Glacier FarmMedia – Farm revenues have been good in 2023 despite falling crop prices, according to Statistics Canada. Farm cash receipts for Canadian farmers totalled $72.5 million over the first three quarters of the year, up 7.9 per cent from the same period in 2022. Why it matters: Farm cash receipts are used to estimate […] Read more
Canadian farm cash receipts rise in 2022, but so do inputs
Total farm operating expenses see largest increase in more than 40 years
Crops want in on tax credit
Soybean, canola growers ask to be included in U.S. aviation fuel program
Glacier FarmMedia – Canola and soybean growers are lobbying to have their crops recognized as eligible feedstocks for the new sustainable aviation fuel (SAF) tax credit in the United States. The credit is contained in the Inflation Reduction Act signed into law by U.S. President Joe Biden last year. Why it matters: Oilseed producers are […] Read more
Study predicts market growth in plant-based meat
Pulse sector calls recent downturn in sales a “blip” and remains optimistic about the future
Glacier FarmMedia – The future for plant-based protein is bright despite recent setbacks, according to a new Ernst & Young study. Demand for the product is expected to be strong in the wake of a global pandemic that led to an economic slowdown in 2022. Ernst & Young is forecasting US$139.4 billion in global plant-based meat […] Read more
At Ag in Motion: World may face wheat shortage this year
An analyst says millers should be getting antsy
Wheat is finally becoming a “sexy” crop after years of being the ugly duckling, an analyst says. Stephen Nicholson, global grains and oilseeds strategist for Rabobank, said a series of supply-side threats is making things exciting. Canada’s crops are withering in the fields. MarketsFarm is forecasting 30.4 million tonnes of all-wheat production, well below the […] Read more
At Ag in Motion: Significant Prairie yield drop expected
'A lot of damage done' by drought, Bruce Burnett says
MarketsFarm has released its first yield estimates for Western Canada’s crops and the outlook is grim. Analyst Bruce Burnett just recently completed a crop tour covering most of Saskatchewan. “Unfortunately, I don’t have a lot of good news on the crop front,” he told growers attending the Ag in Motion show in Langham, Sask. “There […] Read more
Fertilizer market stabilizing, say analysts and suppliers
After sky-high prices last year, uncertain markets contribute to lower costs for major inputs
Glacier FarmMedia – The rollercoaster ride may be over for fertilizer prices, says an industry executive. “After 18 months of incredible volatility, we believe the market is stabilizing,” Ken Seitz, president of Nutrien, told investors attending BMO’s Farm to Market Chemicals Conference. “Heading into the fall, we see this relative price stability for the balance […] Read more
Demand for Canadian wheat rebounds in some Asian markets
Ukraine grain exports reduced by ‘difficult logistics’
Canadian wheat is making inroads in a variety of Asian markets as Ukraine’s presence abates, according to a Ukrainian brokerage firm. Ukraine exported 8.4 million tonnes of the cereal crop through the first half of 2022-23 versus 15.9 million tonnes for the same period one year ago, according to an analysis by Christina Serebryakova, head […] Read more
China makes effort to reduce soybean imports
Imports expected to fall to 87 million tonnes in 2025 from 94 to 95 million in 2022, profoundly affecting global trade
Glacier FarmMedia – China’s soybean imports have likely peaked, which has “profound” implications for oilseed and grain markets, according to a global food and agriculture bank. The Chinese government has launched a campaign to reduce the country’s reliance on imported soybeans. Soybean meal inclusion rates in feed rations are forecast to fall to 13.5 per […] Read more
U.S. rules could make Canada’s renewable fuels uncompetitive
One project already pulled because of U.S. economic legislation
Glacier Farmmedia – Canada’s biodiesel and renewable diesel sectors will be obliterated by a new subsidy program in the United States unless the Canadian government responds in kind, say two lobby groups. The industry suffered a huge blow last year when U.S. president Joe Biden signed into law the Inflation Reduction Act of 2022 (IRA). […] Read more
Canadian grain marketing expands its options with apps
New platforms offered by Bayer CropScience and StoneX Group
Glacier FarmMedia – A couple of Fortune 500 companies are expanding their Canadian crop marketing services. StoneX Financial (Canada) Inc., a subsidiary of StoneX Group Inc., has launched its Farm Advantage mobile app, which provides growers with market data and intelligence. Why it matters: The apps aim to provide farmers with market information in a […] Read more
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