Markets
Sources last week said Bunge and Glencore Plc-owned Viterra were in talks for a potential mega deal that would further consolidate global agriculture trading and bring Bunge closer in global scale to leading rivals Archer-Daniels-Midland Co. and Cargill Inc.
Markets
WP livestock report
Hogs The U.S. national live price average for barrows and gilts May 26 was $62.43; on May 18 it was $64.12. U.S. hogs averaged $75.69 on a carcass basis May 26, down from $78.98 on May 18. The U.S. pork cutout was $82.20 per hundred weight May 26, down from $83.73 on May 18. The […] Read more
Canfax report
This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattlemen’s Association. More market information, analysis and statistics are available by becoming a Canfax subscriber by calling 403-275-5110 or at www.canfax.ca. Fed record shattered Dressed sales were reported from $397-$400 per hundredweight last week, shattering the old record […] Read more
Chickpea price here determined by Turkey, Russia crop
Canadian kabuli chickpea prices in 2023-24 will largely depend on what happens in Russia and Turkey, says a processor of the crop. Colin Young, manager of Midwest Investments, a chickpea cleaner in Moose Jaw, Sask., said those are Canada’s two top competitors and global kabuli chickpea supplies are tight. “If one of those two countries […] Read more
Analysts see promise in this year’s growing season
North America’s spring wheat crop is late getting in the ground, but production prospects still look promising, say analysts. Farmers in the United States were 64 percent done seeding as of May 21, according to the U.S. Department of Agriculture. That is below the five-year average of 73 percent. Growers in Saskatchewan were 68 percent […] Read more
Grain trader Viterra in talks to merge with rival Bunge – source
Global grain trader Viterra is in talks to merge with U.S. rival Bunge Ltd, according to a person familiar with the matter. There is no certainty that Viterra, part-owned by Switzerland-based mining and trading giant Glencore, will be able to reach an agreement on the terms of a deal, the source said, requesting anonymity as […] Read more
Fertilizer market stabilizing, say major suppliers
Urea prices are down 40 percent since the spring of 2022, while anhydrous prices have plummeted 42 percent, according to DTN.
Russian wheat exports set torrid pace
Country could be the world’s largest exporter in 2022-23, topping the EU’s 34.5 million tonnes and Australia’s 31 million
Sergiy Kyslytsya, Ukraine's permanent representative to the United Nations, recently told a meeting of the UN Security Council that Russia is blackmailing the world by disrupting the Black Sea Grain Initiative and pretending to suffer from its existence, while in fact its grain exports are soaring.
‘Verdict is still out’ on lentil prices this season
World’s farmers are expected to grow a huge crop, but some analysts think strong demand may offset the extra supply
Marlene Boersch, managing partner with Mercantile Consulting Ventures, said she would be reluctant to pencil in anything other than average yields for Canada, because it is far too early to forecast a bumper crop.
Stars may align for growing conditions in U.S. corn belt
This summer’s weather could depend on whether the Pacific Decadal Oscillation remains negative or becomes positive
Arlan Suderman, chief commodities economist with StoneX, said the models could be wrong, but any time there is consensus like that among two major forecasters it is unwise to bet against them.
