One of the largest buyers of Canadian wheat has a problem with the quality of the product. Peru purchased more than one million tonnes of Canadian wheat in 2017-18, making it Canada’s sixth largest customer. “We normally don’t think of Peru as a strong export market but they are,” said Cam Dahl, president of Cereals […] Read more
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Don’t discount Russian wheat export restrictions; analyst
Russian wheat export controls are still in the cards despite reports of a bigger crop, says an analyst. The United States Department of Agriculture recently bumped up its Russian wheat production estimate by three million tonnes to 71 million tonnes. That is 16 percent below last year’s record crop. There have been rumours that Russia […] Read more
Nitrogen prices rising as supply shrinks, demand remains
Fertilizer industry executives say urea supplies will become tighter in 2019 and beyond. The combination of vastly reduced exports out of China and the slowdown in new capacity coming on line is closing the gap between supply and demand and driving prices higher. China exported 2.4 million tonnes of urea in the 12 months ending […] Read more
ASEAN trade deal lurks in shadows
Two free trade agreements are garnering most of the headlines, but there is another, lesser known potential agreement that has piqued the interest of some Canadian farm groups. Canada is in the midst of contentious negotiations on a revised North American Free Trade Agreement (NAFTA) and has yet to ratify the Comprehensive and Progressive agreement […] Read more
New herbicide OK for canola
Canola growers will have access to a new herbicide for controlling cleavers in 2019. BASF will be selling Facet L, a liquid formulation that can be used as both a pre-seed and an in-crop herbicide up to the six-leaf stage of development. The company had been waiting for the CODEX Alimentarius Commission to establish a […] Read more
Diesel prices could soar
Pending environmental regulations in the shipping industry will drive up diesel prices and ocean freight rates, says an analyst and a shipping industry official. The United Nations’ International Maritime Organization is instituting a cap that will limit marine fuel sulfur emissions to 0.5 percent starting in 2020, down from 3.5 percent currently. To meet the […] Read more
Biofuel sector hopes for big role in clean fuel strategy
Environment Canada is scheduled to release details of its proposed clean fuel standard this week. It is holding meetings with stakeholders in Ottawa, where it will disclose particulars, such as what share of the 30 million tonne reduction in carbon emissions by 2030 will be allocated to each fuel stream. “That’s something that people have […] Read more
Hog disease may spoil soybean party
A price rally is expected after the China-U.S. trade war is resolved, but African swine fever could slash need for hog feed
Soybean prices could rally as much as $1.50 per bushel once China and the United States sort out their trade spat, but the rally will be short-lived, says an analyst. Soybean prices are mired near 10-year lows despite record U.S. summer crush and export programs because China has stopped buying U.S. product as a tariff […] Read more
Prairie canola likely avoids frost damage
Mother Nature got hearts racing last week when temperatures dipped below freezing across the Prairies. Alberta and northwestern Saskatchewan experienced frost the morning of Sept. 4. The following morning the mercury dropped below zero in a number of locations from the Peace region right through to western Manitoba. About half the crop was still standing […] Read more
Soybean oil glut in U.S. helps keep lid on canola prices
Farmers advised to cope with the situation by selling canola regularly rather than holding back waiting for higher prices
Canola price prospects are flat at best because of an abundance of U.S. soybean oil, says a grain market analyst. John Duvenaud, publisher of the Wild Oats Grain Market Advisory, said a record 125 million tonne soybean crop in the United States and a huge crush program in that country will keep a lid on […] Read more
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