Markets
Peas and lentils are not going to be flying out the door right off the combine like they have the last couple of years, says a major processor and exporter of the crops. An oversupply of domestically produced pulses in key markets such as India and Turkey has resulted in a poor finish to the […] Read more
Markets
North Dakota wheat yields better than expected
Many areas of the state were grappling with extreme drought, but as harvest approached, producers found the crop was still in decent shape
Growers and agronomists in North Dakota were wondering in early July if any spring wheat would be produced in the western half of the state. Parts of the region were in an extreme drought: as little to no rain had fallen since April. As well, blistering heat, in the range of 35 C, scorched the […] Read moreWheat rises on bargain buying, canola drifts lower Thursday
Canola futures settled a little lower on Thursday on generally good harvest weather prospects and despite strength in soybeans. Although there is potential for thunderstorms tonight in many areas of the Prairies, the seven-day forecast looks mostly dry and warm. The Saskatchewan Agriculture crop report today said that 14 percent of the over all crop […] Read more
Russian forecaster raises wheat crop, export expectations
MOSCOW, Aug 24 (Reuters) – The huge harvest that Russian farmers are currently gathering has caused SovEcon agriculture consultancy to raise its forecast for Russia’s 2017-18 grain and wheat exports by 400,000 tonnes to 44 million tonnes and 32.4 million tonnes, respectively. Russia, shaping up to be the world’s largest wheat exporter in the 2017-18 […] Read more
Canada, Mexico dismiss Trump threats to scrap NAFTA trade pact
MEXICO CITY-OTTAWA, Aug 23 (Reuters) – Mexico and Canada on Wednesday dismissed U.S. President Donald Trump’s latest threat to scrap NAFTA, describing it as a negotiating tactic aimed at winning the upper hand in talks to update one of the world’s biggest trading blocs. At a campaign-style rally in Arizona on Tuesday night, Trump cast […] Read more
U.S. seeks WTO panel on China grain import quota dispute
BEIJING, Aug 24 (Reuters) – China felt “sorry” about the United States seeking a WTO dispute panel on China’s grain import quotas, a spokesperson for the Ministry of Commerce said on Thursday, Beijing’s first official response to the U.S. request to the World Trade Organization. “China feels sorry that the United States has given up […] Read more
VIDEO: Canada’s agricultural markets update – August 23, 2017
D’Arce McMillan, The Western Producer markets editor, monitors trends in the North American and global agricultural markets. Each week he hosts a market video about crops. The video is designed to help viewers understand the forces responsible for changes in the trade. If agricultural markets are important to you, we have you covered.
India monsoon running six percent behind, raising crop yield concerns
MUMBAI, Aug 23 (Reuters) – India’s country-wide rainfall deficit for the June-September monsoon season has widened to six percent as of Wednesday, the highest since the season’s start on June 1, data compiled by India Meteorological Department (IMD) showed. Rainfall in August is down nearly 20 percent from normal, raising the water deficit and stoking […] Read more
US corn and soybeans eyeing tropical storm Harvey
WINNIPEG, August 23 (CNS) – The potential for a storm in the Gulf of Mexico to bring rain to parts of the US Midwest has caught the attention of the grain and oilseed markets. “If it turns farther north and hits some of the dry spots in Indiana, Ohio and Illinois that would be a […] Read more
ICE Canada Weekly Outlook: Canola rangebound ahead of harvest
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts moved off of chart support during the week ended August 23, to hit its highest levels in two weeks. However, the market remains rangebound overall, as traders wait to get a better handle on the size of this year’s crop. With harvest operations just starting, Jamie […] Read more
