Markets
Food inflation may prompt government to lift import restrictions, as well as concerns about the size of country’s pulse crop
Canada’s pea markets will transform in 2022-23, says an analyst. “There is a lot of shifting going on here,” said Marlene Boersch, managing partner of Mercantile Consulting Venture. The biggest question mark is what will happen with India this year? Food price inflation is rampant in that country, which could cause India to rethink import […] Read more
Markets
Thunder Bay grain exports increase
Grain movement through the Port of Thunder Bay picked up in June, although total grain exports through the facility on the north shore of Lake Superior remain well off the year ago level. A total of 625,741 tonnes of grain were shipped during the month, marking the first time of the season that grain movement […] Read more
Canfax report – July 14, 2022
Fed prices trend higher Fed cattle prices have averaged in the low to mid $170s per hundredweight over the past nine weeks. From a seasonal perspective, the early summer market has defied the pressure that typically occurs. On a monthly basis, fed prices have trended higher since the start of the year. Over the past […] Read more
WP livestock report – July 14, 2022
HOGS The U.S. national live price average for barrows and gilts was unavailable July 8 and July 1. U.S. hogs averaged $118.72 on a carcass basis July 8, up from $114.22 July 1. The U.S. pork cutout was $114.67 per hundredweight July 8, up from $108.75 July 1. The estimated U.S. weekly slaughter to July […] Read more
Canadian wheat estimate disputed
The U.S. Department of Agriculture is projecting a 34 million tonne crop, but a Canadian market analyst is doubtful
The biggest surprise in the U.S. Department of Agriculture’s latest World Agricultural Supply and Demand Estimates report was its Canadian wheat production estimate, says an analyst. “USDA is wildly optimistic at 34 million tonnes for Canada,” said MarketsFarm analyst Bruce Burnett. That is one million tonnes higher than its June forecast and 57 percent higher […] Read more
Average crop may be developing on the Prairies
Delayed seeding on the eastern part of the Prairies is to blame for poorer crop production so far this growing season
Statistics Canada’s satellite-based vegetative growth map for the Canadian Prairies paints a picture with lots of green in the west and plenty of brown in the east. Green means higher than normal vegetative growth. Brown means lower than normal. The dividing line is north and south of Regina. The upshot is that the prairie region […] Read more
China’s canola plans still not at previous level
Country expected to increase purchases to 2.7 million tonnes from 1.9 million, a far cry from the four million it used to buy
China’s canola imports are expected to surge in 2022-23, according to the U.S. Department of Agriculture. It is forecasting that the Asian giant will purchase 2.7 million tonnes of the oilseed, up from 1.9 million tonnes in 2021-22. But that is still a far cry from the more than four million tonnes the country used […] Read more
Reduced soybean seeding fails to lift nervous market
The latest assessment of American seeded acreage changed the corn-soybean balance a little, but crop markets continued to fall because early summer weather in key global crop areas is favourable for 2022 production. Crop markets are also weighed down by the general negative attitude in equities and commodity trade as fears continue that rising interest […] Read more
Canadian flax crop looks to be in good shape
Acres have fallen in the United States, but the industry remains confident supplies will be adequate for customers’ needs
A processor and exporter of Canadian flax remains confident about supplies despite plummeting acres in the United States. “We were a bit nervous on being short acres and bushels to fill our contracts for our ingredient companies but that seems to be gone now,” said Evan Johnson, sales manager with TA Foods Ltd. in Yorkton, […] Read more
Renewed pea exports to India considered likely
Food inflation may prompt government to lift import restrictions, as well as concerns about the size of country’s pulse crop
Canada’s pea markets will transform in 2022-23, says an analyst. “There is a lot of shifting going on here,” said Marlene Boersch, managing partner of Mercantile Consulting Venture. The biggest question mark is what will happen with India this year? Food price inflation is rampant in that country, which could cause India to rethink import […] Read more
