Markets
NEW YORK, N.Y. — The El Nino phenomenon currently affecting weather is expected to weaken during the Northern Hemisphere’s spring and transition to normal conditions by late spring or early summer, a U.S. government weather forecaster said today. The Climate Prediction Center (CPC), an agency of the National Weather Service, was in line in its […] Read more
Markets
El Nino expected to diminish in spring
VIDEO: Canada’s agricultural markets update – Jan. 13, 2016
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. Crops:
Canada, Australia benefit from India’s poor harvest
Canadian pulse growers are not the only ones benefitting from India’s recent run of disappointing harvests. Australia set a single month desi chickpea export record in November, shipping 465,131 tonnes of the crop. That’s nearly double the previous high of 239,552 tonnes set in December 2012. “(Exports) are staggering,” said Brian Clancey, editor of Stat […] Read more
Could India’s 2016 monsoon disappoint again?
Western Canadian farmers are expected to plant more peas and lentils in 2016, based on intense Indian demand for those crops. However, analysts wonder whether that demand will be sustained in 2016-17. It all hinges on what kind of monsoon rain season India receives this year. Weather forecasters are divided. Indian farmers can’t catch a […] Read more
Due south: grain shipments head to the U.S.
Prairie producers are making it a habit to head south of the border to sell their grain, according to the federal grain monitor
Trucking grain from Western Canada to the United States is on the rise and likely to continue, says the company that monitors prairie grain handling and transportation. About 3.2 million tonnes of prairie grain were trucked to U.S. buyers in 2014-15, almost double the amount in 2012-13. “You can see this is slowly growing,” said […] Read more
Looking for glimmers in the gloom
Let’s hope the adage “it is always darkest before the dawn” holds true because 2016 arrives very dark indeed for many markets. The year might prove as gloomy as 2015, but a few shafts of light are breaking through the curtain. Grain market supply fundamentals remain bearish, while prospects for demand and the overall market […] Read more
Nosedive in durum price hits Ceres bottom line
The Canadian company building a high-throughput grain terminal and loop track at Northgate, Sask., says it will lose nearly $12 million because of falling durum prices. Ceres Global Ag Corp. said in a Jan. 6 news release that declining prices will erode the value of the company’s durum inventories, resulting in a loss of $11.7 […] Read more
UPDATE 2 – Winter wheat rallies on USDA’s low acreage estimate
WASHINGTON, Jan. 12 (Reuters) – U.S. corn and soybean supplies ballooned to record levels as of Dec. 1 following bountiful harvests of both crops and reduced usage, according to government data released on Tuesday. But grain stocks lagged market forecasts, corn and soybean production was smaller than previously estimated, and U.S. winter wheat area was […] Read more
UPDATED – USDA Reports: winter wheat area lower than expected
WASHINGTON, Jan 12 (Reuters) – U.S. corn and soybean supplies ballooned to record levels during the last three months of 2015 following bountiful harvests of both commodities and cutbacks in usage, according to government data released on Tuesday. However, the market has viewed the reports as mildly bullish because some of the numbers came in […] Read more
Futures fall as trade waits for USDA reports
Crop futures fell Monday, but it was hard to tell whether that was just due to overall commodity market weakness or signs of traders clearing the decks before tomorrow’s U.S. Department of Agriculture reports are released. Soybean oil was weak, soybean meal was strong, soybeans were off a little and canola came in a bit […] Read more
