MarketsFarm — Ocean freight rates have come under pressure over the past month as demand for freight backs away, which could be seen as a sign of the slowing global economy. The Baltic Dry Index (BDI), which is a major indicator of shipping rates, settled at 2,081 points on Monday, up 14 points from Friday’s […] Read more
Baltic Dry Index at three-month lows
Demand for ocean freight seen backing off
Squeezed and struggling: Research groups desperate for funding
Farmer-led groups say producers rely on their work but they’re hamstrung by inadequate, short-term funding
Reading Time: 6 minutes Alberta farmers need local, practical research but applied research associations say they’ve been hamstrung by a lack of provincial funding — and some may have to pack it in if that doesn’t change soon. “A lot of the groups are kind of squeezed to the point where, if we don’t get something secured right now, […] Read more
A big swing in Alberta’s crop outlook
Reading Time: < 1 minute The end-of-June crop report was easily the most uplifting one in a year, both on the crop development front and on soil moisture levels. “This week, 75 per cent of all crops in the province are rated in good or excellent condition, only marginally behind both the five-year and 10-year averages,” says the June 27 […] Read more
Pulse sector fears another ‘container crunch’ come fall
Prices have fallen a bit but they’re still sky high and a container shortage persists
Reading Time: 4 minutes The supply of shipping containers is a little less tight — but the problem isn’t fixed and could flare up again this fall, says an official with Pulse Canada. Rates peaked last autumn, then started rising again in the new year before finally beginning a steady downward trend in February, according to the World Container […] Read more
Pulse weekly outlook: Acre intentions down for most pulses
MarketsFarm — Statistics Canada’s principal field crop areas report, released Tuesday, shows declines in most pulse crops compared to last year. Only lentils saw an increase, rising slightly by 0.4 per cent from 2021-22 to now 4.32 million. Meanwhile, dry peas fell 11.8 per cent at 3.37 million aces, with edible beans down 32.1 per […] Read more
StatCan raises Canada’s canola plantings from earlier estimate
Farmers seen returning to 'steady Eddie' wheat
MarketsFarm –– Canadian canola plantings are projected to come in above earlier expectations but would still be well below what was seeded to the crop in 2021, according to updated acreage estimates from Statistics Canada released Tuesday. Meanwhile, wheat area in the country is forecast at its highest level in nearly a decade. After a […] Read more
CN signals staff to return to work Wednesday
IBEW, railway to go to binding arbitration
Signals and communications workers at Canadian National Railway (CN) are set to end their 17-day strike and return to work Wednesday morning. CN, in a statement Monday, said the International Brotherhood of Electrical Workers (IBEW) System Council 11, which represents about 750 of the company’s employees across the country, had agreed to take its labour […] Read more
Pulse weekly outlook: SaskPulse head hoping for “normal” in 2022
MarketsFarm – Following variable conditions over the first few weeks of the growing season, there has now been a marked improvement over the last, according to Carl Potts, executive director of Saskatchewan Pulse Growers (SaskPulse). Potts said while western parts of the province had little precipitation and eastern parts saw seeding delayed due to above-normal […] Read more
Webinar aims to get to the bottom of grain contracts
Reading Time: < 1 minute If you’re looking for information on grain contracts or have questions for legal experts on contract law, mark July 5 in your calendar. The Canadian Canola Growers Association is hosting a webinar on that date featuring experts from Winnipeg law firm D’Arcy and Deacon LLP. “During this practical session, the legal experts will discuss the […] Read more
Alberta crops improve with rain
MarketsFarm – Drought conditions that devastated crops in Alberta last year and were poised to do the same this year are becoming something in the past, according to the province’s latest crop report. Recent rainfall has been wiping out any notion of drought in 2022 as soil moisture conditions continued to improve across the province. […] Read more
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