The Canadian government is contributing up to $100 million to minimize the carbon emissions from BHP’s new $7.5 billion potash mine at Jansen, Saskatchewan. The federal contribution from the Strategic Innovation Fund was announced by François-Philippe Champagne, Minister of Innovation, Science and Industry, and Marie-Claude Bibeau, Minister of Agriculture and Agri-Food, alongside BHP’s CEO Mike Henry,… Read More
Category: Markets
After a dreary few weeks, we’re starting this episode of the Beef Market Update on a positive note. Anne Wasko, of the Gateway Livestock Exchange, says on her ranch in southwest Saskatchewan, they got some rain, and hey, the markets are on the way up. The markets started out this week slow, but quickly picked… Read More
Discussions are underway on whether or not a new beef packing facility would be viable in Saskatchewan. The industry has sustained healthy margins over the past two-and-a-half years and with Saskatchewan being the literal breeding ground for upwards of one million cows, it’s no wonder the province is up for consideration. Saskatchewan Stock Growers Association… Read More
From drought conditions, poor market prices, high input costs, and on-going costs for health maintenance, many western Canadian cattle producers are starting to question how much longer they can stay afloat. Some producers who are in drought-ridden areas are looking at selling off a portion of their herd out of necessity as their pastureland can no… Read More
Drought conditions are adding insult to injury for some cattle producers who considering tough decisions if pasture conditions don’t improve soon. Producers Jocelyn and Travis Wasko, who own XTC Ranches and Bar 4 Bar Ranches near Eastend Sask., are going into their third year of drought conditions and say they continue to employ a “take… Read More
It isn’t uncommon to read about issues happening around the world that create hardship for some but leaving others unaffected, however; food inflation is not one of them. The rising cost of food is an issue being felt throughout North America and across the globe. Although it can be easy to focus on rising total… Read More
It’s a global game of chess and it’s Russia’s move. With ongoing talks of Russia allowing wheat exports to come out of Ukraine, which could mean 50 to 60 million metric tonnes of wheat, those market values have experienced a slight decline over the recent past; however some experts are saying it’s not likely long-lived… Read More
The challenges of shipping through the Port of Vancouver in 2021 are highlighted in a new report ranking the performance of 370 container shipping ports around the world. Vancouver was ranked 368th — only better than its West Coast rivals in Long Beach and Los Angeles — in the 2021 Container Port Performance Index (CPPI),… Read More
Stagflation, inflation, rising food costs…these are all factors that are creating murky waters in front of beef demand, if you look at the rest of the 2022 calendar year. Anne Wasko of the Gateway Livestock Exchange says in our latest Beef Market Update, that even if you look at live cattle futures, and live cattle… Read More
Although we’ve experienced dips in market pricing, there are good reasons to be cautiously optimistic about where commodity prices are for now, unless we see some significant changes in the local and global landscape. There are many factors that are currently affecting commodity markets. First and foremost is the ever-unfolding situation between Russia and Ukraine…. Read More
It’s been a wild week in the wheat markets, with lots of trading action and news stories driving the markets. Chaos, says Jon Driedger of Leftfield Commodities Research, is one way to describe it — starting off with last week’s United States Department of Agriculture report. “That was a friendly report for wheat. We go… Read More
The Chinese government has lifted restrictions on imports of canola from Canada’s two largest exporters that dated back to March 2019. Richardson and Viterra were banned from shipping canola seed to China more than three years ago. Both companies are listed as approved for exporting canola to China in a government document that was published… Read More
The U.S. cattle market was steady again this week, continuing to chop, chop, chop sideways, with cut out prices climbing slightly, though still at sluggish pace. Here in Canada, the average weekly price is in the low 170s, and, according to Canfax, that’s the first time since 2017 the weekly average has held in this… Read More
Looking back to last fall after fertilizer inventories were wiped out, there was cause for concern on what shortage issues we may face come spring, but the markets are proving the opposite to be true. Josh Linville, fertilizer director for StoneX, says one uncertainty is sometimes the only certainty when it comes to the volatility… Read More
Across Canada, we are seeing sky-high diesel prices, with some provinces inching closer to $2 per litre, where other provinces are closing in on $3 per litre, is there light at the end of the tunnel? According to experts, if there is, it’s not coming anytime soon. The market has seen a surge in demand… Read More