MarketsFarm — Canadian farmers are in the early stages of planting the country’s next chickpea crop, with market conditions firm for the time being, ahead of new-crop harvests in other countries. “The market is firm, it’s not going up or down,” said Jake Hansen of Mid-West Grain at Moose Jaw, Sask., noting there was not […] Read more
Firm Canadian chickpea market watching world production
Trade keeps eye on crops in Turkey, Russia, India
Pulse weekly outlook: Canadian exports solid
Bangladesh, Pakistan now buying Canadian peas
MarketsFarm — Canadian pulse exports are running well ahead of their year-ago level, with some demand rationing likely over the next few months as supplies tighten ahead of the new-crop harvest. Canada has exported 1.56 million tonnes of lentils during the crop year to date, with Turkey the top destination at 421,000 tonnes followed by […] Read more
Nutrien cuts earnings forecast after quarterly profit misses estimates
High fertilizer prices seen dragging on demand
Reuters — Nutrien Ltd. on Wednesday cut its forecast for 2023 earnings as elevated fertilizer prices owed to Western sanctions on Russia and Belarus weigh on demand. U.S.-listed shares of the company fell 3.9 per cent in extended trading Wednesday as it also reported a lower-than-expected quarterly profit. Though fertilizer prices have dipped from record […] Read more
Canada will not be intimidated by China retaliation, Trudeau says
China seen as 'more sensitive about food security' now, CAPI says
Ottawa | Reuters — Prime Minister Justin Trudeau on Tuesday said Canada will not be intimidated by China following tit-for-tat diplomatic expulsions by Ottawa and Beijing. Ottawa expelled Chinese diplomat Zhao Wei on Monday over allegations related to foreign interference, and hours later, China asked a Canadian diplomat in Shanghai to leave by Saturday in […] Read more
Fairs, exhibitions concerned over new traceability proposals
Event volunteers may lack skills needed, association says
The Canadian Association of Fairs and Exhibitions (CAFE) says proposed federal regulations regarding livestock traceability are putting animal events across the country at risk. Their concerns centre around new directives centred around moving and tagging which they say would affect Canada’s 5,000 fairs, rodeos and other events. The Canadian Food Inspection Agency has proposed that […] Read more
Beekeepers call to reopen cross-border package bee trade
Ten years after the last risk assessment, some say it’s time to re-evaluate
Canadian beekeepers are calling for the federal government to reopen the border to the importation of U.S. package honeybees. Witnesses at a meeting of the House of Commons standing committee on agriculture and agri-food last Wednesday presented recommendations for what the government could do to resolve issues of honeybee health decline and bee mortality. The […] Read more
Buy or rent? Land rent-to-price ratio can help farmers decide
FCC sees current ratios on farmland as (roughly) stable
Higher interest rates don’t seem to be affecting the ratio between land values and land rental costs — at least, not yet. Farm Credit Canada’s latest analysis of farmland rental prices says they’re roughly maintaining their traditional linkage, says J.P Gervais, the organization’s chief economist. “We were curious to see whether that would bring up […] Read more
U.S. grains: Chicago wheat closes down as global supplies look strong
Market monitoring Plains rain relief, Black Sea grain talks
Mexico City | Reuters — Chicago grains and soybean futures closed lower to mixed on Wednesday, as traders eyed sluggish demand and upcoming U.S. export sales data. Wheat fell on news of ample short-term global supplies, despite the risk that an agreement allowing exports from war-torn Ukraine may end next month. Canadian farmers intend to […] Read more
Global wine trade hits record-high value but volumes fall
Canada 27th in production, sixth in imports
Paris | Reuters — The global wine trade reached record-high value last year, supported by a sharp rise in prices, but the amount of wine sold fell due to weaker demand and logistical problems, an industry body said. The International Organisation for Vine and Wine (OIV) said on Thursday that global wine exports in 2022 […] Read more
Australia reaches deal with China in barley dispute
Trade shift may be 'bad news' for Canada and other exporters
Sydney/Beijing | Reuters — Australia has reached an agreement with China to resolve their dispute over barley imports, the two countries said on Tuesday, a latest sign of improving ties between the major commodity trade partners. Relations between the two had been strained for years, and worsened after Australia called for an inquiry into the […] Read more
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