Markets
Natural gas supplies in Europe expected to determine how much farmers’ nitrogen fertilizer prices will increase in 2023
The global fertilizer outlook for 2023 ranges from bullish to bearish depending on the nutrient, according to an analyst. Vitor Pistoia, farm inputs analyst for Rabobank, is forecasting rising nitrogen fertilizer prices in 2023, but it is unclear how much worse it will get for farmers. It all hinges on what happens when the European […] Read more
Markets
Agriculture giants sign on to plan to save world’s forests
South American agriculture will face increasing environmental scrutiny following the latest global climate talks this fall. One development was an initiative of the Tropical Forest Alliance, a multistakeholder partnership platform supporting collective action to end forest destruction from palm oil, beef, soy, cocoa and pulp and paper supply chains. A group of about a dozen […] Read more
Vancouver’s grain-in-the-rain problem must be solved
Sinclair Harrison used to be astounded when he’d hear about how grain loading in the Port of Vancouver would be halted by rain. The idea that millions of tonnes of farmers’ grain could be stalled from getting onto ships due to rainy weather stunned the pragmatically minded Saskatchewan farm leader. After all, doesn’t it rain […] Read more
Ag Canada expects higher canola stocks
Latest carryout estimate made despite smaller crop because exports and domestic use are also expected to be down
Canadian canola ending stocks for 2022-23 were revised higher by Agriculture Canada in its latest supply-demand estimates released Dec. 16. The larger carryout projection came despite a downward revision to production, as both exports and domestic use were down from the November report. The department now sees canola carryout of 800,000 tonnes for the current […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts was not available Dec. 16. U.S. hogs averaged $80.67 on a carcass basis Dec. 16, down from $83.07 Dec. 9. The U.S. pork cutout was $87.44 per hundredweight Dec16., down from $88.56 Dec. 9. The estimated U.S. weekly slaughter to Dec. 17 was 2.596 […] 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 supplies manageable Summer-placed yearlings accounted for 20 to 30 percent of last week’s cash offering. Feedlot […] Read more
India set to approve GM mustard
India is well on its way to commercializing a genetically modified line of mustard, which could have implications for Canada’s growers. In October 2022, the country’s Genetic Engineering Appraisal Committee approved the environmental release of DMH-11, a mustard hybrid developed by the University of Delhi that is resistant to insect damage. The Indian Council of […] Read more
Indonesia boosts biodiesel mandate
Rising biodiesel mandates around the world will help keep vegetable oil supplies tight in 2023. Indonesia has announced plans to implement a 35 percent mandate (B35) as early as January 2023, according to a Mecardo analysis that appeared on the UkrAgroConsult website. “This will increase domestic Indonesian palm oil demand, providing support for palm oil […] Read more
Mexico says it aims for agreement with U.S. on GM corn in January
MEXICO CITY (Reuters) - Mexico and the United States aim to reach an agreement in January over a pending Mexican ban on imports of genetically modified (GM) corn, the Mexican foreign ministry said on Friday after officials from the two countries held talks in Washington. In a statement, the ministry said talks would continue in the meantime as the […] Read more
Alarm sounded on canola exports
Canada’s canola exports will fall way short of Agriculture Canada’s forecast and that means increased carryout and pressure on prices, says an analyst. Agriculture Canada is forecasting 9.3 million tonnes of exports in 2022-23. That is not the number that PI Financial Corp. canola analyst Ken Ball is hearing when he speaks to commercial traders. […] Read more
