Markets
There was a huge uptick in canola oil usage in the United States in January. An estimated 109,769 tonnes of the product was consumed, a 42 percent increase over the previous month, according to the U.S. Energy Information Administration. Canola oil accounted for 16.4 percent of total vegetable oil use in the U.S. biofuel sector […] Read more
Markets
Mexico’s GMO stance found alarming
There are lingering concerns about the country’s sudden shift away from three decades of science-based regulation
Canada is deeply concerned about Mexico’s recent departure from its longstanding approach to regulating genetically modified crops. “It was a global stalwart of science-based decision-making and it’s very disappointing to see them drifting away from that,” said Ian Affleck, vice-president of plant biotechnology with CropLife Canada. The slide began in 2018 with the election of […] Read more
Japan eases final BSE-related beef restriction
Producers welcome Japanese move but oppose U.K. inclusion in Trans-Pacific Partnership because of tough hormone-free rules
One trade door has opened while another remains firmly shut for Canadian beef exports. Japan has lifted its final BSE-era trade barrier to beef imports but the United Kingdom has said it will keep its market closed despite signing an international trade deal of which Canada is a member. Japan recently lifted its ban on […] Read more
Russia expected to maintain wheat export levels
Large carryout stocks to help country keep its overseas sales close to last year’s 44 million tonnes despite a smaller crop
Russia’s wheat crop will be considerably smaller in 2023-24, but its exports are expected to remain about the same as this year, according to an analyst. SovEcon is forecasting 85.3 million tonnes of production, down from the 104.2 million tonnes harvested last year. “Last season the weather was almost ideal,” SovEcon analyst Andrey Sizov said […] Read more
Fertilizer-crops spread demonstrated its risks this year
This definitely wasn’t the year in which the buy-fertilizer-in-the-fall strategy paid off, unless you made 2023 new crop sales to match it. Fertilizer, like crops and most commodities, has suffered big price declines since then. Unless the markets turn around in the next few months, some discounted fall-2023 crops will be sold to pay for […] Read more
U.S. producers intend to grow fewer chickpeas
Latest USDA estimate comes amid reports that prices are rising as global supply comes up 100,000 tonnes short
The United States is not going to help address what some believe is a looming global kabuli chickpea shortage. U.S. farmers plan to seed 340,500 acres of the crop, a four percent drop from the previous year, according to the U.S. Department of Agriculture’s March Prospective Plantings report. A much bigger increase is needed from […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts was unavailable March 31, but it was $56.90 on March 24. U.S. hogs averaged $71.90 on a carcass basis March 31, down from $76.58 March 24. The U.S. pork cutout was $77.28 per hundredweight March 31, down from $81.05 March 24. The estimated U.S. […] 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. Historic highs for fed Alberta fed cattle prices established new historic highs again last week. The bulk […] Read more
Ingredient company works to honour oat contracts
UPDATED – to include comments from Purely Canada Foods – April 5, 2023 1605 CST – About a month ago, Purely Canada Foods — a food ingredient company — informed about 26 farmers in Saskatchewan that it was voiding their oat contracts. The contracts were for gluten-free oat production in 2022, mostly from farmers in […] Read more
U.S. producers intend to grow fewer chickpeas
The United States is not going to help address what some believe is a looming global kabuli chickpea shortage. U.S. farmers plan to seed 340,500 acres of the crop, a four percent drop from the previous year, according to the U.S. Department of Agriculture’s March Prospective Plantings report. A much bigger increase is needed from […] Read more
