Glacier FarmMedia – Farm equipment sales are down for Canada and United States, with Canada showing significant reductions from last year on the largest gear. This year, four-wheel drive tractors and combines in Canada saw sales fall 22 per cent from last season at this time. American numbers were better, but followed the same trend, […] Read more
Tag Archives inflation — page 7
Machinery market remains hot, but sales cool
Machinery makers face shortages of parts, supply chain delays, rising costs for labour and transportation as COVID disrupts business
Organic groups watch for trends as food prices rise
DFO cuts organic production in anticipation of slowed market growth
Leaders of Ontario’s organic food production and processing sectors aren’t ready to declare a trend but there are indications that recent food price inflation has affected consumers’ willingness to pay premium prices for organic options. “There have been a few emails coming through from people concerned about how this is going to affect organics,” Organic […] Read more
U.S. grains: Chicago grains firm on yield uncertainty ahead of USDA report
Grains also underpinned by U.S. dollar fall after inflation data
Chicago | Reuters — Chicago wheat and soybean futures closed higher on Thursday as a weaker U.S. dollar lent support to dollar-priced commodities and traders squared up their positions ahead of a key government report. Meanwhile, corn futures firmed, supported by concerns about hot and dry weather stressing the U.S. Midwest crop through its final […] Read more
CBOT weekly outlook: Lower inflation, USDA report to impact markets
MarketsFarm — With the U.S. Department of Agriculture (USDA) already set to release its monthly supply/demand estimates on Friday, the U.S. Labor Department threw in a curveball two days prior. The Labor Department on Wednesday reported the annual rate of inflation declined to 8.5 per cent in July, 0.6 of a point lower than in […] Read more
Opinion: Populist politics can have negative impact on debt crisis
Glacier FarmMedia – Crop and other commodity markets are off their highs, but don’t expect the commodity bull market to go away soon or for its impacts to fade. Prices for food, fuel and other indispensable commodities are still high enough to tip numerous nations into financial trouble, economic hardship, hunger and political strife. A […] Read more
Cold and hungry: Food inflation bites Canada’s North
'It's really expensive to do business here'
Iqaluit | Reuters –– In Canada’s remote North, residents have long paid dearly for food, and rising prices have worsened an already dire situation, exposing the vulnerability of one of the world’s biggest exporters of grains and meat. Communities in Nunavut — the largest of the three territories that make up Canada’s northernmost region — […] Read more
Opinion: Inflation is brewing up a spending hangover
Glacier FarmMedia – Man, beer has gotten expensive. That was one of the things I thought the other evening when I met a colleague for a couple of brews on a pleasant patio. We were drinking fancy local brews rather than off-the-shelf main market brands, and those are more expensive, but still, beer ain’t as […] Read more
CBOT weekly outlook: Volatility ahead as U.S. inflation rises
MarketsFarm — Shifting weather forecasts may have led to choppy activity in U.S. grain and oilseed markets during the week ended Wednesday, but rising inflation may create even more turbulence going forward, according to an analyst. The U.S. Bureau of Labor Statistics reported on Wednesday that the annual rate of inflation rose to 9.1 per […] Read more
Ceres pulls plans for Saskatchewan canola crush plant
U.S. company suspends project citing higher-than-projected costs
U.S. ag commodities firm Ceres Global Ag’s plans for a canola crush plant in southeastern Saskatchewan are now on indefinite hold. Minneapolis-based Ceres said Friday it’s suspending the crush project it announced in May last year and will terminate a related equipment design and supply contract, so as to reduce “project-related contract liabilities.” The proposed […] Read more
Mid-year farm gate price hike approved for milk
Processors say incremental hike may soften impact on consumers
A request from Canada’s dairy farmer organization for an unscheduled increase in the current farm gate price for milk, to help farmers catch up with steep rises in their costs of production, has been granted. The Canadian Dairy Commission said Tuesday it will recommend that the farm gate price for milk be increased effective Sept. […] Read more
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