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Organic operators down, acreage up: new industry stats

The number of Canadian organic producers and processors fell by nearly 300 in 2022 according to the latest industry stats. “There’s people coming in and there’s people going out,” said Tia Loftsgard, executive director of the Canadian Organic Trade Association (COTA). 

Canada's second-largest pension fund reveals new climate targets

Toronto | Reuters -- Canada's No. 2 pension fund Caisse de depot et placement du Quebec announced plans on Tuesday to completely exit oil production by the end of 2022 and reduce carbon intensity by 60 per cent by 2030. As part of the same plan to reach net-zero emissions by 2050, Montreal-based Caisse plans[...]

USDA probes release of incorrect data that pressured crop prices

Chicago | Reuters -- A U.S. Agriculture Department (USDA) unit is reviewing its procedures after posting incorrect crop data online on Wednesday, an error that temporarily pressured grain prices. The Farm Service Agency (FSA) inadvertently issued the wrong data on crop acreage around 5 a.m. CT and posted corrected data four hours later. The agency[...]

U.S. grains: Corn, wheat, soy tumble on acreage, stocks estimates

Chicago | Reuters -- U.S. grain and soybean futures tumbled on Monday after the Agriculture Department reported higher-than-expected figures for U.S. soy plantings and June 1 corn and soy stocks. The government reported 2014 soybean seedings at a record-high 84.8 million acres, topping a range of analyst estimates. "The corn and bean acres are stunning,"[...]

U.S. grains: Soybeans hit two-week high on strong export sales

Chicago | Reuters -- U.S. soybean futures jumped to a two-week high on Thursday as stronger-than-expected export sales re-ignited concerns about dwindling old-crop supplies. Corn futures advanced for the first time in four sessions, while wheat gained for a second straight session, bouncing from a four-month low set early on Wednesday. Robust demand for U.S.[...]

U.S. grains: Soybeans rise on bargain buying

Chicago | Reuters -- U.S. soybean futures rose on Wednesday, rebounding from their lowest in nearly three months on a round of mild bargain buying, traders said. Wheat futures rose on support from short-covering as well as disappointing harvest yields in key hard red winter wheat-growing areas of the U.S. Plains. Corn followed wheat higher,[...]

U.S. grains: Wheat at 3-1/2-month low after USDA report

Chicago | Reuters -- U.S. wheat futures fell to a 3-1/2 month low on Wednesday after the U.S. Department of Agriculture raised its forecasts of U.S. and world wheat ending stocks above trade expectations in a monthly report, traders said. USDA also raised its estimate of global 2014-15 wheat production, more than offsetting a cut[...]

Corn prices: The unfortunate kernels of truth

Talk to growers in Ontario and Quebec where "Corn is King" and there is considerable optimism. Corn prices are riding a wave of consistency unlike any other time, and suggestions from other parts of the world indicate this wave may last a long time. On a continental basis, the U.S. ethanol industry has been both[...]

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