain steel and aluminum products from India. “After […] Read more
Yeast-grown vegetable oil tackles palm oil’s green problem
Lab-grown food has many hurdles to overcome and the greatest of them might be getting consumer acceptance. People might pack their shopping carts with all sorts of processed foods loaded up with sugar, fat and hard-to-pronounce ingredients, but lab-grown food is a step too far for many. But what about a lab-grown ingredient that replaces […] Read more
