Markets
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
Markets
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
Plant protein sector expansion sparks growing pains
Players in the plant protein industry made headlines in recent weeks that will be closely watched to see if the sector can live up to the excitement or hype heaped upon it. There is still a good argument that plant protein products have a bright future, but to maximize growth, promoters might have to put […] Read more
World trade needs a miracle to break barriers logjam
Today the international trading environment, especially for agriculture, can appear to be hopeless. China has weaponized trade in its increasingly assertive geopolitical strategy. The European Union is trying to impose its restrictive and suffocating domestic policies across the planet. India hardly bothers to appear to care about its trading partners concerns. The United States appears […] Read more
Slumping soybean demand lowers prices
Soybean prices have been plummeting on China’s Dalian Commodity Exchange and that is a bad omen, says a leading grains and oilseeds analyst. “Something has happened to demand in China,” DTN’s lead analyst Todd Hultman told attendees of a recent webinar hosted by the company. Back in September he told a group of farmers in […] 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 market stalls The U.S. fed market broke from its sideways trading range last week and prices […] Read more
WP livestock report
Hogs The Nov. 5 U.S. national live price for barrows and gilts was not available, but was US$47.09 on Oct. 29. U.S. hogs averaged $59.90 on a carcass basis Nov. 5, down from $61.70 Oct. 29. The U.S. pork cutout was $96.33 per hundred weight Nov. 5, down from $96.52 Oct 29. The estimated U.S. […] Read more
