Markets
Canadian lentil exports to India are expected to fall in 2022 despite the elimination of the import tariff, say analysts. Gaurav Jain, director of AgPulse Analytica, estimates that India’s total lentil imports will fall to no more than 500,000 tonnes in 2022, down from 724,540 tonnes last year. Canada accounted for 78 percent of last […] Read more
Markets
China set to diversify food imports
Canadian exporters warned that deal to open up to Russian grain is the tip of the iceberg as China looks for new suppliers
China is opening the door to Russian exports of wheat and barley, potentially creating more competition in Canada’s top market for those two commodities. News leaked out of Russia on Feb. 4 that China is dropping phytosanitary rules limiting imports from only seven regions of Russia, none of which were prime production areas. The country […] Read more
U.S. legislation targets shipping container crisis
Canadian exporters demand similar action, but feds say legislation already exists to address ‘anti-competitive’ practices
Exporters of Canadian agricultural products are looking with envy at legislation wending its way through the U.S. Congress. The House of Representatives and Senate have both passed versions of the Ocean Shipping Reform Act, which would give more regulatory oversight to the Federal Maritime Commission. The legislation is in response to shipper complaints about the […] Read more
Industry disagrees over Chinese demand for feed wheat
U.S. government agencies think China will use 35 to 36 million tonnes, but traders believe it will be only 10 to 24 million
There is a sharp divide in China’s estimated feed wheat use for 2021-22. The United States Department of Agriculture is forecasting 36 million tonnes, which is in line with the U.S. Foreign Agricultural Service’s 35 million tonne estimate. But according to traders and analysts interviewed by Reuters, the volume could be far lower than that. […] Read more
Grain stocks remain tight in Canada
Canada’s tight supplies of canola, wheat and other crops following the 2021 prairie drought received more confirmation from Statistics Canada with the release of updated stocks data on Feb. 8. Canola stocks, as of Dec. 31, of 7.6 million tonnes were down 43 percent from the previous year and the tightest since 2007. Total wheat […] Read more
Inflationary times can benefit Western Canada
The latest deep cuts to estimates of South American crops increase the likelihood of an extended period of high crop and food prices that will add to the factors driving inflation to the highest levels since the 1980s. High inflation and the high interest rates that central banks use to fight fast-rising prices are hard […] Read more
Another tough season expected for inputs
We complain a lot about breakdowns in our supply chains and transportation systems, but most are dependable and reliable. However, this year is going to see a real challenge to our inputs supply system, one only likely to get worse as border blockades further snarl our pandemic-ravaged global supply chains. That’s a production risk farmers […] Read more
Alternative protein moves beyond soybeans, peas
Report says increased consumer emphasis on sustainability and health awareness drive the demand for these products
Archer-Daniels-Midland recently released a report identifying the seven biggest trends in the alternative protein market. They ranged from creating new protein sources from fungi to making plant-based meat substitutes more affordable and palatable to the public. The seven trends in the report were: introduction of novel protein sources, using microbial fermentation, plant-based whole-muscle products, innovation […] Read moreWP livestock report
Hogs The U.S. national live price average for barrows and gilts was $64.73 Feb. 11, down from $64.79 Feb. 4. U.S. hogs averaged $82.36 on a carcass basis Feb. 11, down from $83.87 Feb. 4. The U.S. pork cutout was $109.96 per hundredweight Feb. 11, up from $97.41 Feb. 4. The estimated U.S. weekly slaughter […] 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 disappoints Alberta fed cash-to-futures basis levels have ranged from -$21.50 to -$22.25 per hundredweight over […] Read more
