WINNIPEG, (MarketsFarm) – There is one certainty when it comes to Brazil’s soybean crop for 2020/21 – it’s going to be massive. With the harvest well underway, a few recent projections have far exceeded the estimated 117.0 million tonnes produced in 2019/20. The forecasts came out ahead of the next grain harvest survey from Companhia […] Read more
Stories by MarketsFarm
Global population to decline after peaking by 2050
WINNIPEG, (MarketsFarm) – To Canadian journalist and author John Ibbitson, global population growth has been slowing for some time, and it likely won’t hit the 11 billion people by 2050 as envisioned by the United Nations. Ibbitson explained his take on the world’s population at the 37th annual Keystone Agricultural Producers (KAP) general meeting in […] Read more
Feed Grain Weekly: Buyers not looking to make purchases
WINNIPEG,(MarketsFarm) – Feed grain prices were beginning to soften as many buyers don’t have a major need to purchase from growers, said Nelson Neumann, senior trader for Agfinity in Stony Plain, Alta. “There’s still obviously a demand, but buyers are pretty well covered for the February-March timeframe. That’s a window where a lot of growers […] Read more
Unharvested crops skew Statistics Canada stocks data
Winnipeg,(MarketsFarm) – Canadian canola stocks were slightly tighter at the end of the 2019 calendar year compared to the previous year, according to updated Statistics Canada data. However, adverse harvest conditions left a large amount of the crop unaccounted for in the survey, which skews the overall supply/demand outlook. “Because of poor weather conditions during […] Read more
ICE canola weekly outlook: Canola correcting off of lows
Winnipeg, (MarketsFarm) – The ICE futures canola market fell sharply over the last half of January, but have turned the corner during the first few trading days of February. “I think we have room for some corrective gains,” said MarketsFarm Pro analyst Mike Jubinville on the recovery in canola. The March contract hit a session […] Read more
Looking for more pulses in 2020
WINNIPEG, (MarketsFarm) – Planting intentions for red and green lentils and other pulses were looking good for 2020. However, that might change somewhat because prices have slipped a little, said Marcos Mosnaim of Globeways Canada in Mississauga, Ont. When discussing pulse crops at a farm show in Saskatoon, Sask. last month, Mosnaim said he got […] Read more
Rye production likely won’t increase in 2020
WINNIPEG,(MarketsFarm) – While strong prices served as an incentive for farmers to plant more rye in 2019, one grower believes there won’t be as much production in 2020 due to the wet fall. “Winter cereals got seeded, but not the acres guys were planning,” said Brad White, a Saskatchewan farmer and a director with Winter […] Read more
Virus fears weigh on global shipping sector
Winnipeg,(MarketsFarm) – Global shipping rates continue to decline, hitting record lows in some cases, amid declining demand and concerns over the coronavirus outbreak in China. The Baltic Dry Index (BDI), compiled by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea. The BDI has fallen for 13 […] Read more
U.S. winter wheat mostly fair to good
WINNIPEG, (MarketsFarm) – Of the 17 states reporting data, the bulk of the winter wheat in the United States was at 29.0 percent fair and 48.1 good. The rest of those states’ crops stood at 4.2 very poor, 12.1 poor and 7.2 percent excellent, according to the state stories report issued by the U.S. Department […] Read more
Canadian grain exports behind on year due to poor Chinese demand
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 (Aug/Jul) exports of Canada’s grain, oilseed and pulse crops as of the end of December came […] Read more
