The Canadian beef industry is welcoming a federal proposal to ease 20-year-old restrictions implemented to combat BSE, a move sector leaders say will save millions of dollars annually and fix a long-standing competitive disadvantage with the United States. Heath MacDonald, Minister of Agriculture and Agri-Food, announced Monday that the Canadian Food Inspection Agency (CFIA) has... Read More
Category: Markets
What does the FIFA World Cup tell us about geopolitics? Find out in this episode of the Frontlines podcast! For this episode, host Shaun Haney and geopolitical analyst Jacob Shapiro use the global football tournament as a springboard to discuss nationalism, international institutions, and the role sport plays in bringing people together, while acknowledging that... Read More
July has arrived with a shift toward more typical seasonal market patterns, but the underlying fundamentals supporting the North American cattle market remain firmly in place. On this week's Beef Market Update, Anne Wasko of Gateway Livestock Exchange and Shaun Haney discuss softer U.S. cash trade, record Alberta fed cattle prices, improving forage conditions across... Read More
This week's USDA acreage report offered few surprises for corn and soybeans, but wheat provided the biggest bullish takeaway, according to Jim McCormick, chief operating officer with AgMarket.net. Speaking with RealAg Radio host Shaun Haney following Monday's report, McCormick said U.S. corn acreage remained unchanged from the March estimate at 95.3 million acres. While some... Read More
The tariff tit-for-tat between Canada and China has a new development on the agriculture front, as China's Ministry of Commerce announced Tuesday, June 30, that it will impose provisional anti-dumping measures on Canadian pea starch. Under the new measures, importers of Canadian pea starch must provide a 73.5 per cent security deposit to Chinese customs... Read More
Canadian farmers have pushed canola acreage to an all-time high while pulling back on wheat, according to Statistics Canada's seeded acreage report released June 30. While there are big questions about crop yield potential due to wet weather, the agency pegged canola area at a record 23.4 million acres, surpassing the previous record of 23.0... Read More
Input prices have been a major concern for farmers and ranchers since the beginning of the pandemic, but have taken centre stage with the closure of the Strait of Hormuz due to the Iran war. In the near term, diesel prices in North America have backed off from the highs, but are much above the... Read More
The agreement that U.S. President Donald Trump and his team have been negotiating with Iran is not only centred around an end to the war and the re-opening of the Strait of Hormuz, but also a potential win for U.S. agricultural exports of corn, wheat and soybeans. It's being framed as a humanitarian effort to... Read More
As corn and soybean crops move into a critical stage of development, grain markets appear remarkably unconcerned about production risk despite excessive moisture in parts of the U.S. Midwest. According to Chip Flory, market analyst and host of AgriTalk, the market has become conditioned to expect resilient crops, even when early-season weather creates visible stress... Read More
Cargill is set to expand its grain-handling footprint in Western Canada after entering agreements with Parrish & Heimbecker, Ltd (P&H) to acquire three grain elevators and a 50 per cent stake in a West Coast port facility. The deals involve most of the assets that P&H just acquired in its $150 million purchase of GrainsConnect,... Read More