WINNIPEG – Contracts on the ICE Futures canola market are bracing for turbulence in the coming days as trade negotiations between Canada and the United States and a looming production report from Statistics Canada takes center stage. According to one analyst, these and other factors may play havoc with the Canadian dollar, which could send […] Read more
Markets — page 5
Appetite for destruction: Soy boom devours Brazil’s tropical savanna
CAMPOS LINDOS, Brazil, (Reuters) – When farmer Julimar Pansera purchased land in Brazil’s interior seven years ago, it was blanketed in tiers of fruit trees, twisted shrubs and the occasional palm standing tall in a thicket of undergrowth. He mowed down most of that vegetation, set it ablaze and started planting soybeans. Over the past […] Read more
Questions remain over impact of hot weather on canola yields
Harvest came early for some crops in Western Canada this year. A few canola crops in Manitoba are already in the bin as warm temperatures and a lack of rain helped growers hit the fields quicker than other years. However, a hot and mostly dry summer on the Prairies has left many growers guessing about […] Read more
Sask. lentil yields predicted to be down
Winnipeg – After a year of market woes for lentils, it looks as though the Saskatchewan lentil yield won’t be the best either. “I think overall we would be expecting lentil yields lower than average this year but it’s hard at this point to put a figure or a number on that,” said Carl Potts, […] Read more
Trump: NAFTA threatened, Mexico deal made
(Reuters) – The United States and Mexico agreed on Monday to a sweeping trade deal that pressures Canada to accept the new terms on autos trade, dispute settlement and agriculture to keep a trilateral North American Free Trade Agreement (NAFTA). U.S. Trade Representative Robert Lighthizer said the White House is ready to notify the U.S. […] Read more
Aussie drought props up peas
Canadian yellow peas are receiving support from a different crop grown on the other side of the world. Drought is taking a toll on Australia’s wheat crop. The United States Department of Agriculture forecasts 22 million tonnes of production, which is well below the previous five-year average of 25 million tonnes. That has led to […] Read more
Non-GM soybean market requires more acres
In 2017, farmers in Ontario and Quebec planted around four million acres of soybeans. About 25 percent of the beans, or one million acres, were non-genetically modified. Those soybeans are designated as food grade and are used to make products such as soy milk and tofu. Non-GMO, or identity preserved (IP) soybeans, are a huge […] Read more
Measures advised to help protect against falling loonie
Do you know how the Turkish crisis is going to work out? Me neither. But while I get to watch the situation in a professional capacity, getting intellectual joy out of it, you get to worry about how it is going to affect the value of hundreds of thousands or a couple of million dollars […] Read more
Swine fever outbreak in China complicates soybean trade with U.S.
Tensions in the oilseed market over the United States-China trade war eased a little last week on word that a Chinese trade negotiating delegation would visit the U.S. this month and reports that cargoes of soybeans delayed off China’s shore were finally being unloaded in port. But important questions remain: Will China and the Trump […] Read more
Demand to rise for domestic, export sales for malt barley
There should be robust demand for malt barley in 2018-19, say analysts. “There will be good demand both domestically and (for) export,” said Rod Green, a barley broker with Central Ag Marketing Ltd. Domestic maltsters contracted a large amount of new crop malt barley. They also carried over a lot of old crop malt barley, […] Read more
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