Mustard movement has been good despite a global pandemic, says an industry official. “COVID hasn’t really effected anything other than allowing some farmers to move their product a little bit quicker,” said Scott Cunningham, manager of Canadian operations for Schluter & Maack. Orders increased sharply during the first five to six weeks of the pandemic. […] Read more
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Good weather, potentially poorer prices during recovery
While crop prices are weighed down by favourable prospects so far for global production, there are pockets of trouble providing hope for modest price support in certain commodities. European production in particular is struggling, raising hopes for another year of strong imports of Canadian canola, but on the global scale those troubles are balanced out […] Read more
COVID-19 pushes back Clean Fuel Standard
Canada’s ethanol industry is unfazed by Ottawa’s revelation that it is pushing back some of its greenhouse gas reduction targets in the proposed Clean Fuel Standard. “I think it’s fair to look at a reasonable delay,” said Renewable Industries Canada spokesperson Andrea Kent. The original plan called for a reduction of 3.6 grams of carbon […] Read more
Investing in commodities isn’t as wild as it once was
You don’t hear much about commodity investing these days. As I talked about last week in this space, long-term commodity futures investing has turned out to be a sucker’s bet, leading generally to long-term losses. But that doesn’t mean nothing’s going on in the world of commodity futures. In fact, the rapid evolution of commodity […] 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 cattle slide It was another tough week for the western Canadian fed cattle market with weighted […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was $25.21 June 26, up from $24.01 on June 19. U.S. hogs averaged $28.48 on a carcass basis June 26, no change from $28.48 June 19. The U.S. pork cutout was $65.95 per cwt. June 26, up from $64.64 June 19. The estimated U.S. […] Read more
Pulse company partnership targets retail markets
Two Saskatchewan based companies are combining forces to develop new pulse-based foods for retail and market-ready sectors. AGT Food and Ingredients of Regina and Ulivit from Saskatoon plan to spend $11.3 million from Protein Innovation Canada to address what they say is a growing consumer need. PIC chief executive officer Bill Greuel said the demand […] Read more
Pulse bump may stick around
COVID-19 has disrupted the production, handling and shipment of pulses but it has also had a major positive impact for the sector. “There has been a huge shift in demand for pulses,” said Randy Duckworth, executive director of the Global Pulse Confederation. Beans, chickpeas, lentils and peas have been flying off store shelves around the […] Read more
U.S.-China trade resumption may lift markets
Chinese sales of agricultural products from the United States have been slow but are expected to rise later in the year
A sharp rise in Chinese purchases of U.S. agricultural products could ignite the corn and wheat markets in the last half of the year, says an analyst. China committed to buy US$36.5 billion of U.S. agricultural products in 2020 in the Phase 1 agreement it signed with the U.S. on Jan. 15, 2020. Not much […] Read more
Trade issues frustrating but Canada well positioned
It is irritating when a trade partner puts up a barrier we think is unjust, blocking what was a lucrative market. And we get frustrated with our government’s inability to get the trade partner to change their minds. Current examples are China’s restrictions on Canada’s canola, India’s restrictions regarding fumigation of pulse crops, Italy’s country-of-origin […] Read more
