CFFO Blog's Blog – August 2012 Archive (2)

Ag in the House: June 15 – 18

The Bloc wanted to know why the government was shutting down bill debates

Anti-Dumping Probe Targets Wheat Gluten Imports in Canada

Canada launched an anti-dumping investigation into wheat gluten imports from Italy, Poland, and the UK to assess if underpriced products are harming domestic manufacturers.

NOAA Declares El Nino, Raising Key Weather Risks for Agriculture

NOAA has officially declared El Nino, and the resulting changes in weather patterns could significantly affect crop production across the United States and Canada in the coming months.

Federal Judge Sends Roundup Class Settlement Back to Missouri State Court, Clearing Path for Approval

A federal judge has ruled that the high-profile Roundup class settlement case must return to Missouri state court, a move expected to accelerate approval of a multibillion-dollar agreement covering tens of thousands of claims.

Hursh: A downward shift in fertilizer prices

War in the Middle East and the blockade of the Strait of Hormuz contributed to a rapid rise in nitrogen fertilizer values, but prices have dropped dramatically in recent weeks. Some analysts were worried that the normal price reset after spring seeding would not occur this year, but a price drop has happened quickly: There have been reports of international prices for urea, 46-0-0 moving lower, but what matters to farmers is the price locally. Up until a few weeks ago, the price of urea at farm input suppliers in Western Canada was around $1,250 a tonne. According to the Alberta Farm Input Price Survey, the lowest urea price of the past five years was just over $600 a tonne back in July of 2021. However, by April of 2022, world events had pushed urea prices to $1,350 a tonne. While prices this spring were not quite that high, they were onerous as compared to the price of grain. So where are prices right now? What would you need to pay for urea for summer or fall delivery? You cou