Markets
SINGAPORE, Nov 23 (Reuters) – Early harvest results for Australia’s near record wheat crop are showing lower-than-expected protein levels, raising concerns over supplies to a market already suffering shortfalls from key Northern Hemisphere exporters. Australia is expected to be a key wheat exporter in the 2021-22 season, but heavy rains hampered harvesting in some areas […] Read more
Markets
Wheat highest in almost 9 years on supply worry; soybeans, corn firm
HAMBURG, Nov 22 (Reuters) – Chicago wheat futures rose to their highest level in around nine years on Monday as shrinking supplies in top global exporters underpinned the market. Soybeans and corn also rose, gaining some spillover support from wheat. “There is problem in getting good-quality wheat,” said one Singapore-based trader at an international trading […] Read more
Europe: Significantly boost pulse production
Pulse production in the European Union is expected to grow at a steady clip over the next decade, reducing the need for imports, according to two industry officials. Cor Hage, trader with AGT Foods Europe, said EU pulse production is expected to expand to 6.3 million tonnes by 2030, up from about 4.5 million tonnes […] Read more
Canola prices called ‘tempting’
MarketsFarm analyst Mike Jubinville thinks new crop canola prices in the range of $18 to $19 per bushel are pretty darn attractive. “How could you not be tempted to do something?” he asked delegates attending a recent webinar. “I mean, those are fantastic prices.” He acknowledged that some farmers in dry regions of the Prairies […] Read more
Soybean demand slump lowers prices
New crop shipments and sales commitments for U.S. soybeans are 33 percent below last year as Chinese sales drop off
Soybean prices have been plummeting on China’s Dalian Commodity Exchange and that is a bad omen, says a leading grains and oilseeds analyst. “Something has happened to demand in China,” DTN’s lead analyst Todd Hultman told attendees of a recent webinar hosted by the company. Back in September he told a group of farmers in […] Read more
Europe doubles down on renewable energy
Canadian growers would likely benefit from the new measures if the EU focuses on biofuel that uses crops such as canola
The European Commission wants to double the amount of renewable energy sources in its overall energy mix but it remains uncertain what that might mean for Canadian canola demand. Earlier this year the commission published a proposal to revise the Renewable Energy Directive to include a target of 40 percent renewables by 2030, up from […] Read more
Canadian beef exports at record pace, pork also strong
It is a tough year for Western Canada’s beef cattle producers, who saw pastures wither under intense summer heat and drought, which also caused feedgrain and forage prices to soar, making it difficult to maintain breeding herds. But one part of the beef chain is having a record year — exports. Pork exports are also […] Read more
Interprovincial trade barriers require concerted effort
We spend a lot of time complaining about foreign trade barriers and defending our own barriers to foreign imports. But maybe there’s a closer way to liberalize agriculture trade. “It almost feels like we’ve forgotten to take care of business here at home,” said Jared Carlberg, a University of Manitoba agricultural economist during a panel […] Read more
Alarm grows over EU’s ‘farm to fork’ policy
Exporting nations become increasingly worried the bloc plans to keep out food not produced under its production regime
Europe’s attempts to impose its approach to agriculture on the world are a threat to other leading agricultural powers, says a leading American trade expert. The “farm to fork” policy of the European Union could push restrictive EU regulations onto anybody hoping to export agricultural goods into the vast market. “I’m frustrated that there’s this […] Read more
Troubled Aussie wheat creates new wrinkle
The supposed saviour of the wheat market is in trouble. Heavy harvest rain is causing extensive quality damage to Australia’s crop in northern and central New South Wales and Queensland, said MarketsFarm analyst Bruce Burnett. “It is not a good situation there,” he told participants attending a recent webinar. The re-emergence of La Nina is […] Read more
