Markets
PARIS, (Reuters) – Wheat futures plummeted from Chicago to Europe on Wednesday after Russia said it would resume its participation in a deal to export grain from war-torn Ukraine after suspending it over the weekend in a move that had threatened global food supplies. The Chicago Board of Trade (CBOT) most-active wheat contract fell 6 […] Read more
Markets
Wheat climbs 6 percent after Russia quits Black Sea pact
SINGAPORE/PARIS (Reuters) - Chicago wheat futures jumped 6 percent and corn rose more than 2 percent on Monday as Russia’s withdrawal from a Black Sea export agreement raised concerns over global supplies. The most active wheat contract on the Chicago Board of Trade (CBOT) was up 6.1 percent at US$8.79-1/2 a bushel at 1221 GMT, having touched […] Read more
Ukrainian farmers’ troubles could keep wheat prices high
Bruce Burnett is bullish wheat due to the ongoing war in Ukraine. There are reports that Ukraine’s farmers will decrease winter wheat planting by 30 to 40 percent, which would be a significant market factor in 2022-23. “The reduction in the Ukraine crop makes it very difficult for the world to reach the kind of […] Read more
Analyst waits for canola price to make next move
Mike Jubinville is waiting for canola to break out of its current range before selling more of the crop. January canola futures prices seem to have stabilized in the $860 to $880 per tonne range, the MarketsFarm analyst said during the firm’s Oct. 27 Managing Crop Markets in Turbulent Times webinar. “MarketsFarm is currently 30 […] Read more
India’s pulse crop disappoints
India’s current pulse crop is disappointing, and that could mean strong lentil demand, says an analyst. The government is forecasting 8.4 million tonnes of kharif (summer) pulse production, which is well below its target of 10.5 million tonnes. “India will certainly face tight supplies of domestic kharif pulses in 2022-23,” Guruswamy Chandrashekhar, senior editor of […] Read more
Lower EU rapeseed yields open doors
Demand for canola expected to be strong this winter as the EU looks for fuel and feed due to drought and war
The United States Department of Agriculture is forecasting strong canola demand from the European Union in 2022-23 and noted that Canada could be gaining ground in that market. At first it appeared as though the EU was going to have a big increase in production. Farmers there planted 10 percent more rapeseed than the previous […] Read more
Friend-shoring, home-shoring, off-shoring trends a challenge
Canada depends on trade and the latest, friend-shoring, might benefit from Canada’s friendly reputation
“Friend-shoring” should be easier for Canada than most countries, some think, because Canada has been trying to follow that approach for years. “I think it’s similar to where we’ve already been focused,” Greg Northey, Pulse Canada’s director of industry relations, said in an interview. “Canada (should) benefit from something like this because we are a […] Read more
Black Sea flax back to compete with Canada
Kazakhstan’s production is up and that will undermine Canadian sales globally, but Canadian crop quality is high
Kazakhstan will be active in the flax market again this year and that could keep a lid on Canadian prices, say grain analysts. APK Inform is forecasting that Kazakhstan will export 470,000 tonnes of the oilseed in 2022-23, which would be a three percent increase over last year. To put that in perspective, Agriculture Canada […] Read more
The factors that could lift canola futures above $900
Recent strength in the vegetable oil market helped November canola futures almost reach $900 per tonne last week, the highest level since early summer. Soybeans and soymeal futures showed little spark in recent weeks as the American harvest progress keeps a lid on the market, but soy oil has shown life, giving a welcome boost […] Read more
Externalities: farmers caught in the middle
Farmers have the honour of being a textbook example of a group of people who inhabit a crucial but seldom discussed (by the public) economic concept: Externalities. It’s something that could bring or cost farmers lots in the future. It’s the concept of costs or benefits of something being unrecognized in the price or cost […] Read more
