MarketsFarm — Canadian producers will see much tighter grain and oilseed stocks at the end of the current 2021-22 marketing year than what was expected last month, while those for pulse and special crops remain mostly steady. Agriculture and Agri-Food Canada’s (AAFC) September supply/demand estimates, released Friday, project 2021-22 ending stocks for all principal field […] Read more
AAFC lowers ending stocks estimates on crops
Roquette warns of price rise in plant-based food market
Prairie drought could cut pea yields 45 per cent
Paris | Reuters — A global surge in pea prices linked to low supplies and growing demand for plant protein will inevitably need to be passed on to customers, including makers of alternative food such as meat-free burgers, French producer Roquette said on Monday. The market for alternative protein has soared in recent years, attracting […] Read more
Buyers found for five Prairie pulse plants
Approvals sought for W.A. Grain asset sales
Three separate buyers are poised to take up the Prairie assets of ill-fated W.A. Grain and Pulse Solutions, pending an Alberta judge’s approval. An application went Thursday for approval before Justice Corina Dario of Alberta Court of Queen’s Bench in Calgary, from BDO Canada, the receiver for the Alberta-based grain and pulse handler and processor. […] Read more
Pulse weekly outlook: Market remains very quiet
MarketsFarm — Things remain very quiet in the pulse market with little demand from buyers and producers unwilling to sell, according to Marcos Mosnaim of Mercais Commodities in Toronto. “We are in a situation where we have to wait and see. The market is super quiet right now. At these prices, interest from buyers to […] Read more
Don’t forget to harvest sample
Reading Time: < 1 minute Even though grain is in high demand, producers should still be taking samples of each load so they have a representative sample for each bin, says provincial crop market analyst Neil Blue. “The goal is to have a sample that has the same characteristics as the large volume of product it represents,” said Blue. “Producers […] Read more
Baltic Dry Index hits 12-year high
Canadian grain exports slow either way
MarketsFarm — Strong demand to move cargo coupled with weather-related shipping constraints in a number of key corridors has helped take ocean freight rates to their highest levels in more than a decade. The Baltic Dry Index (BDI), a major indicator of shipping rates, settled Friday at 4,275 points, marking its highest level since November […] Read more
CP, Kansas City lock in new deal as CN steps out
More efficient flow of grain, perishables, machinery parts touted
Canadian Pacific Railway and U.S. railway Kansas City Southern on Wednesday again formalized their engagement after competing suitor Canadian National Railway walked away from the table. CP and KCS, which reported “unanimous” support from both companies’ boards, have entered a merger agreement committing CP to pay about $31 billion in cash and stock, or about […] Read more
B.C. startup company says it’s found a better way to deliver fertilizer
Product uses cellulose to bind micronutrients and keep them from leaching away
Reading Time: 4 minutes A Vancouver startup says it has created a “sustainable smart fertilizer” with a product made out of the hulls of lentils and peas. Lucent BioSciences says its product, called Soileos, drives an “on-demand” delivery of nutrients to plants while reducing farmers’ carbon footprint. And because it is made with cellulose, it is not water soluble […] Read more
Pulse weekly outlook: Small Canadian crops lead to marketing shift
MarketsFarm — Canadian pulse markets could see a ‘radical shift’ in the current crop year as drought conditions led to sharp reductions in pea and lentil production. Statistics Canada’s September principal field crop estimates, released Tuesday, and the previous report on Aug. 30 were determined by yield models using satellite imagery. MarketsFarm Pro analyst Mike […] Read more
Backhaul gets the heave-ho in red-hot shipping container market
Container shipping in a mess, not expected to restore itself at least until 2022
Reading Time: 4 minutes The shipping container mess created by the pandemic will likely last until at least 2022, says the vice-president of a West Coast container transloading company. “Steamship lines across the globe are all playing catch-up with the import movements from across Asia and North America,” said Jordan Atkins, vice-president of WTC Group in New Westminster, B.C. […] Read more
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