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(Screengrab from Merit Functional Foods video via YouTube)
Crops, Markets

Merit Foods pays off operating lender, no deal yet for plant

Plant-based protein processor in receivership since March

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A Winnipeg pea and canola protein processor in receivership since this spring remains mothballed for now with no firm buyer — but has paid off one of its three secured creditors. Merit Functional Foods, which entered receivership March 1 after just two years’ operation, has sold all its remaining finished and raw inventory and directed
(Dave Bedard photo)
Crops, Markets

Higher canola, wheat production expected in StatCan report

Traders raise concerns about report accuracy

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MarketsFarm — There was a consensus among several traders and analysts that Statistics Canada will very likely raise its estimates on canola and wheat production for 2023-24. Yields on the Prairies were better than expected following a difficult first half of the growing period, as the weather improved during the second half. StatCan is set
(Photo courtesy Canada Beef Inc.)
Crops, Markets

Feed weekly outlook: Corn imports, larger crop prospects pressure barley

StatCan expected to raise barley crop estimate

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MarketsFarm — The feed barley market in Western Canada remains relatively flat as steady corn imports from the U.S. keep domestic feeders well supplied. Ideas that Canadian production ended up above earlier expectations were also keeping a lid on the domestic market. Delivered barley into the Lethbridge, Alta. area is currently priced in the $300-$320
CBOT March 2024 soft red winter wheat with 20-day moving average, MGEX March 2024 hard red spring wheat (yellow high/low/close) and K.C. March 2024 hard red winter wheat (orange H/L/C). (Barchart)
Crops, Markets

U.S. grains: Chicago wheat, corn rally as export sales top forecasts

Soybeans lower in narrow trading

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Chicago | Reuters — Chicago wheat and corn futures climbed more than one per cent on Thursday as traders covered more short positions following a slump to multi-year lows and as weekly export sales topped forecasts and included sizeable purchases by major importer China. Soybeans were lower in range-bound trading after the U.S. Department of
Dr. Dan Undersander, middle, is the 2023 winner of the Canadian Forage and Grassland Association Leadership Award. He is joined by Cedric MacLeod, executive director of CFGA, left and Eric Boot, right, chair, international exporters of CFGA. Photo: Catherine Brown
Crops, Forages

Forage association presents 2023 Leadership Award

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The Canadian Forage and Grassland Association (CFGA) presented its Leadership Award at its 14th Annual Conference on Nov. 29, in Harrison Hot Springs, British Columbia, to Dr. Dan Undersander of Wisconsin – the first non-Canadian to win this award. As well as being the keynote speaker at the conference, Undersander has worked as a forage
Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Crops, Markets

CBOT weekly: Mostly bullish influences on soy, corn, wheat

China increasing imports, Brazil in weather bind

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MarketsFarm — While extreme weather differences in Brazil remained the main focus of the Chicago Board of Trade’s attention, increased imports by China were becoming another major factor, according to Terry Reilly, senior agricultural specialist for Marex in Chicago. “People are watching China’s increased demand for soybeans, wheat and potentially corn,” Reilly said, noting the
(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Canola prices could rebound

'There's nothing all that exciting to look at'

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MarketsFarm — Winnipeg-based trader Ken Ball from PI Financial is cautiously optimistic that canola prices can rebound in the short term. The January canola contract closed at $702.30 per tonne on Wednesday a weekly loss of $7.40. The contract fell below the $700 level on U.S. Thanksgiving on Nov. 23, a day with little volume.
Photo: Greg Berg
Crops, Markets

U.S. grains: Chicago wheat finishes higher on short covering

Soybeans nearly unchanged, drought in Brazil looms over production

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Chicago | Reuters — Chicago wheat futures climbed more than two per cent on Wednesday, extending gains from the previous session as traders covered their short positions ahead of month-end and first notice day for the spot December contract. Soybeans retreated in early trading before recovering as traders accessed adverse crop weather in Brazil. Corn

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