Markets
Kazakhstan will be an active player in the flax market once again this year and that could keep a lid on Canadian prices, say grain analysts. APK Inform is forecasting that the country will export 470,000 tonnes of the oilseed in 2022-23, which would be a three percent increase over last year. To put that […] Read more
Markets
U.S. winter wheat farmers plant into dust as Plains drought persists
CHICAGO, (Reuters) - With planting roughly halfway complete, the 2023 U.S. hard red winter wheat crop is already being hobbled by drought in the heart of the southern Plains, wheat experts said. Planting plans may be scaled back in the U.S. breadbasket despite historically high prices for this time of year, reflecting rising global demand and thin world […] Read more
Global weather problems weigh on red lentil price outlook
Analysts differ on the outlook for red lentil prices. FarmLink Marketing Solutions lead analyst Neil Townsend is bullish red lentils, primarily due to heavy rainfall in eastern Australia. Australia is Canada’s main competitor in export markets. Heavy rain and flash flooding has been occurring in northern Victoria and southern New South Wales, where about half […] Read more
USDA keeps a lid on Russian wheat estimate
The United States Department of Agriculture is sticking with its Russia wheat forecast, which is far lower than the bin-buster others are projecting. The USDA kept its number at 91 million tonnes in its October World Agricultural Supply and Demand Estimates report. That estimate is at odds with official data from the Russian Ministry of […] Read more
Wheat rallies as Russia threatens to quit Black Sea grains deal
CHICAGO, (Reuters) – U.S. wheat futures rebounded on Thursday from two days of declines on concerns that a Black Sea export corridor deal may not be renewed next month, which could again disrupt grain shipments from Ukraine. Corn and soybeans pared earlier losses on spillover support from wheat and follow-through buying after the U.S. Department […] Read more
More forward selling recommended
Jacob Shapiro woke up to two big market developments the morning of his FarmLink webinar presentation. There was a Reuters report that Russia is preparing to back out of the Black Sea grain corridor deal, which allows Ukraine’s grain to leave the war-torn country by ship. And there was another report that inflation continued to […] Read more
Canola’s course may be set in Brazil, Indonesia
Producers who want to know where canola prices are heading this winter should pay close attention to Brazil’s soybean crop, says an analyst. Canola prices disconnected from soybean prices last year with the premium soaring as high as $400 per tonne because of Canada’s drought. But the return to a normal crop in 2022 will […] Read more
Wheat training tour returns to Africa
Cereals Canada officials recently visited Kenya in an attempt to re-establish face-to-face relationships with foreign buyers
After an interruption of nearly three years caused by COVID-19, Cereals Canada was back on the road last month, spreading the word to foreign grain millers about the value and quality of Canadian-grown wheat. In September, a team of technical experts from Cereals Canada travelled to Nairobi, Kenya, to facilitate a training workshop for wheat […] Read more
Australian canola growers shut out of Chinese market
Canada is not the only canola exporter having difficulty with the Chinese market. China has been “effectively closed” to Australian canola due to strict import regulations, according to the Australian Oilseeds Federation (AOF). Nick Goddard, executive officer of AOF, said China started enforcing a zero tolerance policy for blackleg disease in late 2020, causing trade […] Read more
Weather, currency and energy continue to move markets
In recent columns I’ve covered the agricultural impacts of a summer of wild weather around the world, as well as stress caused by gyrating oil and gas markets and currency volatility. In this column I’ll update recent developments in these areas. Last week I noted that the Organization of Petroleum Exporting Countries was considering a […] Read more
