ETG Commodities is expanding into Manitoba's edible bean market with the acquisition of Globeways Canada's bean processing facility in Plum Coulee. The deal, announced March 15, comes after Globeways Canada, and its subsidiaries Canpulse Food Ltd. at Kindersley, Saskatchewan and Global Grain Canada Ltd. at Plum Coulee, entered into receivership in November 2020. "The Plum... Read More
Category: Markets
The Canola Council of Canada (CCC) recently announced a revitalized market access strategy to help prevent and resolve challenges in the future. More stable and open trade is the goal, and the organization plans to get there by focusing on how market access challenges are evolving at each stage of the value chain. The last... Read More
The U.S. government is moving ahead with countervailing tariffs on phosphate fertilizer from Morocco and Russia following a U.S. International Trade Commission ruling on March 11 which sided with American fertilizer producer Mosaic. The ITC decision clears the path for the U.S. Department of Commerce to begin levying duties of 19.97% on imports from Moroccan... Read More
The Port of Churchill and the rail line running to it has moved to 100 per cent local community and Indigenous ownership. AGT Food and Ingredients and Fairfax Financial have "transitioned" their 50 per cent stake in the Arctic Gateway Group to OneNorth, a consortium of community and Indigenous partners, according to a news release... Read More
If there was one piece of information you would have wanted in January of 2020, it might have been about COVID-19 transmission. But as of January 2021, the nugget of info that may mean the most for markets this year is if Chinese buying keeps pace or exceeds last year. There's more at play in... Read More
There's plenty of optimism for the COVID-19 vaccine rollout to assist in a global economic recovery, but what happens after mass vaccination? What's at play to help the global economy recover? Jan Lambregts, head of RaboResearch, global economics and markets at Rabobank, recently joined Shaun Haney to talk all things global finance. Lambregts recently presented... Read More
It's time for another Beef Market Update, and since StatsCan recently released the January 1 numbers, we're going to focus on inventory today. Anne Wasko of the Gateway Livestock Exchange says that there wasn't really anything of surprise in the numbers, as the pattern of a contracting beef cow herd in Canada continues. "We did... Read More
After closing for 14 days due to a COVID-19 outbreak among employees, Olymel is resuming operations at its pork processing plant in Red Deer, Alberta starting on Thursday, March 4. With support from Alberta Health Services, the company says slaughter operations will resume on Thursday, with cutting room operations beginning on Friday. The company says... Read More
If you're looking at the price of fertilizer and growing conditions and wondering if it's the year to either pull rates back or put the hammer down, this episode of The Agronomists is for you. Host Lyndsey Smith is joined by John Heard, soil fertility specialist with Manitoba Agriculture and Resource Development, and Steph Berlett,... Read More
It's not far off to say that many producers are trying to decipher what is going on in the commodity markets right now. If you've been following some of the media reports, you've most likely seen headlines that involve the words "commodity super-cycle." We see it, but do we know exactly what a commodity super-cycle... Read More