Canadian wheat sales into the U.S. have grown since the end of the Canadian Wheat Board monopoly in 2012, but there are still obstacles for American wheat growers interested in marketing their crop north of the border. Under the Canada Grains Act, as it stands right now, U.S. wheat delivered to Canadian elevators automatically receives... Read More
Category: Markets
The number of flax acres in Western Canada will likely be up this year, but it’s looking like it might not be as high as many analysts and people in the flax industry were expecting. According to Statistics Canada’s planting intentions report released last month, farmers in Western Canada are planting 1.63 million acres of... Read More
Grain markets pulled back from their hot start to the week with only canola finishing in the green, its July contract climbing to close the week at $463.20/metric tonne, thanks to a stronger U.S. dollar. Wheat and corn prices did have a hot start to the week because of concerns of sub-zero temperatures and a... Read More
It’s been a big week for the beef industry, with news that the World Trade Organization has ruled against Country of Origin Labeling for a fourth and final time and the subsequent — almost immediate — introduction and approval of a bill to repeal it by the U.S. House Agriculture Committee. But, what does all... Read More
Update on May 20th: The U.S. House Agriculture Committee, as expected, approved Chair Michael Conoway’s bill to repeal COOL on Wednesday morning by a vote of 38-6. It’s expected the entire House will vote on it in early June. The final ruling from the World Trade Organization against U.S. mandatory country of origin labeling and... Read More
The World Trade Organization has once again sided with Canada and Mexico, as the WTO Appellate Body published a fourth and final ruling on U.S. country of origin labeling rules today. The appeal panel decision affirmed earlier rulings saying COOL illegally discriminates against foreign livestock (read the report and findings here). “The United States has... Read More
What a week! Seeding continues in Canada and the United States well ahead of schedule, creating bearish implications. That being said, freezing temperatures are in the forecast for a few areas and so the percentage complete could be lower than what officials are predicting. The lower U.S. dollar has also provided support to all commodity... Read More
Southern Manitoba has the right combination of soybean production and soybean meal demand to support a 2,000 tonne per day soybean crushing facility, according to a new report funded by the Canada and Manitoba governments and soybean industry partners. Manitoba Pulse and Soybean Growers partnered with Soy 20/20 to organize and co-fund the study, which... Read More
Overall farm tractor sales for the month of April in both Canada and the U.S. were up slightly over last year, but combine and 4-wheel-drive tractor purchases remain well off the 2014 sales pace. According to the Association of Equipment Manufacturers' monthly report, total Canadian farm tractor sales in April 2015 were 3.5 percent higher... Read More
The grains complex ended the week on the up and up thanks to weather concerns, strong international purchasing, and the Kansas crop tour showing fields that came in below expectations. The oilseed complex was boosted by soybean oil and meal technicals, labour issues in South America, and Chinese buying. On the wheat side, Egypt bought... Read More