Markets
Prairie yields are expected to take a beating this year No hands went up when MarketsFarm analyst Bruce Burnett asked farmers if their yields will be as good as last year. One grower said his would be one-quarter of what they were a year ago. “I drove through some of those areas,” Burnett said during […] Read more
Markets
Russia sends first pea shipment to China by boat
Exports had previously moved by rail and truck since the two countries signed a phytosanitary agreement last year China has cleared the first ocean vessel of Russian peas, according to a trader of the crop. A ship loaded with 55,000 tonnes of peas that sailed from the Port of Novorossiysk has passed inspection by China’s […] Read more
Ukraine says it still has export options
Farm group says country is already preparing to use river ports now that Black Sea Grain Initiative has been cancelled
Canada’s port workers union leadership backs new contract deal
(Reuters) — The leadership of the port workers union in British Columbia has backed a tentative contract agreement with employers and will recommend the ratification of the contract to members, likely ending a standoff that led to a 13-day strike. On Tuesday, “there will be a stop work meeting … to recommend the Terms of […] Read more
New option could make AgriStability simpler
Changes could be coming for AgriStability participants after agriculture ministers agreed to an optional new model at their annual meeting in Fredericton. Federal agriculture minister Marie-Claude Bibeau said this should make the program simpler and more responsive. Few details are available, but provinces could choose to use a cash or accrual accounting method, she said […] Read more
World may be facing wheat shortage this year
Wheat is finally becoming a “sexy” crop after years of being the ugly duckling, says an analyst. Stephen Nicholson, global grains and oilseeds strategist for Rabobank, said a series of supply side threats is making things exciting. Canada’s crops are withering in the fields. MarketsFarm is forecasting 30.4 million tonnes of all wheat production, well […] Read more
Chickpeas face Russian headwinds
Producers in Russia are expected to grow a big kabuli crop this year, which will likely lower prices for Canadian farmers
Canada will face stiff competition from Russia in kabuli chickpea markets in 2023-24, according to a panel of experts. Russian growers are expected to harvest 501,000 tonnes of the crop, up from 434,000 tonnes last year and 324,000 tonnes two years ago. Russia grows small-calibre chickpeas that compete with Canadian product in overseas markets. “With […] Read more
USDA corn yield estimate still too high: analyst
The U.S. Department of Agriculture’s latest U.S. corn yield estimate does not reflect reality, says an analyst. The USDA dropped its national average corn yield for 2023-24 to 177.5 bushels per acre, down from its forecast of 181.5 bu. a month ago. DTN lead analyst Todd Hultman thinks that is still too high. He thinks […] Read more
Brazil moves into top spot in world corn export market
Corn growers in the United States are not relinquishing their crown just yet. Brazil is taking over as the world’s top corn exporter in 2022-23 for only the second time in history. The previous year was 2012-13 when there was a severe drought in the U.S. Brazil’s exports in 2022-23 are estimated at 56 million […] Read more
Grain corridor closure would affect crop prices
Russia cancels deal allowing Ukraine to ship grain through Black Sea, which will likely reduce supply of three major crops
Russia is pulling out of the Black Sea Grain Initiative and that could have a profound impact on three crops Canadian farmers grow, says an analyst. A total of 32.9 million tonnes of Ukrainian grain have flowed to markets around the world through the United Nations brokered deal, including nine million tonnes of wheat and […] Read more
