Grain industry wrestles with unfulfilled grain contracts

Farmers who contracted to deliver a portion of this year’s crop at a specific price but can’t fill it because drought cut production have a problem. Depending on the contract they are obliged to either find the equivalent grain elsewhere and deliver it, or pay the grain company what it costs to acquire the grain.[...]

Proposed meat label bad news for North American livestock, meat supply chains: industry

Washington, D.C. — Canada doesn’t want a proposed American rule for voluntary meat labelling to disrupt North America’s integrated meat and livestock industry, and thus damage Canada’s meat sector. “While we, of course, support efforts related to truth in labelling for consumers, we are concerned about the potential real-world consequences of the proposed rule on[...]


Grain shipping capacity eyed nervously

It’s official. Western Canada’s grain-handling and transportation system moved a record amount of grain during the 2020-21 crop year that ended July 31. When the dust had settled, Western Canada’s grain-handling and transportation system had moved a record 61.5 million tonnes. That’s up 5.1 per cent from last crop year’s record of 58.6 million, Mark[...]

Avoiding the grain contract blues

The old saying goes “you’ll never go broke selling crops for a profit,” — but you could be in a financial pickle if you don’t deliver what you sold. That hard financial reality has put the long tradition of forward pricing contracts under the microscope this year. It’s prompting questions about the responsibility farmers and[...]


Premium prices for premium peas

Roquette wants sustainably produced, premium field peas for its new $600-million pea-processing Portage la Prairie facility — the world’s biggest — and is paying a premium price to get them. “Generally speaking we pay a $1 bushel for the Environmental Farm Plan and the traceability reports that they (farmers) do for us,” Derek MacLean, Roquette’s senior grain buyer,[...]

Grain contract losses an eligible AgriStability expense

Farmers who lost money because they forward sold more crop than they grew can claim that as an expense under AgriStability. And Manitoba farmers not enrolled can still join the risk management program, but with a 20 per cent penalty on payouts. That’s the message Stewart Wells wants every farmer to hear. The Swift Current,[...]


Old-crop canola price records keep falling

Bill Craddock has seen a lot in his 52 years speculating in grain futures markets, but never $1,000-a-tonne canola on the crusher’s driveway — until last week that is. On May 5 Manitoba farmers could lock in canola at $1,021 a tonne ($23.15 a bushel) with Altona crusher Bunge for delivery Aug. 1 to 15,[...]

Carbon offsets not the right policy says NFU

[UPDATED: June 4, 2021] Carbon offsets for Canadian farmers aren’t the way to mitigate climate change in Canada, according to the National Farmers Union (NFU). Paying farmers to store more carbon in their soil by selling credits to carbon emitters is touted as a way for farmers to earn more revenue and cut carbon emissions.[...]


Where’s the Canadian Grain Commission headed?

The future of the Canadian Grain Commission (CGC), whose statutory mandate since 1912 has been to regulate western Canadian grain quality in the interest of farmers, is getting closer to being determined. Why it matters: For 109 years the Canadian Grain Commission, under authority of the Canada Grain Act, has regulated Western Canada’s multibillion-dollar grain[...]

Lytton bridge reopened but grain movement ‘hit and miss’

CN Rail’s, fire-damaged bridge at Lytton, B.C. reopened for traffic July 13, but all train movement, including for grain, through British Columbia’s wildfire-ravaged southern Interior, is “hit and miss” and will remain so until the fire risk lessens. “Both railways (including CP Rail) are having troubles because there are so many fires in the area,”[...]