Analysts say proposed BRICS grain exchange is doomed to fail, comparing it to similar initiatives attempted in the past
SASKATOON — A BRICS grain exchange won’t work, say analysts. Russia’s proposal to create a new international grain exchange was recently approved by the BRICS group of countries at a summit in Russia. Related stories: Russia’s proposed grain exchange for BRICS countries may take years to launch BRICS grain cartel unlikely BRICS is an intergovernmental […] Read more
Sean Pratt
Stories by Sean Pratt
Aussie red lentil crop in trouble
SASKATOON — Canada’s top competitor in the red lentil export market is experiencing problems. AgPulse Analytica is reporting that the crop is in trouble in two key states of Australia — South Australia and Victoria. Related stories: Pulse Weekly: Lentil prices poised for drop, depends on India Canada takes reins after poor Aussie lentil crop […] Read more
Chinese trade tensions worry U.S. agriculture
SASKATOON — There is plenty of handwringing in the U.S. agriculture sector about its tenuous trade relationship with China. That was the theme of a recent webinar hosted by the Council on Food, Agricultural and Resource Economics. Related stories: • New trade war would slash U.S. exports: report • China threat on canola unpalatable, not […] Read more
Rock bottom herbicide prices expected to rise
Retailers say glyphosate and glufosinate prices are at all-time lows and will likely start to increase rather than fall further
SASKATOON — Now is a good time to buy herbicides, say retailers of the product. Johnston’s Grain is telling its clients that the crop inputs are at rock bottom prices. Related stories: “When adjusted for inflation, we’re at by far the lowest prices we’ve ever seen on glyphosate 540 and glufosinate 150,” the company said […] Read more
Russian wheat exports to fall amid crop woes
Analysts forecast 80.1 million tonnes of production next year, down from the five-year average of 88.1 million tonnes
SASKATOON — Early indications are that Russia may harvest another disappointing wheat crop in 2025. SovEcon is forecasting 80.1 million tonnes of production, down from 81.5 million tonnes this year and the five-year average of 88.1 million tonnes. Related stories: Total wheat area is forecast to remain unchanged at about 70 million acres, with winter […] Read more
U.S. looks for new soy markets amid Chinese supply shift
India's expanding poultry sector is one option for American exporters as China continues to buy more beans from Brazil
SASKATOON — The United States is eyeing new markets for its soybeans as China continues its shift to Brazilian beans. India is one up-and-coming market where the U.S. sees tremendous potential. Related stories: Poultry production is expanding by six per cent per year in the world’s most populated country, Lance Rezac, chair of the U.S. […] Read more
U.S. winter wheat drought expected to worsen
Key growing area for the crop is said to be the driest in a decade and is expected to be drier than average this winter
SASKATOON — Drought is likely to persist or worsen in the winter wheat growing regions of the United States this winter, according to one of the world’s premier weather forecasting services. A slowly developing La Nina will influence U.S. weather patterns in the December to February period, according to the National Oceanic and Atmospheric Administration’s […] Read more
Hurdles remain for canola as U.S. SAF production grows
Government says sustainable aviation fuel production and imports increased to 52 million gallons in the first half of 2024
SASKATOON — The United States is making progress on its ambitious sustainable aviation fuel target, which could help bolster the country’s demand for imported canola oil. President Joe Biden’s administration set a target of producing three billion gallons of SAF by 2030. Related stories: The U.S. Department of Energy (DOE) reports that the country had […] Read more
Used cooking oil pressures soy
SASKATOON — The United States continues to face a tsunami of used cooking oil imports from China that is undermining the country’s soybean crush expansion, says an analyst. The U.S. imported 3.2 billion pounds of UCO through the first eight months of 2024, which is double the volume for the same period one year ago. […] Read more
New trade war would slash U.S. exports: report
Canola would be the Canadian crop most directly affected by a trade war because of its link with U.S. soybean prices
SASKATOON — Grain and oilseed prices would fall if a new trade war erupted between the United States and China, according to a new report. The American Soybean Association and National Corn Growers Association sponsored the report prepared by World Agricultural Economic and Environmental Services. Related stories: The groups said there has been “considerable discussion” […] Read more
