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Some Of The Top Food Stories Of 2022

Number one on that list was the ongoing war in Ukraine and the impact it's had on markets around the world, including here in Canada. "The reason why we actually picked that story as the number one story of the year is because first of all it was quite violent.  The human aspect of the tragedy is is is quite significant in my view, but you also saw commodity prices spike within weeks at record levels, shares Dr. Sylvain Charelbois. "Corn, wheat, everything because, I think, Canadians just start to realize  that region of the world is is super important. Now, in terms of supplies to Canada, not so much but commodity prices did go up and that impacted farmers and of course, the fertilizers situation just got worse with sanctions against Russia and terrorists that producers had to pay. it really complicated things and which actually made the seeding season the most expensive in history."

Some of the other stories on that list included Ottawa's attempt to put warning labels on packages of ground beef, the ongoing fertilizer issue, and who's to blame for food inflation.

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Wheat Futures Head for the Moon on Escalating Drought Concerns

Video: Wheat Futures Head for the Moon on Escalating Drought Concerns


???? Wheat surges on drought: Prices jumped to multi-week highs as worsening dryness grips the Plains, with 70% of winter wheat in drought. Corn edged higher, while soybeans slipped.

??????? Mixed weather pattern: Rain improved parts of the Corn Belt, but drought worsened elsewhere—especially the High Plains and Kentucky. Nebraska conditions sharply deteriorated, with 56% in extreme drought.

????? Oil spikes on tensions: Crude climbed over 3% near $96 as Iran keeps the Strait of Hormuz restricted, while fragile ceasefires keep geopolitical risk elevated. ???? Pulses gain favor: Farmers are shifting to peas and lentils as a rare profit opportunity, driven by strong protein demand and lower input costs.

???? Exports mixed but solid: Corn sales dipped week-over-week but remain strong overall; soybean and wheat sales showed mixed trends, with steady global demand.