MarketsFarm — Statistics Canada is due to publish its first production estimates for Canada’s 2020 growing season on Monday (Aug. 31). Late-season hot temperatures and a lack of rain may cause Canada’s canola production to be lower than originally expected, according to some market participants. Earlier in the growing season, Winnipeg-based FarmLink Agriculture Solutions published […] Read more
Canola crop expectations vary ahead of StatsCan report
Durum and lentils bright spots as demand picks up
International buyers have been looking to Canada for both supply and high quality
Reading Time: 3 minutes A lot of things have been bad in 2020, but there have been a few good things. Durum and pulses prices fall in the good column. Poor prices in 2018 led to a drop in durum acreage last year, said Geoff Backman, manager of business development and markets for Alberta Wheat and Alberta Barley. Italy’s […] Read more
Feds to probe complaints of wheat gluten dumping
New duties on six countries' gluten imports might follow
Federal officials are launching a probe into whether wheat gluten from six countries is being dumped in Canada at prices undercutting the domestic product. The Canada Border Services Agency (CBSA) said Friday it’s launching an investigation to determine whether “certain wheat gluten” from Australia, Austria, Belgium, France, Germany and Lithuania is being sold at “unfair […] Read more
McDonald’s resuming all-Canadian beef supply
'Supply adjustment' ends next month, company says
Updated, Aug. 18 — McDonald’s Canada’s pandemic-related “supply adjustment,” in which the burger chain cut its Canadian beef purchases to below 100 per cent, is set to end next month. The Canadian arm of the U.S. fast food giant announced Thursday it will resume its pre-pandemic policy of sourcing 100 per cent Canadian beef, starting […] Read more
Cannabis industry readies for M+A after COVID-19 boosts weed demand
Companies betting on U.S. market growth after election
Reuters — After nearly a year of next-to-no dealmaking, cannabis companies are gearing up for mergers and acquisitions (M+A) as realistic stock valuations and the prospect of U.S. legalization attract buyers to a sector that has been decimated by oversupply and other issues, executives and investors say. Profitable cannabis companies want to buy their way […] Read more
North American ammonium nitrate laws best in world, Nutrien CEO says
Winnipeg | Reuters — North America’s regulations for handling ammonium nitrate, a potentially explosive product used in fertilizer and in the mining industry, are the strictest in the world, the CEO of Canadian fertilizer producer Nutrien said Tuesday. An ammonium nitrate stockpile exploded last week in Beirut killing at least 171 people, injuring 6,000 and […] Read more
U.S. grains: Soybeans up with exports, corn up slightly on dry weather
Big expected Russian, Canadian crops weaken wheat
Chicago | Reuters — Chicago soybean futures rose on Monday as a spate of new-crop soybean export sales eased concerns about forecasts of huge harvests across the U.S. Midwest. Corn futures were buoyed by dryness in top corn-producing states, as weekend rainfall missed drought-stricken parts of western Iowa. Meanwhile, wheat futures slipped on estimates for […] Read more
Canadian canola prices spike as shippers find back door to China
'Profits are extravagant... It is like gold oil now'
Winnipeg/Beijing | Reuters — Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find roundabout ways to reach top oilseed buyer China. Chinese authorities have since March 2019 blocked canola shipments by two Canadian exporters, an action they took after Canadian police […] Read more
U.S. grains: Bearish supply outlooks spark selling in corn, soy, wheat
Wheat outlooks in Canada, Russia, Australia bearish
Chicago | Reuters — U.S. soybean futures fell for the fourth day in a row to their lowest since June 30 as expectations kept building that growing supplies will outstrip demand even as top buyer China steps up its purchases, traders said. A bearish supply outlook also pressured wheat futures, which dropped to a one-month […] Read more
Plant-based near-chicken on KFC’s Canadian menu to stay
Maple Leaf's Lightlife arm to make 'Plant-Based KFC' sandwich
Updated, Aug. 18: Consumers’ response to a single-day test of plant-based near-chicken menu items in Mississauga last year has led KFC Canada to add the product, full time, to its menu nationwide. The Canadian arm of the Yum Brands-owned chicken chain announced Wednesday its ‘Plant-Based KFC’ sandwiches will be available permanently at its stores across […] Read more
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