BRANDON — Canadian producers looking for challenging growing conditions elsewhere in the world to prop up commodity prices may be disappointed in 2020. “If you’re looking for any help from South America for your canola or soybeans or corn, you’d better look somewhere else,” said Drew Lerner, president of World Weather Inc., at Manitoba Ag […] Read more
Stories by MarketsFarm
Grain exports lagging
WINNIPEG (MarketsFarm) — Canadian grain exports from licensed facilities are running well behind the previous year’s pace, due primarily to a sharp reduction in movement to China, according to latest monthly data from the Canadian Grain Commission. Total 2019-20 crop year (August to July) exports of Canada’s grain, oilseed and pulse crops as of the […] Read more
Ukrainian pulses wane
WINNIPEG (MarketsFarm) — There has been a marked decline in the amount of pulses grown by farmers in Ukraine over the last couple of years. The changes were highlighted in an article written for the Global Pulse Confederation by Sergey Feofilov, director general of UkrAgroConsult. Feofilov noted total pulse production in Ukraine dropped almost 25.9 […] Read more
Aussie wheat faces troubles
WINNIPEG (MarketsFarm) — It’s not looking good for Australia’s wheat crop this year and reasons go beyond the ongoing drought. As production in Australia has been on the decline, it’s also losing its market share of global exports, the United States Department of Agriculture attaché recently reported. Released on Jan. 31, the report stated Australia’s […] Read more
Indonesia finds new palm area
WINNIPEG (MarketsFarm) — There are 4.20 million more acres of palm oil plantation area in Indonesia than originally estimated by the country’s ministry of agriculture. In turn, palm oil production is expected to increase as well. The total amount of land in 2019 was now pegged at slightly more than 40.48 million acres. The increase […] Read more
Canadian oat area set to rise
Winnipeg,(MarketsFarm) – Solid prices, growing demand and a desire for risk aversion should see Canadian farmers seed more oats in 2020, with early signs pointing to the largest oat crop in more than a decade. Agriculture and Agri-Food Canada predicted 2020 oat area at 3.93 million acres in its January report, which would be a […] Read more
CBOT soybeans/corn waiting for next big thing
Winnipeg,(MarketsFarm) – Soybean and corn futures at the Chicago Board of Trade have recovered off of nearby lows, but remain rangebound overall waiting for fresh news to push values one way or the other. The United States Department of Agriculture holds its Agriculture Outlook Forum on Feb. 20-21. The agency’s first acreage and supply/demand estimates […] Read more
USDA lowers U.S. soybean/wheat ending stocks, corn unchanged
Winnipeg,(MarketsFarm) – The United States Department of Agriculture lowered its 2019/20 projections for U.S. soybean and wheat ending stocks in its latest World Agriculture Supply and Demand Estimates report (WASDE), released Feb. 11, but kept the corn carryout projection unchanged. Soybean stocks at the end of the current marketing year are now forecast at 425 […] Read more
Scoular to sell edible bean business
Winnipeg,(MarketsFarm) – The Scoular Company has entered into an agreement to divest its edible beans business to Michigan-based Cooperative Elevator Co., the companies announced in a press release Feb. 7. Scoular’s edible bean business includes processing plants in Plum Coulee and Morden, Man. It also has a plant in St. Hilaire, Minnesota, and receiving stations […] Read more
Western Canadian wheat: Lower loonie strengthens Prairie bids
WINNIPEG,(MarketsFarm) – Wheat bids in Western Canada for the week ended Feb. 6 were up for Canadian Western Red Spring Wheat (CWRS) and Canada Prairie Red Spring (CPRS). Bids for Canadian Western Amber Durum (CWAD) were steady to higher. The Canadian dollar was down by approximately four-tenths of a cent during the week. Average CWRS […] Read more
