Markets
LATUR, India/NEW DELHI, March 21 (Reuters) – Millions of Indian farmers look set to switch away from growing pulses and oilseeds after a government campaign to boost output became a victim of its own success by flooding markets with the crops, used in everything from fragrant curries to sticky desserts. Storehouses are overflowing with lentils […] Read more
Markets
India farms may abandon pulses as prices plunge
Canola falls 3.7 pct on week as exports slow, but wheat rallies
Canola futures fell for a seventh straight session on Friday, weakened by a slower pace of exports, general weakness in oilseeds and this week’s rally in the Canadian dollar. May closed at $503.70, down $2.10 or 0.42 percent. New crop November fell $1.40 to $489.80, down 0.29 percent For the week, May fell $19.20 or […] Read more
Demand, rejections from grain giant Egypt shrouded in speculation
Winnipeg, March 17 – The world’s biggest buyer of wheat, Egypt, rejected three cargoes of the grain last week, the first time since overhauling its inspection system and following laxer import policy. Last week, inspectors rejected three cargoes of wheat purchased by grain buyer GASC at the port of origin, two Russian and one Argentinian, […] Read more
Argentine soy and corn benefiting from good weather -exchange
BUENOS AIRES, March 16 (Reuters) – Argentine corn and soy should benefit this season from high yields brought by good weather, the Buenos Aires Grains Exchange said on Thursday, adding that it may increase its harvest estimate above the current 54.8 million tonnes. The South American grains powerhouse is the world’s third biggest exporter of […] Read more
Canola could pull ahead of soybeans
Canola futures generally drop if soybean futures fall. If soybeans jump, then canola futures also rise. That synchronicity has been the norm for many years in the oilseed market, but canola may break from the pattern this year. Dan Basse, an ag commodity expert based in Chicago, is bullish on canola but bearish on soybeans […] Read more
Canadian beef herd population stable: Canfax
OTTAWA — The Canadian beef herd has maintained the status quo for another year with little or no growth across the country since 2011. “We are basically flat. We were up .3 percent last year in 2016 and this year we are up .2 percent,” said Brenna Grant of Canfax. “It is basically saying we […] Read more
Big South American soybean, corn crops keeps lid on prices
Crop prices could be in a period of weakness until some weather scare develops, as it often does sometime during the Northern Hemisphere’s growing season. However, attention is now fixed on the bumper harvest that Brazilian farmers are gathering. The U.S. Department of Agriculture last week increased its forecast for Brazil’s soybean crop to a […] Read more
U.S. bill pushes for sale of high ethanol fuel year round
SAN ANTONIO, Texas — A group of U.S. senators and representatives have introduced a bill that would boost sales of ethanol in that country. The Consumer and Fuel Retailer Choice Act would extend the Reid Vapor Pressure (RVP) volatility waiver to gasoline with ethanol blends higher than 10 percent. The U.S. Environmental Protection Agency regulates […] Read more
Hedging should be based on farm risk, not analyst forecasts
How the heck can farmers hedge loonie exposure when there’s no general consensus on where it’s heading? That’s what you could have thought after hearing Todd Hirsch of ATB Financial tell the Canola Council of Canada’s annual convention that currency traders expect to see the loonie in the next year go anywhere from US62 to […] Read more
WP livestock report
Hogs drift lower U.S. hog prices weakened again , but the decline was less than the previous week when values dropped in the face of looming supply increase. The downside of the market is limited by still strong U.S. pork exports. The volume of January pork exports was up 21 percent from a year ago. […] Read more
