Markets
The November soybean futures contract jumped US$74.25 per tonne on June 30, the day the report was released, while the December corn futures contract fell $33.75.
Markets
Lentil shipments to Turkey expected to shrink
Soaring interest rates and a bigger crop will likely dampen the country’s appetite for imported lentils this year.
New report to track wheat progress
Cereals Canada says Growing Season Progress Report will help buyers with seeding, crop condition and harvest updates
“The Growing Season Progress Report is a terrific way for those who are interested in the western Canadian wheat crop to quickly get all their information in one place,” Leif Carlson, Cereals Canada's director of market intelligence and trade policy, said in a recent news release.
Argentine bean crop suffers amid fourth year of drought
Production losses could be severe for one of Canada’s main competitors as a lack of rain and potential frost risk threaten
One of Canada’s key dry bean competitors will be less active in export markets in 2023-24. Horacio Fragola, a trader with Alicampo, told the Global Pulse Confederation (GPC) that Argentina is experiencing the fourth consecutive year of drought. There wasn’t enough rain for many farmers to plant pulses during the ideal seeding window between Feb. […] Read more
Canada imports high levels of grain from U.S.
Imports are down 29 percent from last year through the first eight months of 2022-23, but they still remain high
Canada’s imports of U.S. grain went through the roof in 2021-22 and remain robust in the current marketing campaign. Canada imported 13.33 million tonnes of U.S. grain in all forms last year, ranking behind only Mexico and China. Those imports were valued at US$6 billion. The volume and dollar amounts were nearly double the previous […] Read more
Agriculture moves through the eras on the Mississippi
MINNEAPOLIS — The canal today is a silted-in wetland, home to a community of songbirds, bugs, marsh plants and hardy riparian weeds that have found a home along the stone and brickwork of the broken wharf. Rising above it are the ruins of Minneapolis mills, the broken walls, rusting iron and half-hidden arches providing mute […] Read more
North American dry trend might be ready to lose its grip
As July approaches, the dominating question in crop markets is whether the dry weather that dominated the U.S. Midwest in June will continue, bringing back memories of the 2012 drought and its summer of soaring crop prices. The dry June in the U.S. Midwest shook the complacency out of the crop market and lifted prices […] Read more
Sheep market up in first quarter; down from ’22
Decline attributed to inflationary pressure on consumers, and price volatility at auction markets expected to continue
Canada’s domestic sheep and lamb market continues to get by despite being largely overshadowed by imports from the world’s two largest exporting countries, Australia and New Zealand. In Alberta, the first quarter of 2023 saw prices per hundredweight for live lamb up slightly from the same period year-over-year and remaining more than 13 percent above […] Read more
EPA’s renewable fuel rule called ‘missed opportunity’
The U.S. Environmental Protection Agency has tapped the brakes on the renewable diesel sector and the oilseed industry that feeds it, say analysts and officials. In its final rule on renewable fuel obligations, the EPA made very modest changes to its disappointing proposed rule issued on Dec. 1, 2022. It kept the 2023 biomass-based diesel […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts June 23 was 72.23. It was unavailable June 16. U.S. hogs averaged $93.04 on a carcass basis June 23, up from $85.17 June 16. The U.S. pork cutout was $97.36 per hundredweight June 23, up from $92.33 June 16. The estimated U.S. weekly slaughter […] Read more
