Canadian farmers planted 6.36 million acres of durum, 5.5 per cent more than 2023, while U.S. acres jumped 29 per cent
SASKATOON — The price spread between spring wheat and durum will likely narrow in 2024-25, says a grain industry analyst. In fact, this could be one of those rare years when spring wheat momentarily trades at a premium to durum, said GrainFox chief analyst Neil Townsend. Canadian farmers planted 6.36 million acres of the crop, […] Read moreNews
New BRICS grain exchange idea gains traction
Group appears to be getting behind Russia’s proposal for a new marketing system, but trade observers remain skeptical
SASKATOON — Russia’s proposal to form a BRICS grain exchange appears to be gaining momentum. BRICS is an intergovernmental organization comprising Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia and the United Arab Emirates, according to Wikipedia. The idea for a BRICS grain exchange was originally tabled by the chair of Russia’s Union of […] Read more
Pork action double-edged sword for Brazil
Country would benefit if China took anti-dumping measures against EU, but competition could increase in other markets
SAO PAULO, Brazil (Reuters) — China’s potential imposition of anti-dumping measures on European Union pork imports, a disastrous scenario for the bloc, could benefit Brazil’s exporters but also affect the country’s ability to compete elsewhere, analysts and industry sources said. Chinese companies have asked for an anti-dumping probe into pork imports from the European Union, […] Read moreLivestock Report
HOGS The U.S. national live price average for barrows and gilts was not available July 5. It was $67.64 June 28. U.S. hogs averaged $89.45 on a carcass basis July 5, down from $89.17 June 28. The U.S. pork cutout was $94.91 per hundredweight July 5, down from $97.89 June 28. The estimated U.S. weekly […] Read more
Proposed overhaul of U.S. gov’t has implications for farm bill
This year, like last year, is a farm bill year and this year, like last year, probably won’t deliver any farm bill. The reason is the oldest one in Washington, D.C.: politics. Most congressional Republicans aren’t interested in passing any bipartisan farm and food assistance bill when they believe a delay might deliver a Republican-controlled […] Read more
Global demand exceeds crop supply, says economist
Sluggish production blamed on adverse weather conditions and high input costs that led to reduced fertilizer use
SASKATOON — Rising demand and below-trend yields are leading to a tightness in global supply of the major crops, says one of the world’s largest crop input suppliers. The global stocks-to-use ratio for the major crops, excluding China, has been trending down since 2018, Jason Newton, Nutrien’s chief economist, told delegates attending the 24th International […] Read moreSaskatchewan hikes dog rebate
REGINA — The Saskatchewan Crop Insurance Corp. has bumped up the rebate available under its guardian dog program. The maximum rebate has risen from $100 to $400 per dog, or the full value of the dog if a producer paid less than $400 for it. The increase is retroactive to April 1, 2024. Agriculture minister […] Read more
Ottawa makes carbon tax rebate available
REGINA — Farmers with employees could qualify for a rebate related to carbon pricing as long as they file their taxes by July 15. The Canada Carbon Rebate for Small Businesses was announced in this year’s federal budget, and while details are still scant, it will return a portion of the price on pollution through […] Read more
Beef imports from Britain jump 177 percent
WINNIPEG — Beef imports from the United Kingdom are up 177 percent in the first four months of 2024. Canada imported $10.2 million worth of beef from Jan. 1 until the end of April. That’s a significant increase from the same period in 2023, when beef imports from Britain were $3.7 million. If the pace […] Read more
Clone-derived meat sparks discourse
Glacier FarmMedia – The idea of sourcing meat from cloned animals is making waves in Canada. On May 25, Health Canada closed consultations on a proposed policy change for cloned animal products, which are those from animals conceived through somatic cell nuclear transfer (SCNT) and their offspring. The transfer involves replacing the nucleus of an […] Read more
