Markets
REUTERS — Deere and Co surpassed market estimates for quarterly profit late last month as a surge in crop and livestock prices encouraged farmers to splurge on tractors and combines. The results sent shares of the world’s largest farm equipment maker three percent higher in pre-market trading and eased some fears around the impact of […] Read more
Markets
Deere posts profit surge on soaring farm income
Buyers are calling the tunes for farmers’ annual dance
Crop management is going to get trickier and farmers might have to accept that they won’t get paid for the extra effort. Farmers already face restrictions from many buyers on issues like pre-harvest glyphosate, but more and more buyers are placing more and more requirements on how a farmer grows a crop. If you want […] Read more
Canfax report – Dec 09, 2021
Fed market strengthens December is traditionally a strong market for fed cattle and last week prices established new second-half-of-the-year highs. Excitement around the western Canadian fed market pales in comparison to that of the United States. Prices there have gained $13 per hundredweight over the past five weeks and are trading at the highest levels […] Read more
WP livestock report – Dec 09, 2101
HOGS The U.S. national live price average for barrows and gilts is $45.96 Dec. 3, was up from $42.11 Nov. 26. U.S. hogs averaged $61.80 on a carcass basis Dec. 3 up from $55.13 Nov. 26. The U.S. pork cutout was $81.37 per hundred weight Dec. 3, down from $83.98 Nov. 26. The estimated U.S. […] Read more
India repeals ag reforms; plots new course
Indian Prime Minister Narendra Modi has repealed three controversial agriculture reform laws passed by the Parliament of India in the fall of 2020. Hundreds of farmers died in protests sparked by the reforms and there was a huge loss in agricultural productivity. “All said and done, it is sad,” G. Chandrashekhar, senior editor of the […] Read more
Health Canada to issue decision on gene edited crops
Health Canada is expected, very soon, to publish guidance on how gene-edited crops will be regulated. It appears the department will treat gene edited crops differently from genetically modified (transgenic) crops, which means the oversight of gene edited crops could be closer to conventionally bred crops. Gene editing is often described as adding, removing or […] Read more
Cargill labour disruption averted
Canada’s beef industry has avoided a significant labour disruption, as workers at Cargill’s High River, Alta., packing facility have voted to accept a new contract. Although the threat of a strike or lockout affecting much of Canada’s beef sector has been averted, the union representing workers at Cargill’s plant in High River, Alta., says its […] Read more
B.C. flood effects being tallied as recovery begins
Provincial and federal officials are looking at how to best get financial help to British Columbia producers hit by flooding that has damaged their property and killed hundreds of thousands of farm animals. “Our hearts continue to be with the folks that are struggling with the very difficult situations that are happening right now,” B.C. […] Read more
Steam comes out of hot flax market
The early-season buying spree that was prompted by this year’s drought appears to be over, at least for the time being
Flax prices have come off of their highs as the market undergoes a reset, says a processor of the crop. “It seems to be easing off now because we’re just at some values that are just so, so high,” said Kevin Dick, president of All Commodities Trading. Prices have dropped to $40 to $41 per […] Read more
Fierce price competition likely to suppress pulse acres
Pulse acres will drop in 2022 despite sky-high fertilizer costs, according to one of Canada’s leading analysts. Stat Publishing is forecasting 4.06 million acres of lentils, a six percent decline from this year and 3.74 million acres of peas, down two percent. Stat editor Brian Clancey can’t justify penciling in an increase in plantings of […] Read more
