Markets
Canada is assuring its global wheat customers that it has a top-notch crop to sell them this year. “We are pleased to share that Canada has excellent quality in all wheat classes,” Dean Dias, chief executive officer of Cereals Canada said in a press release. Over 90 percent of the Canada Western Red Spring wheat […] Read more
Markets
Lower China imports affect feedgrain export outlook
World feed grain demand is not good early in the 2022-23 crop marketing year, says an analyst. “There is a trend developing that China will take a lesser amount of feed grains this crop year than prior years,” said Dan Basse, president of AgResource Company. China imported 550,000 tonnes of corn in October, 58 percent […] Read more
American wheat group takes Turkey to task
Turkey is not playing by the rules when producing and exporting wheat flour, according to U.S. Wheat Associates. “Turkey maintains a web of substantial domestic support programs that incentivize the overproduction of Turkish flour, which is dumped into overseas markets below global price levels,” the group alleged in a recent blog post. USW said the […] Read more
Renewable aviation fuel plant proposed
An Alberta company is attempting to piece together a $600 million canola-based sustainable aviation fuel project near Calgary. Reconciliation Energy Transition Inc. (RETI) has announced its intention to build the project, with a final investment decision to be made around August 2023. RETI is an affiliate of Project Reconciliation, a firm attempting to purchase the […] Read more
Feds set up Indo-Pacific ag trade office
In June, groups representing Canada’s canola, grain and pulse industries asked the federal government to open an agriculture and agri-food trade office in Asia. Six months later, the government is doing just that. Prime Minister Justin Trudeau, at the Asia-Pacific Economic Cooperation (APEC) meeting in Bangkok, Thailand, announced today that Canada expects to spend $31.8 […] Read more
Low Mississippi River water levels threatens grain exports
Low water levels on the Mississippi River in the United States could have an impact on corn and other grain prices, but are unlikely to affect fertilizer deliveries into Canada, say officials. The Mississippi River is considered low if the stage falls below five feet in Memphis, Tennessee. On Oct. 20 it hit a record […] Read more
Regulatory reform will boost productivity: Poloz
Canada needs to take steps to address its poor productivity performance, says the former governor of the Bank of Canada. The country has been at the low end of the pack of advanced nations on that crucial metric for the past 20 years. “In fact, a recent OECD (Organization for Economic Co-operation and Development) study […] Read more
Canada relinquishes pea crown
Canada has lost its long-standing status as the world’s biggest pea producer. Russia harvested a record 4.3 million tonnes of the crop in 2022, according to a recent Global Pulse Confederation (GPC) article. That tops Canada’s estimated production of 3.59 million tonnes. Marlene Boersch, managing partner of Mercantile Consulting Venture, said the report of a […] Read more
Calendars may explain wheat ending stock discrepancy
Agriculture Canada uses the July-August crop year in its calculations while U.S. Department of Agriculture uses June-May
There is a big discrepancy between Agriculture Canada and the U.S. Department of Agriculture regarding Canada’s estimated 2022-23 wheat ending stocks. Agriculture Canada is forecasting 6.2 million tonnes of all wheat ending stocks, while the USDA is substantially lower at 4.17 million tonnes. That is a critically important difference because ending stocks are highly correlated […] Read more
Thunder Bay grain shipments increase
Grain shipments through the Port of Thunder Bay are returning to “more normal volumes” following a disappointing start to the 2022 export season, the port authority said last week. “I guess I would say things are getting back to normal,” said Tim Heney, chief executive officer at the northern Ontario port. “We’ve had some pretty […] Read more
