Markets
KIEV, Dec 4 (Reuters) – Ukrainian agriculture consultancy UkrAgroConsult on Monday increased its forecast for Ukraine’s 2017-18 rapeseed exports by about 20 percent to two million tonnes after a bumper harvest. The rapeseed crop has jumped by 85 percent to 2.2 million tonnes in 2017, the consultancy said in statement, adding that Ukraine had already […] Read more
Markets
Analyst raises Ukraine 2017-18 rapeseed export forecast by 20 pct
Canola up Monday on dry Argentina
A strong day for soybean meal overcame weakness in soybean oil to give canola a respectable gain Monday. Weakness in the Canuck buck also helped keep canola futures positive. Soybeans rose as well, whilst wheat contracts and corn fell a few cents. Trade in canola futures is expected to decline tomorrow as people get […] Read more
LIVESTOCK-CME live cattle futures tumble on long liquidation
CHICAGO, Dec 1 (Reuters) — U.S. cattle futures fell to a one-month low on Friday on fund-driven long liquidation and worries about declines on Wall Street, while hog futures firmed in largely technical trade, traders and analysts said. Live cattle fell despite higher wholesale beef values. Choice-grade wholesale beef prices rose $1.35 to US$205.99 per […] Read more
Canola falls one percent on the week, loonie rallies
Canola futures fell Friday, mostly because of a strong gain in the Canadian dollar following a better than expected monthly jobs report. January canola closed down $3.50 at $506.10 For the week, the January contract fell $4.90 or about one percent. The soybean complex rose today on concern about a forecast for dry weather in […] Read more
Monster storm threatens Australia’s wheat crop
SYDNEY/SINGAPORE, Dec 1 (Reuters) — Heavy rains in eastern Australia forecast to intensify over the weekend are threatening to wipe out or damage up to four million tonnes of wheat due to be harvested soon, with many grain storage sites forced to close. Most of the state of Victoria and parts of the states of […] Read more
Falling pea, lentil prices likely to take toll on acreage: analysts
Pulse acres are expected to plunge next year, losing ground to competing crops like canola and wheat, say analysts. Brian Clancey, editor of Stat Publishing, forecasts that peas will be down about one million acres in the wake of India slapping a 50 percent import duty on the crop. He said with India unlikely to […] Read more
Canola futures drift lower Thursday
Canola futures continued to trade in a narrow range on Thursday as the trade expects Statistics Canada will make only a modest increase in its canola production estimate next week. The U.S. Environmental Protection Agency issued its biofuel targets today. The targets are mostly unchanged from the original plan, but at one point recently the […] Read more
Canadian processors strangely quiet on online grocery opportunities
It appears consumers around the world are increasingly turning to online venues to do their shopping. The headlines out of the United States about the big Black Friday retail push this past weekend emphasized the growing market share of online retail. Groceries are not excluded from this trend, and major food companies are starting to […] Read more
China snapping up barley exports
Bulk barley exports are more than double last year’s pace de-spite a smaller overall crop. Canadian exporters shipped out 542,000 tonnes of the crop through Week 15 of the 2017-18 crop year, compared to 240,000 tonnes the same time last year. That is a 126 percent increase despite a drop in total supply of the […] Read more
China’s soybean demand will eat higher U.S. yields
Soybean production in North America has likely started to surge, but that is OK because China’s demand will keep pace. Those thoughts were floating around the Grain World conference Nov. 15, as analysts and grain trade players tried to spot future trends. Bill Lapp of Advanced Economic Solutions said he suspected soybean yields have begun […] Read more
