Markets
An OECD-FAO outlook sets new targets of a 28 percent yield increase and six percent emission reduction
Global agricultural production systems need to be transformed if the world is going to eliminate hunger by 2030, according to a new report. A 28 percent increase in agricultural productivity is required to meet that objective, according to an agricultural outlook report released by the Organization for Economic Co-operation and Development and the United Nations […] Read more
Markets
Honey industry seeks new markets
The Canadian sector has placed much emphasis on finding ways to lessen its reliance on exports to the United States
In 2020, Japan quietly became the largest market for Canadian honey. Canadian honey producers sold $23.7 million in honey to Japan that year. Sales to the United States were a close second at $19.3 million. The export figures were unusual because the U.S. has been for years the most important destination for Canadian honey. In […] Read more
Ukrainian export optimism based on ports reopening
Major market analyst believes 31.5 million tonnes of corn and 16 million tonnes of wheat could be exported in 2022-23
UkrAgroConsult believes Ukraine’s grain and oilseed exports could be much higher than the U.S. Department of Agriculture forecasts. “Export potential is serious and supported by unusually high ending stocks,” company grain market analyst Maryna Marynych said in a webinar. She forecasts as much as 31.5 million tonnes of corn and 16 million tonnes of wheat […] Read more
Ethanol demand survives skyrocketing gasoline prices
U.S. gasoline prices have increased 53 percent since last year but consumer use has only decreased 6.6 percent
Stratospheric gasoline prices don’t appear to be having a huge impact on ethanol demand, which is a good thing for grain prices, says an analyst. Regular gasoline prices averaged US$4.77 per gallon in the United States on July 4, according to the U.S. Energy Information Administration. That is up 53 percent over the same time […] Read more
Soybean crush capacity poised to lower meal price
Saskatoon newsroom Feedgrain prices are set to fall in coming years as soybean crush capacity soars in the United States, says an analyst. Annual crush capacity is expected to grow by 800 million bushels as grain companies capitalize on new policies like California’s Low Carbon Fuel Standard that are promoting the use of soybean-based renewable […] Read more
Strike ends at CN
Medicine Hat bureau The 750 striking International Brotherhood of Electrical Workers at Canadian National Railway are back at work after the union and company agreed to binding arbitration. The three-week strike saw workers representing the signal and communication branch of the company take to the picket line last month after contract negotiations begun last fall […] Read more
Canada farmers planted more wheat, less canola
July 5 (Reuters) – Canadian farmers planted more acres of wheat, corn, lentils, and oats compared to 2021 levels, while planting less canola, barley, soybeans and dry peas, according to a Statistics Canada survey released on Tuesday. The survey, conducted between May 13 to June 12, found that the seeding decisions were influenced by ongoing […] Read more
Canadian wheat plantings hit 9-year high as food prices spike
WINNIPEG, Manitoba, July 5 (Reuters) – Canadian farmers planted the most wheat this spring in nine years, as bottlenecks in global supplies drove up prices of grain and food, a government report showed on Tuesday. Farmers seeded more spring wheat and canola than they intended in spring, according to Statistics Canada, but wet conditions raise […] Read more
Canadian flax crop looks to be in good shape
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
Ukrainian export optimism based on ports reopening
UkrAgroConsult believes Ukraine’s grain and oilseed exports could be much higher than the United States Department of Agriculture forecasts. “Export potential is serious and supported by unusually high ending stocks,” company grain market analyst Maryna Marynych said in a webinar. She forecasts as much as 31.5 million tonnes of corn and 16 million tonnes of […] Read more
