Wednesday, 3 April 2013

Canada Agribusiness Report Q2 2013

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Canada Agribusiness Report Q2 2013
Apr 3rd 2013, 00:00

BMI View: Canada''s position in the global grain market is being reinforced in 2012/13 thanks to betterthan-expected wheat and corn production and in a context of tight supply from other major producers. Thecountry could temporarily gain export markets from the US, as the wheat Canada produces is the closest tothe US hard winter wheat. The country''s livestock industry could suffer from the implementation of countryof origin legislation (MCOOL) in the US but margins for the dairy and livestock sectors should improveoverall in 2013 thanks to moderating grain prices. As a result, we highlight growth potential in the nearterm for poultry and bakery processor Maple Leaf F...

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