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. The Alberta cash fed market failed to fully develop last week ahead of the Easter weekend. Early […] Read more
Markets — page 2
Canfax report
Is Chinese wheat demand a one-off?
China claims it has successfully rebuilt its grain reserves to a comfortable level. The National Food and Strategic Reserves Administration announced it has a 650 million tonne stockpile, according to a story on the World Grain website. That is enough to meet China’s domestic needs for wheat and cereal grains for more than one year. […] Read more
CN, CP Rail move record amounts of grain
WINNIPEG, April 6 (MarketsFarm) – Canada’s two largest railways both reported all-time highs in grain movement for March and for the first quarter. In a press release, Canadian National Railway announced on April 5 it had moved 2.95 million tonnes of grain last month, beating the previous March record of 2.74 million transported last year. […] Read more
Canada explores bilateral trade in Southeast Asia
Canada continues to pursue a multi-lateral free trade agreement with Southeast Asian nations, and those involved with negotiations say bilateral deals in the region could lead to larger pacts. The pursuit of a free trade deal with the Association of Southeast Asian Nations (ASEAN), a bloc of ten-member states, began three years ago but has […] Read more
Canada top U.S. ethanol customer as Brazilian sales drop
Guess who has overtaken Brazil to become the top export market for United States ethanol? “Our top trading partner right now is Canada, our friends to the north,” Growth Energy chief executive officer Emily Skor said in a recent webinar. Canada imported 1.23 billion litres of the biofuel in 2020, topping Brazil’s 757 million litres […] Read more
Canola should shrug off increase in palm oil
An analyst hopes higher Indonesian production and exports will help alleviate vegetable oil supplies that are too tight
The world’s largest producer of palm oil will harvest and ship out a record crop in 2021-22, according to the U.S. Department of Agriculture. However, that is not something Canadian canola producers should be fretting about because of low vegetable oil stocks heading into the new crop year, said MarketsFarm analyst Bruce Burnett. “We need […] Read more
Don’t let biofuel expansion threaten global biodiversity
New clean fuel standards promise to create a large domestic market for oilseeds but we must avoid overuse of biofuels to prevent despoilment of environmentally sensitive land around the world. Two projects announced this month in Saskatchewan are driven by expectations that clean fuel regulations in Canada and the United States will increase demand for […] Read more
Pleasure of few choices can be a blessing for producers
Many, perhaps most, farmers these days benefit from a wonderful bit of contrarian psychology, especially at this time of year: it’s better to have fewer choices than more choices. With many farmers’ rotations set, there isn’t much to decide when it comes to what to do with free acres because there really aren’t any. With […] Read more
Sask. canola crush goal has long way to go
The doubling of Richardson’s plant could see province crushing 50 percent of its canola, while the target is 75 percent
Saskatchewan’s canola crushing goal will still be a long way from being realized after Richardson International doubles the capacity of its facility in Yorkton. The province has set a target of crushing three-quarters of all the canola produced in the province by 2030. It is one of the 30 goals set out in the Saskatchewan’s […] Read more
Low ending stocks may offset big seeding plans for flax
Flax markets are at risk of being oversupplied if North American growers follow through with their seeding plans, says an analyst. “It’s a small commodity and big shifts in acres make a big difference,” said Marlene Boersch, managing partner of Mercantile Consulting Venture. The U.S. Department of Agriculture is forecasting 400,000 acres will be planted […] Read more
