Markets
OTTAWA (Reuters) – Canada has asked for formal consultations with Mexico over its restrictions on genetically modified (GM) agricultural imports under the North American free-trade agreement, Bloomberg News reported on Wednesday, citing people familiar with the matter. Canada requested the talks on Tuesday, according to Bloomberg, a day after the U.S. requested formal trade consultations […] Read more
Markets
Gluten-free oat contracts fall apart
Purely Canada Foods writes letter to about 30 farmers in northeastern Sask. dissolving contracts it had signed with them
A food ingredient company in Regina is walking away from gluten-free oat contracts it signed with about 30 farmers in northeastern Saskatchewan in 2022. The numbers are estimates, but it’s possible that the affected producers could lose $4 to 5 per bushel in the value of their oats with the production contracts voided. Purely Canada […] Read more
Complete reset urged for transition to organics
Researcher says many producers take ‘input substitution’ approach when moving to organics from conventional farming
More research is needed on closing the yield gap between conventional and organic agriculture, says a U.S. researcher. Houston Wilson, director of the University of California’s Organic Agriculture Institute, has conducted a meta-analysis of hundreds of studies on dozens of organic crops. The conclusion is that organic yields are about 20 percent lower than conventional […] Read more
U.S. widens regulatory net to get tough on organic fraud
Regulations will now apply to the traders, brokers and storage facilities that function between the farmer and the retailer
The United States is taking a big step toward preventing organic agriculture fraud. The Strengthening Organic Enforcement (SOE) Final Rule was published Jan. 19 and takes effect Mar. 19, 2024. It is the largest revision to U.S. organic regulations since they were first published in 2000. The changes were made to address organic fraud and […] Read more
Crude oil prices have fallen but could rally in second half
After a year at elevated levels, oil prices are back near where they were before Russia invaded Ukraine but diesel, while moderated, is still above pre-invasion prices . With the seeding season only a few weeks away, Canadian farmers hope their diesel costs don’t see a repeat of last year when prices soared in response […] Read more
Failure not necessarily a disaster on the ladder to success
Can you fail your way to success? Prairie farmers should hope that somebody makes a winner out of the financial mess at Merit Functional Foods, the canola protein processor in Winnipeg that has been placed in receivership. Whatever happens to the shareholders and debt holders, which involves numerous players including Burcon NutraScience, Farm Credit Canada […] Read more
Barley exports slow, but ahead of ’22
Canadian barley exports slowed in January, but out-of-country movement is still running ahead of the year-ago pace, according to updated export data from the Canadian Grain Commission. Canada exported 131,100 tonnes of barley from licensed facilities in January, with China the top customer taking 100,500 tonnes. Total barley exports were well off the 344,500 tonnes […] Read more
GM wheat approved in Brazil
SAO PAULO, Brazil (Reuters) — Brazilian biosecurity agency CTNbio has approved cultivation of a drought-resistant genetically modified wheat in the country, according to a decision published on its website, making Brazil the second country after Argentina to grant such a permission in the world. The approval request was made by Tropical Melhoramento e Genetica, a […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts March 3 was $57.94, down from $59.58 Feb. 24. U.S. hogs averaged $78.04 on a carcass basis March 3, up from $77.68 Feb. 24. The U.S. pork cutout was $85.57 per hundredweight March 3, up from $85.35 Feb. 24. 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. Fed prices rise Fed cattle prices in Alberta and Ontario surpassed $200 per hundredweight live last week. […] Read more
