MarketsFarm — Major U.S. agribusiness ADM released a report Tuesday identifying the seven biggest trends in the alternative protein market, ranging from creating new protein sources from fungi to making plant-based meat substitutes more affordable and palatable to the general public. The seven trends in the report were: introduction of novel protein sources, using microbial […] Read more
ADM releases alternative protein outlook for 2022
Canada, U.S. fear economic damage from border crossing protest
Headway in one area, another protest elsewhere, minister says
Windsor/Ottawa/Washington | Reuters — Truckers blocking U.S-Canada border crossings risk hurting the auto industry and agriculture, the White House said on Wednesday as Ottawa urged an end to the 13-day demonstration against coronavirus mandates. After nearly two years of pandemic measures in many countries, opposition has sprung up in different ways with copycat protests in […] Read more
U.S. grains: Corn, soy futures set eight-month highs
USDA lowers South America corn, soy crop estimates
Chicago | Reuters — Chicago Board of Trade (CBOT) soybean and corn futures set eight-month highs on Wednesday on concerns about the risk for more unfavorable crop weather in drought-stressed growing areas of South America, traders said. The U.S. Department of Agriculture, in a monthly crop report, pegged Brazil’s soy crop at 134 million tonnes, […] Read more
P.E.I. potato exports cleared for Puerto Rico
U.S. territory has no commercial potato production
A U.S. territory with an appetite for Canadian potatoes and no commercial potato production to speak of will be able to resume imports of table stock potatoes from Prince Edward Island starting Wednesday. The resumption of exports to Puerto Rico, announced Tuesday, is a spot of good news for the province’s potato sector. Export certificates […] Read more
StatsCan confirms tight grain and oilseed stocks
Canadian corn stocks up on year
MarketsFarm — Canada’s tight supplies of canola, wheat and other crops following the 2021 Prairie drought received more confirmation from Statistics Canada with the release of updated stocks data on Tuesday. Canola stocks, as of Dec. 31, 2021, of 7.6 million tonnes were down 43 per cent from the previous year and the tightest since […] Read more
Drought conditions ease slightly across Prairies
MarketsFarm — Mixed precipitation throughout January helped drought conditions improve across much of the Canadian Prairies during the month, according to the latest Drought Monitor report from Agriculture and Agri-Food Canada (AAFC), released Tuesday. Conditions have deteriorated in some areas, however, and the majority of Western Canada was still in some kind of drought state. […] Read more
Pulse weekly outlook: Pulse stocks drop due to drought
MarketsFarm — Statistics Canada’s latest report on stocks of principal field crops clearly demonstrated how much of an effect last summer’s historic drought in Western Canada had on pulse crops. According to the report released Tuesday, last December’s total domestic stocks for dry peas, chickpeas, lentils and soybeans all declined from the year earlier. Those […] Read more
U.S. grains: Soybeans dip ahead of USDA report
Wheat underpinned by U.S. dryness
Chicago | Reuters — Chicago soybean prices fell on Tuesday, a day after hitting an eight-month high, ahead of the U.S. Agriculture Department’s monthly global supply and demand assessment that is expected to downgrade South American crop production. Corn also eased, while wheat firmed, underpinned by ongoing dryness across the U.S. southern Plains. The Chicago […] Read more
U.S. livestock: CME hogs up as processors seek market-ready supply
Weaker corn futures support feeder cattle
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Tuesday, supported by cash prices as packers attempted to pull market-ready hogs forward to slaughter, analysts said. “Packers are clearly chasing hogs. The supply of butcher hogs is not enough to meet demand,” said Dennis Smith, commodity broker at Archer Financial. CME April […] Read more
Pandemic border protests strand cattle and car parts
Ottawa | Reuters — Protests in Canada against vaccine mandates have disrupted two key U.S. border crossings, and are snarling hundreds of millions of dollars daily of trade, ranging from cattle to car parts. Demonstrations who at first demanded an end to federal COVID-19 vaccine mandates for cross-border truck drivers began Jan. 28 in the […] Read more
Canadian Cattlemen Presents: Depth of Field
