Markets
Durum prices are likely headed higher but it won’t be in a straight line, says an analyst. “I view it as fits and starts,” said MarketsFarm analyst Bruce Burnett. Prices will shoot up when some trades take place and then pause or even fall back slightly before the next surge. However, he has little doubt […] Read more
Markets
Ukraine 2022 winter wheat sowing 75 percent complete – ministry
KYIV, Oct 19 (Reuters) – Ukrainian farms had sown 5 million hectares of winter wheat for the 2022 harvest as of Oct 18, equating to 75 percent of the expected area of 6.68 million hectares, the agriculture ministry said on Tuesday. Winter wheat accounts for 95 percent of Ukraine’s total wheat sowing area. The winter […] Read more
Rains delay wheat planting, autumn grain harvest in China – ministry
BEIJING, Oct 20 (Reuters) – Constant rains in recent weeks have delayed wheat planting in main production regions in China, a government official said on Wednesday. China had completed 26 percent of winter wheat planting across the nation by October 19, slower by 27 percent than normal years, due to constant rains since September, according […] Read more
China posts highest Q3 pork output in three years as herd recovers
BEIJING, Oct 18 (Reuters) – China’s third-quarter pork production surged to its highest in three years, official data showed on Monday, after producers built thousands of large breeding farms last year to rebuild a hog herd decimated by African swine fever. Pork output for July-September was 12.02 million tonnes, up 43 percent compared with a […] Read more
Australian farmers sidestep Chinese tariff hit with record canola crop
SYDNEY/SINGAPORE, (Reuters) – When top barley buyer China last year slapped tariffs of more than 80 percent on imports from Australia amid a bilateral spat, grain farmers Down Under could have been forgiven for fearing tough times ahead. But a switch to canola, combined with ideal growing conditions and near record prices for the yellow-flowering […] Read more
Smoking hot U.S. soybean oil prices cool off
United States soybean oil prices have cooled off from their smoking hot summer highs. Prices that topped 70 cents U.S. per pound in June were around 60 cents as of mid-October due to lower-than-anticipated demand, says an analyst. “We’re in an interesting situation with the U.S. soybean oil balance sheet, there’s no doubt about that,” […] Read more
Egypt has five months of wheat reserves – Ministry official
Cairo Oct 18 (Reuters) – Egypt, the world’s largest wheat buyer, has strategic wheat reserves sufficient for five months of consumption, the head of the internal trade development authority told Reuters on Monday. Ibrahim Ashmawi also said the country’s strategic reserves of sugar are sufficient for six months, while rice reserves are sufficient for three […] Read more
Supply chain problems contribute to fertilizer worries
Matt Conacher has important advice for western Canadian farmers. “Over the next few months buy a good portion of your fertilizer needs and, if you can, bring it to farm to assure your supply,” said the senior manager of fertilizer with Federated Co-operatives Limited. All macro-nutrients are in short supply for a variety of reasons, […] Read more
New pea plant thrills growers
Ground has been broken on Alberta’s first yellow pea wet fractionation plant. More Than Protein Ingredients Ltd. is building a $100 million facility in Bowden, Alta., that will produce protein, starch, fibre and feedstock molasses from the crop. The plant is expected to be fully operational in the summer or fall of 2023 and will […] Read more
High-protein yellow pea almost ready
An Israeli crop-breeding firm is getting close to commercializing a high-protein yellow pea for the Canadian market. “We have lines that are around 30 percent more than you can find in the varieties that are grown now in North America,” said Avichai Amrad, project and partnership manager with Equinom. Those varieties just finished the first […] Read more
