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Canadian Crops Convention speaker warns of protectionism, changing trade patterns, possible recession.

  The Western Canadian Crop Production Show opened its doors at noon Monday at Saskatoon Prairieland Park...

A drought struck North America’s oat fields this season, and farmers are harvesting such a small crop that prices have risen to record highs, signaling inflation for breakfast staples such as oatmeal and trendy alternative milk. Severe hot and dry weather probably slashed oat production by nearly half to an 11-year low in Canada, the world’s biggest exporter. Similarly in the US, one of the world’s top consumers of the grain, the harvest is expected to be the smallest ever. The result is all-time high costs that are likely to filter down to consumers. The situation for North American far...

2/1/2021 By Rod Nickel WINNIPEG, Manitoba, Jan 31 (Reuters) - Canada, the world's biggest canola grower, is running short of the oilseed six months before the next harvest, with strong export demand driving prices to nearly 13-year highs last week. Supplies of major commodity crops are dwindling worldwide as buyers hoard food supplies during the COVID-19 pandemic. China is loading up on grains and oilseeds that it can feed to animals, raising food inflation and causing some nations to restrict exports of their crops. Canola, known for its bright yellow flowers, is crushed mainly for oil to ma...

By Jim Smalley   Some unexpected demand from South American have pushed oats exports past the one million tonne mark through the first five months of the crop year. Chile usually supplies oats to neighboring South American countries, but domestic supplies were not sufficient this year. Chuck Penner with LeftField Commodity Research says Chilean buyers turned to Canada to fill the gap. Canadian exports of oat flakes and processed oat products have also been strong. Canadian farmers grew more than 4.5 million tonnes of oats last year, the biggest crop in more than a decade. There was l...