Markets
India’s lentil crop has recovered well after a rocky start but February will tell the tale, says an analyst from that country. Seeding in the states of Bihar and Uttar Pradesh was delayed this year due to excessive rains and flooding caused by cyclones. “Everybody was a little worried,” V.N. Saroja, chief strategy adviser with […] Read more
Markets
U.S. legislation targets shipping container crisis
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
China opens up to Russian grain
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
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. Protest affects beef chain Beef supply chain disruptions plagued the cattle complex last week and two major […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was $64.79 Feb. 4, up from $56.76 Jan. 28. U.S. hogs averaged $83.87 on a carcass basis Feb. 4, up from $75.11 Jan. 28. The U.S. pork cutout was $97.41 per hundredweight Feb. 4, up from $96.39 Jan. 28. The estimated U.S. weekly slaughter […] Read more
Pipeline Foods suppliers compensated
UPDATED: 1625 CST Tuesday February 8, 2022 – The Canadian Grain Commission is starting 2022 by sharing a bit of good news and bad news with prairie farmers. The good news is that growers owed money by the now defunct Pipeline Foods will be fully compensated. The CGC is issuing cheques totaling $2.2 million to […] Read more
China lifts restrictions on imports of Russian wheat, barley
MOSCOW, Feb 4 (Reuters) – China will allow imports of wheat and barley from all regions of Russia, the Russian state agricultural watchdog said on Friday, a new grain export success for Russia that could lead to greater competition for other suppliers like France. The move, announced as part of agreements signed during President Vladimir […] Read more
USDA to spend $1 bln to promote climate-friendly agriculture
Feb 7 (Reuters) – The U.S. Department of Agriculture will invest $1 billion in pilot projects that promote farming, ranching and forestry practices that cut greenhouse gas emissions or capture and store climate-warming carbon, USDA Secretary Tom Vilsack told Reuters. The agency is due to announce the Partnerships for Climate-Smart Commodities program later on Monday. […] Read more
Drought hits large wheat-importing region
Drought is threatening cereal crops in several North African countries, according to Gro Intelligence, a climate analytics platform. Much of Algeria is experiencing “severe” drought while “extreme” drought is widespread in Morocco and Tunisia. The analytics firm is forecasting an increase in grain imports to what is already the world’s largest wheat-importing region if the […] Read more
Pulling the curtain on Chinese tariffs
China filled its wheat tariff rate quota last year for the first time since joining the World Trade Organization in 2001. The country bought 9.72 million tonnes of the crop, which is slightly above its TRQ of 9.64 million tonnes. Wheat imported under the TRQ is assessed a one percent tariff. Anything beyond that volume […] Read more
