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Tag Archives Inflation

Farmers demanding higher bids from grain dealers could contribute to rising prices at the grocery store.
Crops, News

U.S. farmers look for premium on remaining 2021 crop

Sellers remain stubborn in the U.S., waiting to see what happens

By
Reuters – American grain buyers will have to boost prices to pry farmers’ corn and soybeans from their bins as growers are already flush with cash and can afford to wait and see if the market rallies. “I assume we are going to have to bid up throughout the summer,” a grain dealer in Ohio
The shift is so incredibly sharp, many vendors can’t agree with grocers on pricing, pushing them to put their business on hold...
Comment, Op/Ed

Comment: Dear Ottawa, help!

Food prices are climbing at a record pace in Canada and around the world

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It wasn’t a good week if you’re a consumer on a tight budget and that group includes most of us. Consumers are under attack right now, literally. We’ve just learned that Canada’s food inflation rate was at a record 9.7 per cent in May. Everyone is noticing higher food prices, and no section of the
Synthetic fertilizers have greatly enhanced crop yields and are rightly credited with helping to feed the world, but their use is not evenly spread around the world.
Comment, Op/Ed

Comment: Fertilizer crisis shows need for new way

Fertilizer prices are soaring – and that’s an opportunity to promote more sustainable ways of growing crops

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Farmers are coping with a fertilizer crisis brought on by soaring fossil fuel prices and industry consolidation. The price of synthetic fertilizer has more than doubled since 2021. This crunch is particularly tough on those who grow corn, which accounts for half of U.S. nitrogen fertilizer use. The National Corn Growers Association predicts that its
A view of Ceres Global Ag’s Northgate, Sask. facility as seen from its fertilizer shed in 2018. (Grainews photo by Lisa Guenther)
Crops, Markets

Ceres pulls plans for Saskatchewan canola crush plant

U.S. company suspends project citing higher-than-projected costs

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U.S. ag commodities firm Ceres Global Ag’s plans for a canola crush plant in southeastern Saskatchewan are now on indefinite hold. Minneapolis-based Ceres said Friday it’s suspending the crush project it announced in May last year and will terminate a related equipment design and supply contract, so as to reduce “project-related contract liabilities.” The proposed
(Noel Hendrickson/DigitalVision/Getty Images)
Dairy cattle, Livestock, Markets

Mid-year farm gate price hike approved for milk

Processors say incremental hike may soften impact on consumers

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A request from Canada’s dairy farmer organization for an unscheduled increase in the current farm gate price for milk, to help farmers catch up with steep rises in their costs of production, has been granted. The Canadian Dairy Commission said Tuesday it will recommend that the farm gate price for milk be increased effective Sept.
CME June 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle bounce back on bargain buying

July hogs touch six-day high, end lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished higher on Tuesday in a rebound from recent losses, brokers said. However, concerns about the risk of beef demand falling due to U.S. inflation continued to hang over the market, analysts said. They warn rising prices may increasingly push consumers to eat cheaper food
CBOT July 2022 soybeans (candlesticks) with 20- and 50-day moving averages (yellow and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Soybeans hit one-week low as financial markets drop

CBOT corn, wheat ease amid inflationary worries

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Chicago | Reuters — U.S. soybean futures hit a one-week low on Tuesday and grains declined amid pressure from weak financial markets and concerns about inflation, analysts said. A second straight day of losses in equities and jitters about the economy helped drag down soy futures, after prices for the oilseed neared a record high
(Kelli Jo/iStock/Getty Images)
Hogs, Livestock, Markets

Hog sector to focus on margins in face of outside volatility

'Counter-cyclical' moves seen in markets

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MarketsFarm — The hog sector has found itself caught up in the general uncertainty of many commodity and financial markets — making it more difficult than normal to predict where values could be headed. “We’re seeing a ton of volatility and it feels like we’re in a bit of transition on supply versus expectations,” said

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