An important step forward was taken May 27 for the Canadian beef industry, as the World Organization for Animal Health (OIE) recognized Canada as negligible risk for Bovine Spongiform encephalopathy (BSE). “The recommendation by the OIE’s Scientific Commission to grant Canada negligible risk status for BSE is a historic closing of the BSE era for… Read More
Category: Markets
The rapid expansion in canola processing capacity on the Prairies continues, with the confirmation of another crush plant to be built beside the Canada-U.S. border in southeast Saskatchewan. Ceres Global Ag is planning to build a canola processing plant and refinery beside its existing terminal and international rail crossing southeast of Estevan, at Northgate, Sask…. Read More
As beef demand has been strong, both domestically and in the export market, ranchers and feedyards are struggling to find strength in the fed cattle market. While the choice cutout reached $324.18 this week and packer profits have surged, the fed cattle price has not lifted in the same manner, leaving feedyards frustrated. While packers… Read More
The wheat market received some bearish fundamental news this week from crop scouts participating in the annual U.S. Wheat Quality Council tour in Kansas. The tour, which was cancelled last year due to COVID-19, is seen as an early season indicator of new crop U.S. wheat supplies and protein quality. The average Kansas hard winter… Read More
When it comes to summing up this past week in the beef market, Anne Wasko of the Gateway Livestock Exchange says there are two stories to look at when it comes to the cash market. In the U.S., the cash market didn’t really come up, unfortunately — it’s still sitting around that $119 mark. However,… Read More
The Governor of Michigan has eastern Canadians wondering how they became so dependent on a pipeline coming from the U.S., as Governor Gretchen Whitmer is determined to have Enbridge cap Line 5 which would starve Ontario and Quebec of 50 per cent of their energy supply. The Canadian government has taken court action this week,… Read More
The latest World Agricultural Supply and Demand Estimates (WASDE) report was released May 12 by the World Agricultural Outlook Board. Joining host Shaun Haney to break down the WASDE report in this RealAg LIVE! episode is Ted Seifried of Zaner Ag Hedge. Listen and watch to hear about ending stocks, projected acres, trade, hedging, and… Read More
ADM has announced plans to build North Dakota’s first crush plant and refinery completely dedicated to soybeans. The US$350 million facility will be located west of Fargo, at Spiritwood — approximately 290 km (175 miles) from the Canada-U.S. border. It is slated to process 150 thousand bushels of soybeans per day starting in time for… Read More
A combination of major losses on foreign exchange hedging in the initial days of the COVID-19 pandemic and an unsuccessful plan to sell assets to draw down debt contributed to Alberta-based pulse and grain crop exporter W.A. Grain & Pulse Solutions entering receivership in late April, according to a court document filed by the company’s… Read More
Statistics Canada released its March 31 stocks report on Friday, and all eyes were on canola as prices continue to rise with tight supplies. Canola stocks for 2021 were significantly tighter than at the same time in 2020, which was not a surprise at all. The 37.7 per cent drop saw the stock tonnage go… Read More