MarketsFarm -- Demand for plant- and animal-based proteins alike is likely to increase in the coming year.
Since 2017, pea protein demand increased by about 13 per cent, Craig Klemmer, chief agriculture economist at Farm Credit Canada, said at Ag Days in Brandon, Man.
Over the same time period, demand for canola protein increased by nine per cent, and soy protein demand ticked up by seven per cent. The steadily growing demand is largely driven by consumer trends toward…
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Favourable growing conditions forecast for major ag regions
tagged Ag Days argentina Australia Barley Brazil Canola China Corn Drew Lerner planting rainfall Soybeans United States weather Wheat
MarketsFarm -- Canadian producers looking for challenging growing conditions elsewhere in the world to prop up commodity prices may be disappointed during the 2020 growing season.
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South America
"If you're looking for any help from South America for your canola or soybeans or corn, you'd better look somewhere else," Drew Lerner, president of World Weather Inc., said during his presentation at Ag Days at Brandon, Man. Despite significant hand-wringing due to drought…[Read more]
U.S. livestock: Cattle stumble to two-month low ahead of USDA report
tagged Beef Cattle Cattle cattle on feed China closing markets CME cutout feeder cattle feedlots futures hogs lean hog live cattle Pork Swine USDA
Chicago | Reuters -- U.S. live and feeder cattle futures dropped to their lowest prices in about two months on Thursday as traders adjusted positions before a government report that is expected to show an increase in supplies.
Hog futures, meanwhile, advanced to their highest prices in about two weeks.
The U.S. Department of Agriculture is expected to report on Friday the nation had 11.948 million head of cattle on feed for slaughter as of Jan. 1, up 2.2 per cent from a year…
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U.S. grains: Corn futures hit three-month high on export demand
tagged cbot China closing markets Corn exports futures soybean USDA Wheat
Chicago | Reuters -- U.S. corn futures topped a three-month high on Thursday on improved export demand, while wheat futures traded near a 1-1/2 year high reached a session earlier.
Soybeans eased to a one-month low as traders awaited signs of Chinese purchases of U.S. crops in the wake of last week's initial trade agreement between Washington and Beijing.
The U.S. Department of Agriculture has not confirmed agricultural sales to China since the countries signed the deal, in which…
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No turkeys, pigs, goats: U.S. to let airlines limit service animals
tagged airlines carriage fees comfort animals dogs goats miniature horses pets pigs service animals service dogs turkey
Washington | Reuters -- The U.S. Transportation Department on Wednesday proposed giving airlines the power to bar emotional support animals from cabins and limit the definition of a service animal to a trained dog.
The proposed new rules are aimed at preventing passengers from falsely claiming their pets are service animals aboard U.S. airline flights.
Airlines have long complained passengers have been able to exploit the designation by bringing their pets and other exotic…
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Zimbabwe says grain stocks running out after drought
tagged Brazil drought food shortages grain reserve harvest imports maize millers planting rain South Africa Zimbabwe
Harare | Reuters -- Zimbabwe has only 100,000 tonnes of grain in its strategic reserves, enough to last just over a month, as the southern African nation suffers the effects of a severe drought, according to the agriculture minister.
More than half the country's population faces food shortages after maize harvests halved last year. The country has received little rain since the summer planting season started in November, and crops are wilting in some areas.
Agriculture minister…
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Trump administration scales back U.S. water protections
tagged Andrew Wheeler Clean Water Act EPA farmers federal protection fertilizers pesticides stewardship streams Trump U.S. waters waste waterways wetlands
Washington | Reuters -- The Trump administration finalized a rule on Thursday to pare back the types of waterways protected from pollution under federal law, easing burdens on industries such as agriculture and mining but angering environmental groups.
The Navigable Waters Protection Rule could win political points ahead of the November election for Republican President Donald Trump in the Farm Belt, a key constituency.
Environmental Protection Agency administrator Andrew Wheeler…
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Improving global ag trade may not favour Canada
tagged Ag Days agribusiness Canola China Craig Klemmer CUSMA dairy Farm Credit Canada food imports Japan Meng Wanzhou phase one processing swine fever United States USMCA
MarketsFarm -- When it comes to improving global trade relations, a rising tide may not lift all boats.
In the recently-signed Phase One trade deal between the U.S. and China, Beijing pledged to significantly increase Chinese purchases of U.S. soybeans and other agriculture goods.
"Where does that leave room for Canada, given the demand side of the story?" Craig Klemmer, principal agriculture economist with Farm Credit Canada, hypothesized while speaking at Ag Days 2020 in…
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Pulse weekly outlook: Uncertainty pervades markets
tagged Black Sea Canada China green peas india pea markets price spread pulse markets Pulses yellow peas
MarketsFarm -- The price spread between green and yellow peas continues to widen in Western Canada, but whether or not that trend will continue remains to be seen.
Numerous outside factors lend a general air of uncertainty to the pulse market, according to a pulse trader.
Green peas typically trade at a premium to yellow peas, but that usual $1-$2 spread has widened to over $5 over the past few months. Green peas are currently trading around $12 per bushel, while yellow peas…
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CBOT weekly outlook: Corn set to rally
tagged cbot China Corn CUSMA futures Japan March corn phase one Scott Capinegro
MarketsFarm -- Corn futures on the Chicago Board of Trade may be due for a rally.
The March corn contract hit $3.92 per bushel three times earlier in the month, facing stiff resistance to break higher (all figures US$). Prices established lows last week, around $3.7525.
"I would like to see resistance be taken to the $3.94-$3.97 range," said Scott Capinegro of Barrington Commodities ar Barrington, Ill. If China happened to buy some corn, prices could break out into the…
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