Grain deliveries are well behind last year’s pace and that could create a backlog next spring, says a grain industry executive. A late crop combined with poor harvest conditions is leading to a dearth of grain trucks at local elevators. Producer deliveries are 650,000 tonnes behind last year’s pace, according to Canadian Grain Commission statistics. […] Read more
Markets — page 2
Quality durum expected to be in short supply this year
If you have quality durum safe in a bin you will likely be able to sell it at an attractive price this year. On the other hand, a lot of durum grown this summer was degraded first by rain and then by snow. This column was written before the weekend when heavy snow was forecast […] Read more
Market access loss may force risk management overhaul
I heard two things recently that made me think Canada’s farm risk management programs have a gaping hole. “It’s like we’re continually targeted. How do we deal with this?” Bill Campbell, president of Keystone Agricultural Producers, said to me during the Manitoba Protein Summit. “As a primary producer, am I going to be taking risk […] Read more
Canada takes U.S.-Japan trade deal in stride
The recently signed agreement mirrors the Comprehensive and Progressive Agreement for Trans-Pacific Partnership
Canadian agriculture officials do not feel threatened by a new tariff agreement signed between the United States and Japan. The new pact mirrors the agricultural tariff reduction commitments contained in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), of which Canada is a member, implemented on Dec. 30, 2018. Canadian and Australian wheat farmers […] Read more
Bad weather threatens malt barley exports
Late seeding and persistent late-summer rain have inflicted serious quality damage on much of this year’s barley crop
Canada will likely have to curtail exports of malting quality barley this year, says an industry official. “We will find enough malting barley for the domestic industry of course and for a limited export program,” said Peter Watts, managing director of the Canadian Malting Barley Technical Centre. He said it will be difficult to meet […] Read more
Tight Russian wheat crop not expected to boost prices
Two leading analysts believe Russia’s 2019-20 wheat supplies are going to be tight but that likely isn’t enough to reinvigorate international prices for the crop. Early season drought followed by harvest rains resulted in the second-straight disappointing Russian crop. The United States Department of Agriculture is forecasting 72.5 million tonnes of production, 34 million tonnes […] Read more
Ceres plans to sell shares
Ceres Global Ag Corp., owner of the Northgate, Sask., grain terminal, announced Sept. 20 that it is hoping to raise $12.6 million by selling nearly 2.8 million common shares — about 10 percent of the company’s total outstanding shares — in a private placement offer. According to a Sept. 20 news release, Ceres will sell […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was $38.27 per cwt. Sept. 27. The price was unavailable on Sept. 20. U.S. hogs averaged $48.39 on a carcass basis Sept. 27, up from $44.14 Sept. 20. The U.S. pork cutout was $73.26 per cwt. Sept. 27, up from $69.15 Sept. 20. The […] 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 market falls September has been disappointing for the fed market with prices $9 per hundredweight lower […] Read more
GrainsConnect opens Huxley terminal
GrainsConnect Canada has officially opened an inland storage terminal in east-central Alberta, helping add capacity to its growing network. At full operation, the terminal near Huxley, Alta., will load more than 130 rail cars in less than 14 hours, bringing what the company says will be efficiency and reliability to farmers. “Our mission at GrainsConnect […] Read more
