Viterra has announced plans to build a new grain terminal near the company’s canola crush plant at Ste. Agathe, Manitoba. The company says it will have storage capacity of around 30 thousand metric tonnes with loading facilities for trains of up to 124 cars. The site also has access to service from both CN Rail... Read More
Category: Markets
If ever you've heard anyone say that new agriculture and food traits aren't regulated or tested, you'll want them to watch the following interview. A key aspect of this year's Momentum Tour, put on by Monsanto Canada, was the roll-out of two new crop traits — TruFlex canola and Xtend soybeans. Sharp-eyed readers will note... Read More
Jamaica recently approved all imports of beef from Canada, according to a Government of Canada press release. Effective immediately, Canadian producers can export beef to Jamaica, with full access now restored after the closure of this market in 2003 due to BSE. Canada Beef Inc. estimates that the Jamaican market for Canadian beef is annually... Read More
Grain markets this week tracked along with the annual ProFarmer US Crop tour which hit Ohio, Indiana, Illinois, Iowa, Nebraska, South Dakota and Minnesota. The results were mostly what everyone was expecting: there's a big crop is out there and the market knows it. Digging into the crop tour’s numbers, estimated corn and soybean pod... Read More
Statistics Canada's July, 2014 report of principal field crops echos what many farmers and analysts have already concluded — 2014 most certainly won't be a repeat of 2013. Of note, farmers are set to harvest the most acres of soybeans ever planted in the country — a million more than 2013. Manitoba farmers may harvest... Read More
With thirty seven employees and six offices (including one each in Japan, Taiwan, Mexico and Shanghai), Canada Beef Inc. is an independent, national organization that works to promote and market Canadian beef and cattle globally. The organization is funded by cattle producers and the national check off, a $1/head levy on cattle sales that also... Read More
What a first seven months of the year for the cattle markets. Did anyone see the market having so much fuel to the upside like it did? But what about the second half of 2014. Get caught up on any of the Beef Market Updates you may have missed Shaun Haney and Anne Wasko discuss... Read More
Grain and oilseed prices through the middle of August continue to be depressed by anticipation of a bigger harvest. Specifically, on Tuesday, August 12th we got this month’s version of the USDA's WASDE report which came in somewhat bullish corn, despite production still being pegged at over 14 billion bushels. Corn prices were supported by... Read More
Grains started the month of August with a little oomph as the tension between Russian and the rest of the Western world continues to build. Moscow is building up its military resources on the eastern Ukrainian border, signed a five-year oil deal with Iran, announced a one-year ban on the import of various agricultural products... Read More
There's certainly a lot going on in the world economy, with ongoing discussions around the Comprehensive Economic Trade Agreement (CETA), mandatory Country of Origin Labelling (mCOOL), and Russia's response to recently imposed sanctions. But what does the future look like for global growth, in general? For next year, it looks good. At least according to... Read More