Markets
BUENOS AIRES, Nov 8 (Reuters) – Argentine grains exporters have asked the government to identify farmers who are growing drought-resistant genetically modified (GM) wheat, so they can halt sales from those areas until top importer Brazil approves the technology. Exporters say if any GM wheat is shipped from Argentina, all international sales of the grain […] Read more
Markets
Growth in global pulse trade brings expanded pulse data reporting
The International Grains Council is expanding its reporting on pulse crops. The IGC started collecting more information on pulses in 2019, publishing a bimonthly update on the global pulses trade outlook and a production forecast for dry peas, lentils and chickpeas in its Grain Market Report (GMR). It also publishes supply and demand projections for […] Read more
Fund money returns to grain, oilseeds
Analysts believe inflation worries are behind investor interest in key commodities that comprise consumer price index
Fund money is flowing back into the grain and oilseed sectors after a six-month exodus, and that should help prop up prices for a while, say analysts. “It’s starting to come back in very small doses,” said Darin Newsom, president of Darin Newsom Analysis Inc. A lot of investment money began exiting grain and oilseed […] Read more
Chinese expected to require less feed wheat
Falling corn prices are reducing wheat’s advantage as a feedgrain, but demand for the crop remains high among millers
Feed wheat use will be down in China this year, but milling wheat demand should be robust, says an analyst. Corn prices in Shandong province, which is an animal feeding hub, have converged with wheat prices after a strange year where they were at a sizeable premium to wheat, according to a recent Reuters report. […] Read more
Fall rain brought relief to parched Dakotas and Manitoba
October rains brought much-needed drought relief to portions of the American Northern Plains and Canadian Prairies. The welcome fall precipitation was particularly plentiful in the Dakotas, western Minnesota and central and southern Manitoba. “This rain event that took place across these areas was huge in at least reducing some of the fear that we wouldn’t […] Read more
Spring wheat breaks above long-held price points
Minneapolis spring wheat nearby futures marked a milestone last week, climbing above US$10 per bushel, passing the 2012 high and set to challenge the June 2011 high of more than $11. That current Minneapolis price has resulted in a Canadian elevator price of around C$12 last week, according to PDQinfo.ca. It is still a long […] Read more
Online marketplaces believe they help keep things messy
The Canadian Wheat Board ran a nice, tidy market. It was a taker’s market, taking whatever wheat farmers grew and then selling it. It was a nice, clean situation — for the CWB. The big grain companies today would no doubt like to do the same. They would like farmers to focus on growing the […] Read more
La Nina not expected to hurt Brazilian corn
The weather phenomenon had a disastrous impact on country’s corn crop last year but is not behaving the same this year
La Nina led to a disastrous Brazilian corn crop this year but that won’t be the case in 2022, says an analyst. The U.S. National Oceanic and Atmospheric Administration says La Nina conditions have developed and there is an 87 percent chance they will remain in place in the December 2021 through February 2022 period. […] Read more
Palm oil production expected to rebound in 2022
Palm oil production is expected to rebound in Malaysia and Indonesia in 2022 providing some relief to the vegetable oil shortage, says an international analyst. Sathia Varqa, owner and co-founder of Singapore-based Palm Oil Analytics, expects a five to eight percent increase from 2021 levels in Malaysia and a three percent hike in Indonesia. Indonesia […] Read more
Canfax report
This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattlemen’s Association. More market information, analysis and statistics are available by becoming a Canfax subscriber by calling 403-275-5110 or at www.canfax.ca. Fed market soft The cash market was lacklustre last week with soft buying interest and unenthusiastic feedlot […] Read more
