Representatives from European, American and Chinese grain trade interests hope protectionist tendencies will ease
A cautious but optimistic world grain trade hopes to get back to “normal” business soon and back to globalization. There have been shocks to many countries’ food systems and a rising tide of protectionism, but members of a panel at the International Grains Council’s annual meeting sounded confident. “Through COVID-19 we should deeply realize the […] Read moreMarkets — page 329
Rules-based trade, yes, but Canada needs flexible policies too
The United States: Unreliable and undependable. China: Undependable and sometimes hostile. India: A mystery and a wild card. The rule-based, pro free-trade world: Shrinking and weak. How does Canada find a strategy to deal with that kind of a crazy, mixed-up world situation? That’ll be the challenge for Canada for the next decade, probably, as […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was $24.01 June 19, down from $24.38 on June 12. U.S. hogs averaged $28.48 on a carcass basis June 19, down from $30.36 June 12. The U.S. pork cutout was $64.64 per cwt. June 19, down from $69.99 June 12. The estimated U.S. weekly […] 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 prices slip Alberta direct cattle sales saw moderate volume trade last week with weighted average prices […] Read more
Sask. companies form pulse-based foods partnership
Two Saskatchewan-based companies are joining forces to move more pulse-based products into the retail sector. AGT Food and Ingredients from Regina and Saskatoon-based ulivit will use $11.3 million from Protein Industries Canada to process pea, lentil and faba protein concentrates into high moisture meat analogue, texturized pulse protein, tempeh, tofu, pasta and non-dairy analogues. Then […] Read more
Market tools quickly adapt to COVID
Derivatives markets in grain continue to evolve as impacts of COVID-19 and the winds of protectionism buffet the global industry. Grain exchange officials from Europe and South America told the International Grains Council annual conference that they continue to develop new products and are modifying the products that the ever-changing industry could use. “It really […] Read more
Americans free to sell their grain in Canada
Changes are coming to the Canada Grain Act as the updated free trade agreement comes into effect in North America. As of July 1, grain grown in the United States can receive an official Canadian grade if that variety is registered in Canada. Country of origin statements on inspection certificates for American grain will be […] Read more
Ukraine defends export restrictions
The country says the non-binding memorandum of understanding it signs with wheat traders has been misinterpreted
Black Sea export restrictions have raised the ire of importing countries, but Ukraine claims it shouldn’t be lumped in with the rest of the region. Taras Kachka, Ukraine’s deputy minister of economic development, trade and agriculture, said the country’s much-publicized 20.2 million tonne wheat export quota is being misinterpreted. “It sounds like a limit, but […] Read more
Study warns against long-term commodity investments
Long-term passive holding of commodity futures does not earn a return, concludes a group of agricultural economists. It’s the reiteration of a conclusion gutsily made by Scott Irwin and Dwight Sanders in 2012 — at the very height of the long-term commodity bull market, when multitudes believed otherwise. “No-one wanted to hear what we were […] Read more
Uncertain wheat demand hangs over market
Feed wheat faces stiff competition from corn while slumping ethanol production also reduces industrial use of the crop
Most of the news in today’s wheat market revolves around supply, but demand could be the real driver, says an industry official. For the first time in a long time projected global usage of the crop is expected to fall short of the 10-year trend, said Abdolreza Abbassian, secretary of the Agricultural Market Information System […] Read more
