Markets
The supposed saviour of the wheat market is in trouble. Heavy harvest rain is causing extensive quality damage to Australia’s crop in northern and central New South Wales and Queensland, said MarketsFarm analyst Bruce Burnett. “It is not a good situation there,” he told participants attending a recent webinar. The re-emergence of La Nina is […] Read more
Markets
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was $47.35 Nov. 12. It was unavailable Nov. 5. U.S. hogs averaged $58 on a carcass basis Nov. 12, down from $59.90 Nov. 5. The U.S. pork cutout was $94.71 per hundredweight Nov. 12, down from $96.33 Nov. 5. 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 slaughter surges Moderate cash trade developed last week with prices generally steady with the previous week. […] Read more
Feds fund pulses, special crops
Federal agriculture minister Marie-Claude Bibeau has announced $4.3 million in funding for the pulse and special crops sectors. Pulse Canada will receive slightly less than $4.2 million of the investment with $2.3 million aimed at its 25 by 25 strategy. That plan calls for 25 percent of production to be in new markets by 2025. […] Read more
Grain shipments uncertain amid B.C. floods
It is too early to determine the effect of massive floods in British Columbia’s Lower Mainland on grain movement, according to the company monitoring Canada’s grain handling and transportation system. As much as 200 millimetres of rain earlier this week have triggered mudslides and cut access to rail lines and highways east of Vancouver. The […] Read more
B.C. mulls state of emergency after floods, food shortages reported
ABBOTSFORD, British Columbia, Nov 17 (Reuters) – British Columbia could introduce a state of emergency on Wednesday to help deal with massive floods that cut access to the country’s largest port and stranded thousands. Mudslides triggered by heavy rains destroyed several major roads and killed at least one person. Officials say the death toll could […] Read more
B.C. flooding cuts access to Port of Vancouver
UPDATED: November 16, 2021 – 1625 CST – The movement of agricultural commodities from the Prairies to the West Coast is being disrupted by extreme flooding in British Columbia. Reuters is reporting that all rail access to the Port of Vancouver has been cut by floods and landslides in the B.C. interior, which could sideline […] Read more
Europe doubles down on renewable energy
The European Commission wants to double the amount of renewable energy sources in its overall energy mix but it remains uncertain what that might mean for Canadian canola demand. Earlier this year the commission published a proposal to revise the Renewable Energy Directive to include a target of 40 percent renewables by 2030, up from […] Read more
China calls for overhaul of farm subsidy rules under WTO
REUTERS — China has called for the removal of “enormous” farm subsidies in some developed countries as part of Beijing’s push for reform of the World Trade Organization. “There are very unfair rules in the agriculture sector, and enormous subsidies some developed country members are entitled to, that severely distort international agricultural trade,” said Wang […] Read more
As the world turns, corn drops down
It’s already underway — climate change will result in declining corn yields globally while wheat rises
Climate change is going to have profoundly different impacts on two of the world’s most widely grown cereal crops, according to new research. Global corn yields are projected to decline by 24 percent by the end of the century, while wheat yields are forecast to grow by 17 percent over that same period, according to […] Read more
