Markets
WASHINGTON, Feb 1 (Reuters) – China has failed to meet its commitments under a two-year “Phase 1” trade deal that expired at the end of 2021, and discussions are continuing with Beijing on the matter, Deputy U.S. Trade Representative Sarah Bianchi said on Tuesday. “You know, it is really clear that the Chinese haven’t met […] Read more
Markets
Nutrien eyes potash production boost amid turmoil in Russia, Belarus
WINNIPEG, Manitoba, Feb 1 (Reuters) – Nutrien Ltd, the world’s biggest potash miner, could boost production by up to 29 percent in coming years, depending on any sanctions facing rival producers in Russia and Belarus, the Canadian company’s interim CEO told Reuters. Prices of granular potash fertilizer are near 10-year highs in the United States […] Read more
India increases lentil, chickpea acres
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 advisor with […] Read more
Philippines lifts suspension of Canadian beef imports
WINNIPEG, Manitoba, Jan 29 (Reuters) – The Philippines has lifted its suspension of Canadian beef imports, which it imposed due to detection of a cattle disease last month, Canadian Agriculture Minister Marie-Claude Bibeau said on Saturday. Canada detected a case of bovine spongiform encephalopathy (BSE) in December on an Alberta farm, the country’s first known […] Read more
KAP meeting focuses on drought, supply chains
Getting through the drought and dealing with the supply chain woes of the late pandemic dominated addresses by government agriculture department and farm leaders at Keystone Agricultural Producers’ annual meeting Jan. 25. Long-term issues such as labour and climate change remain a focus for provincial and national players. “While we understand there is a need […] Read more
Turkey’s lira crisis confronts markets
Imports become more expensive as the country’s currency falls in value, affecting demand for Canadian crops like lentils
The wacky monetary beliefs of Turkey’s ruler might seem like just a curiosity, but they could make a real impact on special crop markets. The tumbling value of the Turkish lira makes imports more expensive, pushing up the cost of Canadian crops like lentils for Turkish consumers. “Devaluation makes everything far more expensive for importers, […] Read more
Beef sector urged to find hope in high demand
High feed costs and the divide between retail prices and producer returns are challenges, but demand remains strong
Canfax analyst Brian Perillat said there is reason for optimism in the cattle market, even if producers don’t think so. Speaking to the virtual Saskatchewan Beef Industry Conference Jan. 20, he said he understands producers’ frustration over prices. “Alberta fed cattle prices were actually the second-highest on record last year, but it sure doesn’t feel […] Read more
Canaryseed prices look attractive for new crop year
Futures prices for the specialty crop remain strong as buyers compete for scarce supplies following last year’s drought
Low production from last year’s drought and record high prices virtually ensure any farmers with canaryseed in the bin will be vacuuming up every last pound, said Chuck Penner, a commodity markets analyst from Winnipeg. “I would expect that the record high prices that we’ve had this year will have drained most of that unreported […] Read more
Doubt cast on expectations for drop in canola acreage
Analysts are questioning Agriculture Canada’s call for a reduction in canola plantings this year. It is forecasting 21.7 million acres of the oilseed, a three percent drop from last year’s levels, caused by farmers shifting into growing more cereal crops. MarketsFarm analyst Bruce Burnett can’t see that happening. “New crop cash pricing around that $18 […] Read more
Chinese ambassador shows friendly side in trade speech
If there are hard feelings between China and Canada over the diplomatic dispute that afflicted the countries for three years, Cong Peiwu didn’t reveal it. “There is great potential for practical co-operation between our two countries,” Cong, China’s ambassador to Canada, said during a question-and-answer session organized by the Canada West Foundation Jan. 21. “China […] Read more
