We’re into the dog days of summer, and the cattle markets are certainly reflecting that. Add in the July 1st holiday in Canada, and July 4th in the U.S., and we’ve got a slow start to the markets this week, says Anne Wasko of the Gateway Livestock Exchange. However, that doesn’t mean we don’t have… Read More
Category: Markets
Farmers across Canada may have planted slightly more canola and wheat than expected, if Statistics Canada’s acreage estimates prove to be accurate. The agency released its June field crop survey results on Wednesday (June 28), and it underlined a shift away from pulses and smaller acreage crops toward growing more canola, wheat, soybeans, and corn…. Read More
Richardson International has announced plans to upgrade eight elevators located on Canadian Pacific Kansas City rail lines in Western Canada. The work will allow these sites to load longer trains under CPKC’s 8,500-foot high efficiency product (HEP) model. The company says construction is set to begin at Richardson Pioneer locations in Alberta, Saskatchewan, and Manitoba… Read More
By Karen Proud In the fall of 2022 the world’s population cracked 8 billion and we are projected to hit 8.5 billion by 2030, a year that coincides with many ambitious climate objectives. One of those objectives is a voluntary target of reducing GHG emissions from the application of nitrogen fertilizer by 30 per cent… Read More
For many, branding season is quickly coming to a close. Calves are moving out to grass where possible, and the summer season is underway, says Anne Wasko of the Gateway Livestock Exchange. On this week’s episode of the Beef Market Update, host Shaun Haney and Wasko discuss a few key topics including western Canadian cattle… Read More
A well-written contract should spell out the risk and responsibilities of both parties involved. In agriculture, grain contracts spell out expectations, but the Agricultural Producers Association of Saskatchewan says current contracts don’t go far enough to manage farmers’ risk. Following an estimated $60 million in farmer losses due to cancelled contracts with one grain buyer… Read More
EPA announced a final rule Wednesday to establish renewable volume obligations (RVO) and associated percentage standards for cellulosic biofuel, biomass-based diesel (BBD), advanced biofuel, and total renewable fuel for 2023–2025. The industry had been waiting for this final rule after a disappointing proposed rule months ago. Stakeholders’ reaction to the final rule was consistently negative,… Read More
Corn and soybean markets are all about supply right now, while wheat markets are waiting on demand news to find some strength. The persistent dry bias for huge areas of the U.S. and Western Canada are definitely impacting grain markets. That’s according to Darin Newsom, senior market analyst at Barchart. The current weather market has… Read More
The results of the Canadian Farmer Sentiment Index for May 2023 have revealed a concerning trend of negative sentiment among farmers. From financial performance to government support to crop marketing, there has been a noticeable slide towards pessimism. While the decline in market prices explains much of this sentiment, there are underlying factors that should… Read More
The official announcement this week of a deal to merge Bunge and Viterra raises a series of questions about how farmers, customers, and both companies’ operations will be affected by the marriage of the two global agribusinesses under the Bunge name. When it comes to the Canadian market, farmers and politicians are voicing concerns about… Read More