Reading Time: < 1 minute MarketsFarm — Statistics Canada on Tuesday reported Canada’s second largest August canola crush on record. The 829,490 tonnes of the oilseed processed last month is only bested by the 830,335 tonnes in August 2020. The July 2023 canola crush set a new all-time record of 961,683 tonnes. Last month’s canola crush was 31 per cent […] Read more
Canola crush shows solid start in new crop year
Soybeans see lowest August crush ever
Pulse weekly outlook: India dispute leaves lentils’ future uncertain
India was Canada's top customer in 2022-23
Reading Time: < 1 minute MarketsFarm — As tensions between Canada and India remain very high, the future direction for Canadian lentils continued to be uncertain. “Your guess is as good as mine,” Marcos Mosnaim of Export Packers said as to what could happen, adding “Canada has to be careful. I don’t know what India will do.” Prime Minister Justin […] Read more
High-path avian flu pops back up in Saskatchewan, Alberta
Canada keeps sights on 'country-level freedom' from virus
Reading Time: 3 minutes Even after 21 months of highly pathogenic avian influenza cases in Canada — including three new cases in domestic birds so far this month — Canada’s “stamping out” policy for the virus remains in effect. Canada’s active caseload of the virus now comes down to just eight of the 325 premises affected since December 2021. […] Read more
Pulse weekly outlook: Canada’s prices well supported given smaller crops
Dispute between Canada, India to be watched closely
Reading Time: < 1 minute MarketsFarm — Canadian pulse production came in well below average in 2023, keeping prices supported for the time being. Total pea production was pegged at 2.27 million tonnes by Statistics Canada on Thursday. That was up slightly from the 2.19 million tonnes forecast in August, but well off the 3.42 million tonnes grown the previous […] Read more
Major grocery chains agree to help stabilize prices, feds say
Any moves must not undercut farmgate prices, government warns
Reading Time: 2 minutes Ottawa | Reuters — Canada’s five major grocery chains have agreed to help the government in its bid to stabilize soaring prices, a senior minister said on Monday, following talks to address an issue that is hurting the ruling Liberals. Innovation Minister Francois-Philippe Champagne made the announcement after two hours of what he said were […] Read more
Trudeau summons top grocers over rising food prices
Major grocers' level of profit 'does not make sense,' PM says
Reading Time: 3 minutes Ottawa | Reuters — Prime Minister Justin Trudeau on Thursday said he had summoned the country’s top grocers to help find solution to the surging food prices and vowed to cut federal taxes on new rental buildings, as he fights an affordability crisis that has dented his party’s opinion poll ratings. After meeting with Liberal […] Read more
UN rapporteur calls Canada’s TFW system ‘breeding ground for modern slavery’
Tomoya Obokata says government needs to better protect worker rights and provide better residency path
Reading Time: 3 minutes A United Nations special rapporteur on modern slavery has called out Canada’s temporary foreign worker (TFW) programs, including those in the agriculture sector. Tomoya Obokata, who was appointed by the UN’s Human Rights Council, spoke in Ottawa Sept. 6 following a 14-day visit to Canada. He called the programs “a breeding ground for contemporary forms […] Read more
USDA adjusts soy, corn outlooks in September report
U.S. wheat usage, carryout estimates shift
Reading Time: 2 minutes MarketsFarm — The U.S. Department of Agriculture made a number of slight changes to its forecast on soybeans and corn for 2023-24, while keeping its domestic wheat numbers from August. USDA on Tuesday issued its monthly world agricultural supply and demand estimates, adjusting its forecast on this year’s soybean yields at 50.1 bushels per acre, […] Read more
Canada’s canola carryout up on year, wheat down slightly
Barley, oats, peas also up on year
Reading Time: 2 minutes MarketsFarm — Canadian canola ending stocks edged higher in 2022-23, while wheat carryout was slightly lower, according to the latest stocks data from Statistics Canada, released Friday. Barley, oats and peas also saw increases on the year, while lentil supplies tightened. Total wheat stocks as of July 31, at 3.58 million tonnes were down by […] Read more
ICE weekly outlook: Little downside for canola, trader says
'I wouldn’t look for a big collapse'
Reading Time: 2 minutes MarketsFarm — After trading rangebound during the week before the Labour Day long weekend, canola started the month of September by taking a tumble. The November canola contract stayed between $800-$821 per tonne from Aug. 24 to Sept. 1, with closing prices between $809-$812/tonne. When ICE Futures resumed trading Tuesday, the price dropped $13.90, to […] Read more
A message from April Stewart, Country Guide's Associate Editor
