Markets
A poor pigeon pea crop will boost lentil imports, but sales will likely come from Africa and Myanmar rather than Canada
India’s pigeon pea crop has considerable quality damage but don’t expect increased demand for Canada’s limited supply of green lentils, say analysts. IGrain India Pvt is forecasting 3.1 million tonnes of Indian pigeon pea production, down slightly from last year. Crop damage was caused by harvest winds, rain and serious pest infestations. IGrain estimates 20 […] Read more
Markets
This year looks profitable for Man. growers
Analysis conducted by Manitoba Agriculture shows most of the big acre crops should turn a profit in the province in 2022
Growers with average crops should have a profitable year in 2022, Manitoba Agriculture estimates. Based on current cost-of-production, forward prices and expected yields, only barley looks to be a money loser among the big-acre crops on the eastern Prairies. That’s in terms of “net profitability,” which includes costs for land, machinery and living costs. In […] Read more
Nice 2022 crop market outlook: shame about the risk
When you add up everything, growing crops in 2022 should be profitable. The bottom line, assuming something like normal weather, should be pretty good, if you look at the analysis of Manitoba Agriculture’s farm management team. But those bottom-line calculations hide some giant risks that become obvious when you look at the elements of those […] Read more
Red meat trade with EU remains nearly one-way street
The red meat trade between Canada and the European Union was tilted significantly in favour of Europe in 2021, based on Agriculture Canada data for the first 10 months of the year. From January to October, European companies shipped $257 million worth of pork and beef to Canada. Most of that was pork, at $179 […] Read more
Canola industry still confident it can meet 2025 targets
Despite the dreadful results of the past few years, Canada’s canola industry believes it can still hit its audacious 2025 targets. “We have confidence that the canola production target is still attainable,” Chris Vervaet, executive director of the Canadian Oilseed Processors Association, told the recent Fields on Wheels conference. However, hitting those targets is going […] Read more
Chinese corn production may be on its way back up again
China’s corn production seems to be back on track after a five-year hiatus, but one analyst isn’t expecting a return to bloated government stockpiles of the crop. The country produced 273 million tonnes of corn in 2021, according to recently released official Chinese government estimates. That is a 12 percent increase over the previous year’s […] Read more
Canada posts biggest trade surplus for 13 years, exports offset flood impact
OTTAWA, Jan 6 (Reuters) – Canada posted a trade surplus of $3.13 billion in November, the largest in over 13 years, with record exports offsetting the impact of floods in British Columbia, Statistics Canada said on Thursday. Analysts polled by Reuters had forecast a November surplus of $2.03 billion. Exports and imports hit all-time highs […] Read more
Nutrien names interim CEO as top boss Schmidt steps down
Jan 4 (Reuters) – Canadian fertilizer maker Nutrien Ltd on Tuesday named Ken Seitz, the head of its potash unit, as its interim chief executive after top boss Mayo Schmidt stepped down after just eight months in the role. U.S.-listed shares of the world’s largest potash producer were down as much as 1.8 percent at […] Read more
Farm innovation funding hinges on carbon question
Climate change, once an afterthought for most farmers, has become top of mind for the federal government, adding a new focus for farmers hoping to be part of the continuing evolution of Canada’s agricultural economy. Proving that Canadian farmers are contributing to Canada’s climate change goals will be important in the next Agricultural Policy Framework […] Read more
Prairie price drop?
A decline in farmland values could be lurking around the corner for the first time in decades, say a couple of experts. “We do have potential for a correction,” said Ted Cawkwell, owner of Cawkwell Group, a Saskatchewan realtor. The last time farmland values dropped in that province was 2001. For Alberta and Manitoba, the […] Read more
