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Pulses

File photo of signage outside Maple Leaf Foods’ Lagimodiere Boulevard plant in Winnipeg. (Dave Bedard photo)
Livestock, Markets

Maple Leaf sees ‘inflection point’ beyond red ink of 2022

Packer books net losses in Q4, full-year

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Another of Canada’s major pork and poultry packers has reported significant net losses in its 2022 ledger, but sees “green shoots” suggesting a return to normal pork markets and stable supply chains this year. Maple Leaf Foods on Thursday reported a net loss of $311.89 million on $4.739 billion in gross sales for its fiscal
Yellow peas. (Victoria Popova/iStock/Getty Images)
Crops

Pulse weekly outlook: Manitoba growers not worried about Merit situation

Pea, canola protein processor in receivership

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MarketsFarm — After Manitoba-based plant protein processor Merit Functional Foods went into receivership last Wednesday, Manitoba Pulse and Soybean Growers (MPSG) executive director Daryl Domitruk said it is not a microcosm of the province’s pulse industry. Domitruk said MPSG learned about Merit’s financial situation through the media. He also added that some Manitoba pea growers
File photo of a CN locomotive. (Dave Bedard photo)
Crops

CN’s mechanics vote in favour of strike action

Company says rail operations 'will continue'

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Unionized mechanics and clerical workers at Canadian National Railway (CN) have voted their support for strike action which CN says will not affect operations. Ballots from members of Unifor Local 100 and Unifor Council 4000 went 98 and 97 per cent in support of strike action, in votes held over the past two weeks, Unifor
A view of the “Bridge of No Return” from the South Korean side of the DMZ between North and South Korea. (Bob Hilscher/iStock/Getty Images)
Crops

North Korea’s Kim demands more farmland to boost food production

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Seoul | Reuters — North Korean leader Kim Jong Un ordered improvements to infrastructure and expansion of farmland to ramp up food production, state media said on Thursday, amid warnings of an impending food crisis. Kim gave instructions to revamp irrigation systems, build modern farming machines and create more arable land as he wrapped up
Wheat in progress west of Pathlow, Sask. on Aug. 1, 2022. (Dave Bedard photo)
Markets, Weather

Crop, livestock prices offset reduced marketings in 2022

StatCan data on farm cash receipts tracks recovery off 2021 drought

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New full-year data on Canada’s farm cash receipts in calendar 2022 show how increased commodity prices last year more than offset the drop in quantities sold. Statistics Canada on Tuesday released figures showing Canadian farm cash receipts in 2022 at $94.9 billion, up 14.1 per cent from 2021, including crop receipts of $53.9 billion (also
File photo of a docked grain vessel at a Black Sea port in Turkey. (Bfk92/E+/Getty Images)
Crops, Markets

Bulk ocean freight rates recover off lows

Container rates remain in downtrend

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MarketsFarm — Ocean freight rates have shown some strength in late February, with the Baltic Dry Index (BDI) recovering off two-and-a-half-year lows hit earlier in the month. The BDI, a major indicator of bulk shipping rates, has risen for seven straight sessions to settle Monday at 935 points, up from the low of 530 points
Yellow peas. (Victoria Popova/iStock/Getty Images)
Crops, Markets, Pulses

Pulse weekly outlook: AAFC report makes minor changes

Revisions mainly in dry peas, chickpeas

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MarketsFarm — Following the latest supply and demand estimates from Agriculture and Agri-Food Canada (AAFC), MarketsFarm Pro analyst Mike Jubinville said their numbers “all seem reasonable enough.” There were only a handful of small tweaks to pulses in the AAFC report released Friday. For the most part, the revisions came with dry beans and chickpeas.
A handful of soil health projects have secured funding for the next five years in the hope of kick starting soil health practices in the field. (Assiniboine Community College photo)
Crops, Weather

Multi-million-dollar fund greenlights soil health projects

Eight projects to push soil health practices will get funding for the next five years

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Eight soil health projects across Canada will be getting a multi-million-dollar boost in private funding over the next five years. The Weston Family Foundation — the philanthropic arm of the Weston business empire — has slated $10 million for those eight projects through the organization’s soil health initiative, it was announced Feb. 13. The initiative
File photo of a CN locomotive. (Dave Bedard photo)
Crops

CN’s mechanics, clerical staff taking strike votes

Railway not expecting impact on operations

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Canadian National Railway says it’s not expecting any impact on its operations if its unionized mechanics and clerical staff are involved in a work stoppage, depending on the outcome of strike votes starting this week. Unifor represents about 3,000 CN workers in mechanical, intermodal and clerical positions across the country through five collective agreements, all

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