Markets
HAMBURG, (Reuters) – Germany, in most years one of the EU’s largest grain exporters, is expected to become a net importer after a hot, dry summer damaged crops, said a report from the U.S. Department of Agriculture‘s Global Agricultural Information Network (GAIN). “The drought has heavily affected grain, rapeseed and forage production in Germany,” said the […] Read more
Markets
Germany to become net grain importer after drought – USDA
Brazil to import 1 mln tonnes of soy from U.S., says trader
SAO PAULO, (Reuters) – Brazil, the world’s No 1 soy exporter, is expected to import around 1 million tonnes of the oilseed in coming months from its largest global competitor, the United States, as local supplies dwindle, according to Sao Paulo-based grain trader Agribrasil. It would be the first time that the South American nation, […] Read more
Germany’s potato harvest falls 25 percent after drought
HAMBURG (Reuters) – This summer’s drought and heatwave will cut Germany’s potato harvest by around 25 percent on the year to about 8.7 million tonnes, the country’s agriculture ministry said on Wednesday. The reduced potato harvest is the latest in a series of bad news after German crops wilted under the highest summer temperatures since records began […] Read more
China will expand soybean production in the next 5 years
BEIJING, (Reuters) – China will further expand soybean production and reduce corn acreage in some areas in the next five years, according to an official document published by state-owned Xinhua news agency. China will stabilize production of wheat and rice during the same period of time, according to a five-year plan on rural rejuvenation published […] Read more
USDA reports not expected to shake up corn, soy and wheat markets
Winnipeg – Corn, soybean and wheat futures in the United States are awaiting the latest U.S. Department of Agriculture (USDA) reports, but traders aren’t expecting the reports to much of an effect on prices. The USDA releases its quarterly grain stocks and small grains summary reports on Friday, Sep. 28. “It basically wraps up the […] Read more
Canola rises as weather stalls harvest
Winnipeg – ICE Futures canola contracts were stronger on Tuesday, as cool and wet conditions continue to stall harvest operations across Western Canada. With about half of the country’s canola crop still unharvested and only small windows of opportunity in the immediate forecasts, the prolonged harvest is expected to keep canola underpinned until traders get […] Read more
Lentil yields looking good, worries grow over peas
WINNIPEG – It’s a mixed bag in many ways for Saskatchewan’s pulse crops this year as a dry summer and late rains have meant different things for various crops. According to one industry expert though, the overall picture doesn’t look bad. “I think overall, if you assess the entire province it will come in as […] Read more
Canola holds amidst harvest uncertainty
ICE Futures canola contracts held near unchanged in thin and choppy activity on Monday, although the bias was lower at the closing bell. Losses in Chicago Board of Trade soybeans accounted for some spillover selling pressure in canola, according to participants, with the Canadian oilseed still looking expensive compared to its United States counterpart. However, […] Read more
Hard red wheat bids rise in Western Canada
Hard red spring wheat bids in Western Canada posted solid gains during the week ended Sept. 21, as advances in the United States futures provided support and countered the bearish influence of the rising Canadian dollar. Average Canada Western Red Spring (13.5 percent CWRS) wheat prices were up by C$4 to C$7 per tonne over […] Read more
U.S. soy increases pull up canola
Winnipeg – The ICE Futures canola platform chopped around for much of Friday’s session before ending with small gains. Traders were squaring positions before the weekend. Advances in U.S. soyoil pointed the way higher for canola. Concerns over frost in Australian canola fields and a smaller European rapeseed crop helped boost values. However, canola’s front-month […] Read more
