Markets
Is it time for a Manhattan Project on pulse crop development? If those who want to see greenhouse gas emissions from fertilizer cut are sincere about achieving that challenging goal, perhaps it is. We need to create a big bang in crop development. Boosting pulse crops in the prairie grower’s rotations would slash greenhouse gas […] Read more
Markets
Canada wants GMO talks with Mexico
OTTAWA (Reuters) — Canada has asked for formal trade consultations with Mexico over its restrictions on genetically modified agricultural imports under the United States-Mexico-Canada Agreement, Bloomberg News reported March 8, citing people familiar with the matter. Canada requested the talks on March 7, according to Bloomberg, a day after the U.S. requested formal trade consultations […] Read more
Canada may miss canola lift
(MarketsFarm) — The European Union will likely import more canola this year than previously thought, but the increase will likely come from Australia or Ukraine rather than Canada, according to updated projections from the U.S. Department of Agriculture. The USDA raised its forecast for European rapeseed imports during the 2022-23 marketing year by 550,000 tonnes, […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts March 10 was $61.05, up from $57.94 March 3. U.S. hogs averaged $78.17 on a carcass basis March 10, up from $78.04 March 3. The U.S. pork cutout was $87.80 per hundredweight March 10, up from $85.57 March 3. The estimated U.S. weekly slaughter […] 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. New price highs Closing at $203.90 per hundredweight and $210.13 per cwt., respectively, both western and eastern […] Read more
CP-KCS rail merger gets green light from regulator
The U.S. Surface Transportation Board has given the green light to a proposed merger of Canadian Pacific Railway and Kansas City Southern Railway. The STB issued its regulatory decision March 15, subject to certain conditions including a seven-year STB oversight period to monitor the competitive impact of the merger. With approval in place, the two […] Read more
Russia suggests renewing Black Sea grain deal for shorter term
Geneva (Reuters) — Moscow is suggesting to renew a deal allowing the safe export of grain from Ukraine’s Black Sea ports — but only for a period of 60 days, half the term of the previous renewal, Russian Deputy Foreign Minister Sergei Vershinin said on Monday. Vershinin’s statement came after talks with U.N. officials in […] Read more
Russian peas to China is a ‘game changer’
Russian peas are on the way to China, signaling the start of a new era in Canada’s top market for the crop. “The first shipments are already happening from Siberia regions,” Rustam Guliev, a commodity trader with Russia’s Top Grain, said in an email. “Also hearing that shipments are done from the south side (of […] Read more
Wheat drops as talks start on Ukraine grain export deal
HAMBURG (Reuters) – Chicago wheat and corn futures fell on Monday, as talks started about renewing the shipping agreement which allows Ukraine to export grains into global markets. Soybeans were underpinned by continued concern about drought damaging Argentine crops. Chicago Board of Trade most-active wheat fell 0.7 percent to US$6.74-1/4 a bushel at 1144 GMT. […] Read more
Huge Aussie canola crop may hurt Canadian exports
Australia’s “monstrous” canola harvest has Ken Ball adjusting his Canadian supply and demand numbers. The Australian government’s new official estimate for its 2022-23 crop is a record 8.3 million tonnes, up from the December forecast of 7.3 million tonnes. “Our (Canadian) exports are going to be well down from our earlier projections because of the […] Read more
