Everyone has been so wrapped up in the U.S.-China trade issues plus weather problems in the Black Sea, EU and Australia that they have lost track of a few other weather-related problem areas, notably western Canada. This past week’s Alberta Agriculture weekly crop report highlighted the following issues:
Alberta, which typically produces about 20 percent of Canadian canola, had harvested just 13 percent of its crop as of late last week. The Peace River district canola harvest was at zero percent. The latest Stats Canada canola production estimate was 20.1 MMT versus 21.3 MMT in 2017, and the crop is now likely headed to 19 MMT or perhaps less. Alberta’s spring wheat harvest is also running late with just 31 percent complet...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
