MOSCOW, Russia (Reuters) — Russian fertilizer producers have agreed to freeze prices at which they sell their crop nutrients to Russian farmers for the 2021-22 marketing year, which started July 1, the Russian government said in a statement on July 16. Russia, one of the world’s largest wheat exporters, has been concerned about domestic food […] Read more
Markets — page 2
Fertilizer price freeze deal reached in Russia
African swine fever found in Dominican Republic
CHICAGO, Ill. (Reuters) — African swine fever has reached the Western Hemisphere. The U.S. Department of Agriculture confirmed yesterday that the deadly hog virus was found in samples from pigs in the Dominican Republic, fuelling concerns about the disease creeping closer to the North American mainland. The news prompted the Canada Border Services Agency to […] Read more
U.S. firm attracts investors for fertilizer replacement
Reuters — A startup born in the laboratory of University of California, Berkeley, is aiming to replace synthetic fertilizers that contribute to greenhouse gases and dead zones in the ocean. Pivot Bio’s products use microbes to create and feed nitrogen to corn and wheat crops. The company said July 19 that it had raised US$430 […] Read more
U.S. reviews supply chains
WASHINGTON, D.C., (Reuters) — United States transportation secretary Pete Buttigieg is looking at ways to address supply chain disruptions, from clogged ports to addressing the shortage of truck drivers. U.S. President Joe Biden issued an executive order in February on supply chain issues. In June, the White House unveiled a Supply Chain Disruptions Task Force […] Read more
WP livestock report – July 29, 2021
HOGS The U.S. national live price average for barrows and gilts was $79.07 July 23 and unavailable July 16. U.S. hogs averaged $104.59 on a carcass basis July 23, down from $107.32 July 16. The U.S. pork cutout was $122.37 per hundredweight July 23, up from $119.94 July 16. The estimated U.S. weekly slaughter to […] Read more
Canfax report – July 29, 2021
Fed prices ease Alberta direct cattle sales saw light to moderate cash trade last week with weighted average steer prices easing $1.73 per hundredweight lower than the previous week. Last week’s cash offering was modest. Dressed prices were steady to $5 per cwt. lower than the previous week from $252-$253 per cwt. delivered. Light live […] Read more
Ukraine shines as Black Sea wheat takes hit
‘Unfriendly’ weather hurts the crop in Russia and Kazakhstan, while Ukraine expects record production but lower quality
The Black Sea region will still be a big producer and exporter of wheat this year despite recent weather challenges, says an analyst from that part of the world. SovEcon recently reduced its Russian production forecast to 82.3 million tonnes, down from its June forecast of 84.6 million tonnes and last year’s 85.9 million tonne […] Read more
Lentil prices likely to rise as India drops duty
India is slashing its import duty on lentils, opening up new trade possibilities with Canada’s top customer just before harvest. The new applied duty for most exporters is 11 percent effective July 27, down from 33 percent. The only exception is the United States, which faces a 33 percent duty, down from 55 percent. There […] Read more
Spring wheat prospects begin to fade
Canadian crop still in better shape than what’s in the ground in the U.S., but persistently dry conditions don’t bode well
The first official estimate of United States spring wheat yields could be a harbinger of what’s to come in Canada, say analysts. The U.S. Department of Agriculture forecasts an average yield of 30.7 bushels per acre, a 37 percent drop from last year. Is a similar 37 percent decline in store for Western Canada’s crop? […] Read more
Looming protein shortage boosts spring wheat demand
Protein levels in this year’s U.S. hard red winter wheat are expected to be well below average by the time farmers harvest the entire crop
Millers in the United States may be confronted with the double-whammy of a low-protein hard red winter wheat crop combined with severely curtailed spring wheat production, say analysts. An estimated 38 percent of the hard red winter wheat crop has been combined. Protein levels have averaged 11.4 percent based on 266 samples, down slightly from […] Read more
