Paris | Reuters — The plant-based protein market has seen a slowdown in new product launches and lower sales in restaurants and cafeterias due to COVID-19 but benefited from more people cooking at home and trying new products, French manufacturer Roquette said. The market for plant-based protein such as meat-free burgers has surged in the […] Read more
Plant-based protein maker Roquette sees short-term COVID-19 impact
Demand could accelerate second Canadian plant
CBOT weekly outlook: USDA report bullish for corn, soy
MarketsFarm — Wednesday’s report from the U.S. Department of Agriculture (USDA) was a bullish influence for commodities on the Chicago Board of Trade (CBOT). USDA’s quarterly stocks report showed corn and soybean stocks were significantly lower than expected, totalling 1.995 billion bushels and 523 million bushels respectively. Corn stocks came in about 250 million bushels […] Read more
USDA data show tighter U.S. grain, oilseed stocks
MarketsFarm — Quarterly stocks data from the U.S. Department of Agriculture showed tighter-than-expected supplies of soybeans, corn, and wheat in the country. Soybean stocks, as of Sept. 1, 2020, were pegged at 523 million bushels, which was down by 42 per cent from the previous year and below average trade estimates. Corn stocks were below […] Read more
U.S. grains: Corn, soy, wheat futures surge on lower-than-expected stocks
Chicago | Reuters — Chicago Board of Trade grain and soybean futures soared on Wednesday after the U.S. Department of Agriculture surprised traders by reporting crop inventories that were smaller than expected. Supply levels have declined after China, the world’s top soybean importer, stepped up its purchases of U.S. farm goods this summer. Corn supplies […] Read more
Trump issues permit for Alaska-to-Alberta railway
Washington | Reuters — U.S. President Donald Trump has issued a presidential permit for a private-sector proposal to build a railway from northeastern Alberta’s oil sands to ports in Alaska, a project that still faces numerous hurdles. Trump said over the weekend on Twitter he would issue the permit, which he signed on Monday but […] Read more
U.S. livestock: Cattle up on beef demand, cash market optimism
Chicago hogs down on profit-taking
Chicago | Reuters — U.S. live cattle futures rose on Tuesday, with the December contract reaching its highest in a month on signs of strong demand for beef and expectations of firm cash cattle trade this week, analysts said. Also, commodity funds appeared to be adjusting positions ahead of the end of the month and […] Read more
U.S. grains: Corn, soy ease as harvest advances
USDA quarterly stocks data awaited
Chicago | Reuters — U.S. corn and soybean futures closed lower on Tuesday on expectations of rapid harvest progress this week and a slowdown in demand from China, a big buyer of U.S. soybeans and corn, in recent weeks, analysts said. Wheat futures also fell but declines in all three commodities were muted as traders […] Read more
Pulse weekly outlook: Peas, lentils see some strength
Lentil trade watching India
MarketsFarm — Canadian pea and lentil markets have shown some post-harvest strength in recent weeks, with good offshore demand providing support. “On the yellow pea side, it’s China, and on lentils, it’s basically India,” Marcos Mosnaim, of Globeways Canada, said of the strength in both markets. Yellow peas are currently trading as high as $7.50 […] Read more
Klassen: Stronger barley prices weigh on feeder market
Compared to last week, western Canadian yearling prices were steady to $2 lower; calves weighing 500 to 650 lbs. traded $2-$4 lower while lighter weights under 500 lbs. were steady to $5 higher. There is a distinct price structure for each weight category, depending on the time frame for the finished animal. The overall feeder […] Read more
Olymel to ramp up processing at Quebec poultry plant
St-Damase expansion work to take about a year
Olymel plans to bring more of its poultry further-processing in-house with a $31.5 million expansion at one of its major slaughter and cutting plants in Quebec’s Monteregie. The meat packing arm of Quebec’s Sollio Co-operative Group announced Monday it had started work that day on a 35,200-square foot plant expansion at St-Damase, about 50 km […] Read more
Canadian Cattlemen Presents: Depth of Field
