Markets
Disruptions in Black Sea potash exports will have little impact in the near-term but could play a significant role in determining the fate of South America’s next soybean crop, according to a report by RaboResearch. All overseas flow of fertilizer for the spring season in the Northern Hemisphere has already taken place. Movement is now […] Read more
Markets
More Canadian wheat acres, less canola in 2022: StatCan
WINNIPEG (MarketsFarm) — Canadian farmers intend to plant more wheat and less canola in 2022, according to the first survey-based estimates from Statistics Canada for the upcoming crop year released today. Canola area is forecast at 20.9 million acres by the government agency, which would be down by seven per cent from the previous year […] Read more
Effects of Indonesia’s palm oil export ban still uncertain
A tight vegetable oil market just got a whole lot tighter but it may not have much impact on already sky-high canola prices, says an analyst. Indonesia has banned the export of certain types of palm oil effective April 28. Traders were initially stunned that a country responsible for 56 percent of world palm oil […] Read more
Buyers can’t replace Indonesian palm oil shortfall
MUMBAI, April 25 (Reuters) – Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia’s surprise palm oil export ban forced buyers to seek alternatives, already in short supply due to adverse weather and Russia’s invasion of Ukraine. The move by the world’s biggest palm oil producer to ban […] Read more
EU, Russia expect big wheat crops
The world’s top two wheat exporters will likely have more crop to ship in 2022-23, says an analyst. The European Commission forecasts that the European Union will export a record 40 million tonnes of wheat next crop year. Bilal Muftuoglu, analyst with Argus Media, said the previous record was 36 million tonnes, so that would […] Read more
China eyes going off Canadian wheat
A study suggests Canadian imports are too risky because of American influence and suggests buying from Russia instead
A business publication controlled by the Chinese Communist Party is suggesting that China should wean itself off of Canadian wheat in favour of Russian wheat. Yicai reported on a study by China Agriculture University stating that, while Canada has low wheat prices and good quality, importing Canadian wheat poses a high risk because “Canada’s affairs […] Read more
Ukrainian war expected to reduce barley supply
Analysts expect the country’s production of the crop to fall by 35 percent this year and exports to decline by 47 percent
There is one crop that has been largely ignored when it comes to talking about the ramifications of the war in Ukraine. “The barley market is not getting the attention it deserves and I think it’s going to be very firm,” said Neil Townsend, analyst with FarmLink Marketing Solutions. “It’s not getting much play because […] Read more
Put options could be answer for delivery contract jitters
Tool allows farmers to lock in a floor price without the risk of having to pay buyout penalties in case crop comes up short
Analysts are encouraging farmers to consider put options for marketing this year’s canola crop. “For producers reluctant to forward contract before harvest, with last year’s drought in vivid memory, a put option is worth considering,” Neil Blue, provincial crops market analyst with Alberta Agriculture, said in a recent Agri-News article. It is a way to […] Read more
Declaring a sector an essential service would be tricky
I was surprised to see quite a few farmers and agriculture folks showing support for the “trucker” protests that blocked critical border crossings a couple months ago. I don’t think I’d have been as surprised if I hadn’t seen many of the same sorts of producers outraged by the railway blockades that strangled much of […] Read more
Market prices rise further to encourage maximum seeding
The market has been trying to buy corn acres away from soybeans since the U.S. planting report, but the message does not extend to canola, which has kept pace with the rise in corn futures. From March 30, the day before the U.S. Department of Agriculture prospective planting report up to April 15, new crop […] Read more
