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Beyond Meat eyes Prairies for pea protein

Beyond Meat wants more peas from the Prairies. The California company, best known for its veggie burgers, has signed a long-term deal with Roquette, a French company and major supplier of pea-based protein. “This latest contract with Roquette reflects Beyond Meat’s commitment to further scaling the plant protein supply chain as global demand for our […] Read more

Phase 1 commodity targets likely more than China can chew – analysts

BEIJING/SINGAPORE,  (Reuters) – Commodity traders and analysts are struggling to map out how China will reach the eye-popping amounts it is committing to buy from the United States under Phase 1 of their trade deal. China has pledged to buy $50 billion more in U.S. energy supplies, and will raise U.S. agriculture purchases by some $32 billion […] Read more

China to ramp up U.S. ag purchases in trade deal

WASHINGTON, (Reuters) – China has pledged to buy almost $80 billion of additional manufactured goods from the United States over the next two years as part of a trade war truce, according to a source, a target that could provide a much-needed boost for planemaker Boeing but is being questioned by U.S. trade experts. Under […] Read more

USDA raises soybean/corn yield expectations

Winnipeg,(MarketsFarm) – Corn and soybean yields in the United States ended up slightly better than earlier expectations, according to updated production estimates from the U.S. Department of Agriculture released last week. Corn yields were upped to 168 bushels per acre, from 167 bu/ac in the December report. Meanwhile soybean yields were raised by half of […] Read more

The Canadian Grain Commission reported total domestic disappearance of canola during the crop-year-to-date of just over 4.8 million tonnes, as of Jan. 5, 2020. That's roughly one million tonnes ahead of the domestic disappearance during the first 22 weeks of the previous crop year and well above the 3.7 million tonnes exported to-date. | File photo

Solid crush more than makes up for slow Canadian canola exports

Winnipeg,(MarketsFarm) – Canada’s ongoing diplomatic dispute with China may be slowing canola exports, but the strong pace of the domestic crush is more than making up for any shortfall in international business. The Canadian Grain Commission reported total domestic disappearance of canola during the crop-year-to-date of just over 4.8 million tonnes, as of Jan. 5, […] Read more

After producing hemp mostly for grain, for two decades, Canadian farmers leapt into the hemp CBD business. However, there are signs that grower fascination with CBD may be fading.
 | WP illustration

Hemp CBD bubble may have burst

In North America’s hemp industry, 2019 may be remembered as the year that the CBD craze hit its peak. The obsession with growing hemp for CBD, or cannabidiol, was impossible to miss at farm conferences and hemp trade shows across North America last year. Jeff Kostuik remembers the enthusiasm for CBD at those meetings, particularly […] Read more

Canaryseed has typically been a crop that producers will store until prices improve or cashflow dictates a sale is necessary.  |  File photo

Canaryseed on the rise; more rallies may be to come

This could be the year the canaryseed market fully absorbs the “hidden inventory” that has been weighing down prices for years, say industry officials. Prices have climbed to 30 cents per pound as the inventory dwindles and that appears to be a trigger point for those who have been sitting on the crop. Lucas Sutherland, […] Read more

Phosphate prices are reaching lower levels, making the input more attractive for producers and less so for this phosphate mine in Mdhilla, Tunisia.  |  Reuters/Zoubeir Souissi photo

Phosphate prices become attractive for producers

Prices of the nutrient may be as low as the market can bear for 2020, retailing at $575 to $600 per tonne

Now is a good time to buy phosphate fertilizer, say industry experts. Phosphate prices in New Orleans, Louisiana, (NOLA) in late December 2019 were the lowest they have been since December 2006. The NOLA price is considered the starting price for North American phosphate. It was about US$240 per tonne at the end of 2019, […] Read more