Chip Nellinger has one central piece of advice for grain farmers heading into the 2021-22 crop year — fasten your seatbelts. “It’s going to be a real volatile, bumpy ride in my opinion this spring and summer,” the Blue Reef Agri-Marketing analyst said during the United States Farm Report segment of the 2021 Commodity Classic […] Read more
Author Archives
Canola prospects rise as demand strengthens
Canola growers can look forward to another year of robust demand from the European Union and reduced competition from a major exporter in 2021-22, say analysts. Oil World forecasts rapeseed area in the EU 27 will be down slightly to 12.84 million acres, a 4.6 percent drop from last year and well below the 17.28 […] Read more
ASF may boost China’s corn imports
Producers removed 30 million tonnes of food waste from their hogs’ diets following the African swine fever outbreak
Heading into 2020-21, analysts were convinced that African swine fever would minimize China’s corn imports. They were wrong. What it did was eliminate about 30 million tonnes of food scraps being fed to hogs in that country, said Bryan Lohmar, China director for the U.S. Grains Council. Instead, rations comprising corn and soybeans have now […] Read more
Reduced demand, seller reluctance slow lentil exports
Canada is expected to export about 500,000 tonnes by the end of the crop year, leaving 300,000 tonnes of carryout
Lentil exports have slowed due to reduced buyer demand and a grower willingness to hold onto the crop, says a panel of experts. Canada shipped out 750,000 tonnes of red lentils between August and December 2020, Rav Kapoor, chief executive officer of ETG Commodities, said during the India Pulses and Grains Association’s recent National Pulses […] Read more
Kabuli acres likely to fall as supply tightens
Chickpea prices are projected to increase as supplies come down, but other crops are expected to steal acres this spring
Importers of kabuli chickpeas will have a tough time finding adequate supply of the crop in 2021-22, says a panel of experts. “We are certainly seeing a bullish scenario across the world for the kabuli chickpea crop,” Rajat Sarda, managing director of Rajat Agro, said during the India Pulses and Grains Association’s recent National Pulses […] Read more
Argentina may have dodged La Nina bullet
The weather phenomenon is strong this year, and some think corn, soybean crops suffer less damage when that happens
It appears that La Nina won’t be taking too big of a toll on Argentina’s corn and soybean crops, and the reason may seem counter-intuitive, says a weather expert. La Nina weather events are often associated with drought in Argentina and southern Brazil. However, researchers have discovered a surprising correlation between the intensity of the […] Read more
Wheat growers eye Indonesian trade talks
The Asian country typically accounts for about two million tonnes, or 11 percent, of Canada’s annual wheat exports
The wheat sector is excited about the prospect of Canada entering into trade agreement negotiations with Indonesia. Global Affairs Canada announced earlier this year that it was launching public consultations on a possible bilateral trade deal with Canada’s largest export market in Southeast Asia. China was Canada’s top wheat market in 2020 but Indonesia has […] Read more
Farmers urged to lock in prices soon
Ed Usset has some advice for growers on how to ride today’s bull market. Many farmers make the mistake of using last year as a guide for when to sell in the upcoming year. Usset, who is a grain marketing economist with the University of Minnesota, thinks a better idea is to look at the […] Read more
U.S. soybean sector upgrades quality calculator
It is time for soybean buyers to change the way they value the crop, says the U.S. Soybean Export Council. Buyers have been using a crude protein test developed in 1860 as the main parameter for determining the value of soybeans from different origins. Soybeans from the United States are more expensive and have lower […] Read more
U.S. soy sector has high hopes for Biden administration
The American Soybean Association thinks it may have a receptive ear in Washington when lobbying on some of its key policy objectives. That is because president Joe Biden’s administration is keenly focused on addressing climate change and promoting sustainability programs. Steve Censky, chief executive officer of the ASA, hopes that means the U.S. Environmental Protection […] Read more
