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China seen set to become world’s second-biggest wine market

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tagged China consumer consumption france IWSR United States wine wine trade
Paris | Reuters -- China is set to overtake Britain and France to become the world's second-largest wine consumer by value behind the U.S. by 2020 as consumers turn to more middle-range wines, the International Wine and Spirit Research (IWSR) organization said Thursday. In a study for wine fair Vinexpo it forecast Chinese wine consumption by value would rise by 40 per cent between 2016 and 2020 to nearly US$22 billion, still far below the U.S., where demand is set to grow by 12 per…
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Grain handle helps CN to record first-quarter volume

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tagged Canadian National Railway carloads cn first quarter grain and fertilizer net earnings Q1
Canadian National Railway reports moving more Prairie grain in its first quarter than at the same time last year, despite "more demanding winter conditions" compared to 2016. Montreal-based CN on Monday reported net earnings of $884 million on overall revenues of $3.206 billion for the quarter ending March 31 (Q1), up from $792 million on $2.964 billion in the year-earlier Q1. "We delivered record first-quarter volumes, including a 14 per cent increase in western Canadian grain tonnage…
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Prairie grain freight cost index to rise with fuel prices

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tagged cn cp crude oil CTA fuel prices grain revenue MRE railways revenue cap volume-related composite price index VRCPI
An "expected sharp rise" in fuel costs in 2017 compared to 2016 may help raise the cap on how much money Canada's big two railways can charge to move Prairie grain in 2017-18. The Canadian Transportation Agency -- the tribunal which, among its other duties, sets the annual maximum revenue entitlements (MREs) on Prairie grain freight for Canadian National Railway (CN) and Canadian Pacific Railway -- on Friday announced a volume-related composite price index (VRCPI) of 1.3817 for the crop year…
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Glyphosate clears Health Canada re-evaluation

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tagged buffer zones cancer risk glyphosate Health Canada IARC label updates monsanto re-entry re-evaluation Roundup runoff
Crop protection companies selling glyphosate have two years to make minor changes to parts of their product labels, as the 43-year-old herbicide formally clears Health Canada's re-evaluation process. The re-evaluation, launched in late 2009 in a standard federal practice for registered pesticides in Canada, has ruled that products containing glyphosate -- when used following the new label directions -- are "not a concern to human health and the environment." The federal health…
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U.S. grains: Corn, soy fall on dry weather forecast

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tagged cbot closing markets cold snap corn futures futures Plains soybean futures wheat futures
Chicago | Reuters -- U.S. corn and soybean futures fell on Friday on the prospect of dry weather for key Midwest production areas in early May, which would give farmers access to fields during a crucial planting window, traders said. Wheat futures firmed, hitting their highest level in more than a week on concerns about a cold snap in the U.S. Plains damaging maturing crops. All three commodities posted modest monthly gains. Corn futures notched the biggest decline of the day…
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U.S. livestock: Live cattle hit one-year high on fund buying

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tagged cattle futures closing markets CME feeder cattle fund buying futures hog futures lean hogs live cattle
Chicago | Reuters -- Chicago Mercantile Exchange live cattle on Friday notched a one-year high for a third straight day, with strength from fund buying during the month's final trading session, traders said. They said brisk wholesale beef demand and deferred-month futures' discounts to this week's cash prices helped drive contracts to fresh highs. Funds were partly behind Friday's market gains, said Oak Investment Group president Joe Ocrant. But most of the buying was because of…
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Ontario budget seeks tax flexibility for on-farm processing

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tagged biodiesel budget coloured fuel electricity Farm Mutual Re microbrewer natural gas OFA on-farm processing ontario perishables property taxes Sousa
The Ontario government has balanced its budget for the first time in since 2008 -- but Thursday's budget contained little news for agriculture and rural Ontario. Finance Minister Charles Sousa's budget mostly highlighted agriculture programs that had already been announced, and maintains $100 million in funding for the provincial Risk Management Program, which helps offsets low commodity prices and rising production costs, mainly targeted at grains and oilseeds, horticulture and livestock…
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Prairies warm up slightly

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tagged Canada CoCoRaHS prairies temperature weather WeatherFarm
Daytime temperatures rose somewhat on the Prairies Thursday, as highs climbed to +14 C in much of the western Peace region, +12 C around Regina, Saskatoon, Nipawin and Grande Prairie and +9 C around Brandon, but hit just +2 C around Lloydminster and +3 C around Winnipeg. Lows at WeatherFarm stations on Thursday dropped to -9 C around Dauphin, -8 C around Yorkton, Weyburn and Estevan, -3 C around Grande Prairie, Peace River, Winkler and Morden, -1 C around Winnipeg, Portage la Prairie and…
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Alberta recruits new board for AFSC

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tagged AFSC Agriculture Financial Services Corp alberta board of directors Carlier governance Jennifer Wood
Alberta's provincial government has named a new board of directors to its farm financing and crop insurance agency, to replace the board it fired last year. Agriculture Minister Oneil Carlier on Thursday announced the appointment of a new eight-member board for the provincial Agriculture Financial Services Corp., (AFSC), which has been handled by an interim board since last summer. The previous board of directors was [Read more]

Mustard acres feeling squeeze from canola

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tagged brown mustard Hursh mustard mustard acres Olds Products statistics canada weed control yellow mustard
CNS Canada -- Following the largest mustard crop in more than a decade in 2016, supply/demand fundamentals are expected to spur a reduction in Canadian mustard seedings in 2017. However, with more and more cropland moving into canola, mustard acreage increases may be limited in future years when supplies are tight again. After growing the largest mustard crop in 12 years -- 234,000 tonnes -- in 2016, Agriculture and Agri-Food Canada predicts carryout for 2016-17 at 85,000 tonnes,…
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