ADM and Marathon Petroleum Corp. held a ribbon-cutting ceremony on November 14 to celebrate the opening of their joint venture soybean processing facility at Spiritwood, North Dakota. Green Bison Soy Processing is the state’s first soybean-specific processing complex, and a major step towards meeting increased demand for renewable diesel, the companies say. The facility —… Read More
Category: Markets
Cattle markets have not had a great week. “It’s been a tough week, to be very blunt with you,” says Anne Wasko of the Gateway Livestock Exchange. “In the cattle markets, it doesn’t matter where you are, north or south.” For this not-very-rosy Beef Market Update, Wasko starts off where we usually do, with U.S…. Read More
British cheese companies are ramping up pressure on the UK government to reach a deal with Canada before they lose preferential market access in the Canadian market on December 31. With the deadline looming, the cheese import issue has been linked with Canada’s long-standing quest for increased beef market access into the UK. According to… Read More
Farmers and ranchers have gotten pretty familiar with high diesel prices, but have likely noticed a bit of a relief from last month’s high. Patrick DeHaan, head of petroleum analysis at GasBuddy, says the average price of diesel across Canada right now is $1.81 per litre, down from $1.88 in mid-September. “Any decrease in the… Read More
Transport Canada has launched public consultations on Bunge’s proposed US$8.1 billion acquisition of Viterra. Transport Minister Pablo Rodriguez decided in September that the combination of the two grain companies warranted a review under the Canada Transportation Act regarding the impact it could have on Canada’s transportation system. Both Viterra and Bunge hold ownership interest in… Read More
The labour impasse between the St. Lawrence Seaway Management Corporation (SLSMC) and the Unifor union appears to have ended after a weekend of negotiations between the two sides. Approximately 360 members of five local chapters of the Unifor union in Ontario and Quebec were on the picket line starting October 22, 2023, after failed negotiations…. Read More
Welcome to the latest edition of our new (how long can we call it that?) monthly podcast: “Frontlines — Geopolitics affecting agriculture,” with Shaun Haney of RealAgriculture and Jacob Shapiro, geopolitical analyst with Cognitive Investments and Perch Perspectives. As you would expect, this episode features a discussion on the Israel-Palestine conflict as it continues to… Read More
Unlike some other North American ports, the St. Lawrence Seaway shipping corridor is seasonal, and the labour dispute holding up product movement is putting serious stress on Ontario’s agriculture sector during the harvest period. An estimated $20 million per day of grain isn’t moving through the St. Lawrence Seaway after members of UNIFOR went on… Read More
Farmers and commodity traders alike have heard plenty of gloomy predictions from market analysts over the past few months. There are a lot of bearish feelings regarding grain markets, Chip Flory of AgriTalk says, but there are signs that commodity prices may be finding support. “The corn market is finding what it needs to do… Read More