Canada takes COOL to WTO

“… a needless and expensive thickening of the border.” – Gerry Ritz Canada has launched a WTO trade action against the U. S. mandatory country-of-origin meat labelling rule. Federal Agriculture Minister Gerry Ritz and International Trade Minister Stockwell Day made the announcement at a news conference in Ottawa Monday. The Canadian government has initiated formal

Cattle, corn and the credit crunch

NDSU EXTENSION SERVICE Since midsummer, new-crop December corn futures prices have declined more than US$4 per bushel from the $7.88-per-bushel high. During the same time, November feeder cattle futures prices declined more than US$20 per hundredweight (cwt) from highs of more than $119. My previous columns have emphasized the usual opposite relationship between feeder cattle


Black Sea exports continue to grow

The Black Sea region, with its vast tracts of uncultivated land, is poised to benefit from any rise in grain consumption in developing countries where higher incomes are changing food habits, especially demand for meat. Around 35 million to 40 million hectares of extra land that can be cultivated in Russia, Ukraine or Kazakhstan and

USDA to purchase broilers

The U. S. Department of Agriculture said it intends to purchase broilers and broiler products for federal food assistance programs. USDA’s Agricultural Marketing Service purchases a variety of food products each year for distribution by USDA’s Food and Nutrition Service for programs serving children, the elderly, Indian reservations and victims of natural disasters. While AMS


Grains lose allure to fund investors

The global economic turmoil that has cost banks billions of dollars in losses and slammed hedge funds has dimmed the appeal of grains as an asset class, with fundamentals for corn and wheat pointing to lower prices. Lately, supply and demand factors have been playing a greater role in determining grain prices than they did

Shrinking loonie supports CWB PROs

A weaker Canadian dollar and a “dramatic drop” in ocean freight rates are supporting the Canadian Wheat Board’s latest pool return outlooks (PRO) for wheat. Wheats rose $5 per tonne in the November 2008-09 PROs released last Thursday. For example, the PRO value for No. 1 Canada Western Red Spring (CWRS) at 14.5 per cent


Food irradiation’s time has come

Irradiation shouldn’t replace good manufacturing practices but can be an important step in the right direction. Well, it’s been quite a summer. Who would have thought just a few months ago that food safety would be front and centre as a federal election issue, or that obscure people who work for universities would suddenly emerge

Markets still controlled by “outside” forces

For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at ICE Futures Canada in WinnipegWinnipeg closed the week ended Nov. 14 moderately lower as weakness in Chicago soybean and soyoil markets weighed on prices. The continued global financial instability also undermined the markets. Farmer


World wheat crop outlook keeps growing

The world’s wheat production is projected to hit a record 682.4 million tonnes this crop year, up 2.2 million from last month, paced by bumper harvests in Europe and Russia, the U. S Department of Agriculture said Nov. 10. Increases in Europe and Russia for 2008-09 more than offset declines in Argentina, Australia, and China,

Global glut of wheat seen pressuring prices

A global glut of wheat will weigh on wheat and corn prices while tighter stocks of soybeans should provide life to the soybean market, a CME Group panel of grains analysts said Nov. 10. “There is plenty of wheat around. The world estimate is more interesting and it shows ample supplies,” said Jack Scoville, analyst