Pulse Weekly: Strong export demand boosts most green lentil …
WEB1 day ago · Boersch said green lentils were being exported to South Africa, South America and to a lesser extent, India. She noted that green lentil demand within Canada is not that great. Prices for green lentils were steady to higher for the week ending Sept. 27, according to Prairie Ag Hotwire. A broker credited increased foreign demand.
ICE canola weekly outlook: Running into resistance - AGCanada
WEB1 day ago · Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was still trending higher in the first trading days of October but showing signs of running into resistance. The nearby November contract neared the C$620 per tonne level on three separate occasions over the past week, but farmer selling pressure came forward every time as values ...
Federal budget promises lower costs, interest relief for farmers
WEBApr 16, 2024 · The section “Interest Relief for Farmers” proposes $64 million in funding to Agriculture and Agri-Food Canada “to support a $250,000 interest-free limit on Advance Payments Program loans for the 2024 program year.”. Finally, “Protecting Farmers from the Costs of Climate Change” reads that “the federal government is committed to ...
Equipment sales expected to soften in 2024 - AGCanada
WEBNov 16, 2023 · Strong post-pandemic sales of farm equipment aren’t expected to continue into 2024 said Farm Credit Canada (FCC) in a new report. “Farm revenue is a main driver in equipment sales,” said said J.P. Gervais, FCC’s chief economist, in a Nov. 16 news release. “This year, the drought in western Canada has impacted overall production ...
Canadian wheat, canola harvests expand, rebound from dry …
WEBDec 4, 2023 · Winnipeg | Reuters — Canadian farmers will harvest more wheat and canola than was expected several months ago, as crops rallied from dry conditions that threatened yields, a government report showed on Monday.. Statistics Canada’s crop estimates tend to increase in the annual December report, but the agency’s raised estimate for all-wheat production surpassed industry expectations.
Canadian egg, turkey production climbs on bird flu recovery, …
WEBAug 16, 2024 · Canadian egg production reached record highs between June of last year and this May as the industry recovered from an avian flu outbreak according to Farm Credit Canada analysis.. The Canadian sector produced 903 million dozen eggs in that time period, the largest 12-month tally on record according to an FCC article written by senior economist Graeme Crosbie.
FCC's top economic charts to monitor in 2024 - AGCanada
WEBJan 12, 2024 · Crops: Canola crushing set a first quarter record. Canada’s canola crushers set a record in the first quarter of the 2023/24 marketing year as new capacity came online (Figure 2). Canadian canola crush expansion was initially slated to add 4.5 million metric tonnes in 2024 however, rising construction costs, higher interest rates, and tight canola supplies the last several years have led to ...
Early signs point to increased crop production in 2024/25: AAFC
WEBJan 22, 2024 · However, total wheat production in 2024/25 is forecast to increase to 33.296 million tonnes, from 31.954 million in 2023/24 due to an expected increase in yields. Canadian wheat exports are forecast to rise to 24.350 million tonnes in 2024/25, from an estimated 23.200 million in the current marketing year. The …
Over half Canada’s farm revenue now goes to biggest farms, …
WEBMay 12, 2022 · And in 2021, farms reporting at least $2 million in sales accounted for over half of Canada’s total farm operating revenues, at a share of 51.5 per cent, up from 41.5 per cent in 2016. Farm operating revenues in Canada totalled $87 billion in 2020 against expenses of $72.2 billion, StatsCan said. On average, for every dollar in revenues ...
Good demand expected for Canada’s two biggest crops
WEBJul 22, 2024 · Stephen Nicholson is predicting high demand for wheat and canola. There should be good demand for Canada’s two biggest crops this year, an economist says. Stephen Nicholson, global sector strategist of grains and oilseeds for Rabobank, said the U.S. hard red winter crop is big and getting larger as the weeks tick by.