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Agriculture Roundup for Friday November 18, 2022

Protein Industries Canada (PIC) said a new project will turn prairie crops into seafood alternatives.

Three B.C.-based food companies are involved in the research and development of using peas and canola protein as a substitute for traditional seafood.

PIC chief technical officer Meghan Gervais said the Regina-based company is providing $5.5 million for the $15 million project.

Roughly 20 plant-based seafood alternatives will eventually be available in Canadian grocery store freezers.

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Canola Near $800: The Prairies Tell Two Stories

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On this Cuppa Coffee from What the Futures Podcast, Ryan Denis and guest Chuck compare drowned-out Prairie acres with strong crop potential and explain what that split could mean for canola, wheat, peas, and lentils. They also discuss canola near $786, improving crush basis, rising urea prices, European heat, 2027 spring wheat, and China’s pea starch tariff.