U.S. grain prices have surged since the Iran war began, triggering a flurry of corn and soybean sales by farmers who squirreled away last year’s harvests due to weak prices.
Markets
Feed grains weekly: Prices bump up
To Darcy Haley, vice-president of Ag Value Brokers in Lethbridge, there are two main reasons for recent increases for feed barley and wheat. Haley said on March 12 that there’s an ongoing lack of farmer selling, plus stiff competition from the grain companies looking to export barley.
Farmers of North America attempts another run at AgraCity assets
Farmers of North America hopes half to two-thirds of its members will sign a letter of commitment by midnight March 12 so it can submit a competitive offer
Farmers of North America is still attempting to buy AgraCity’s assets, although Jim Mann acknowledged it is “mission impossible.”
CBOT Weekly: Middle East conflict continues to rattle markets
The conflict in the Middle East is raising crop prices and plenty of price instability in the markets.
ICE canola outlook: Upside unknown given geopolitical risks
Canola futures climbed higher during the week ended March 11, finding spillover support from advances in crude oil due to the escalating conflict in Iran and surrounding countries.
Expana cuts EU wheat, barley export outlook due to Middle East war
Consultancy Expana lowered its forecast for European Union soft wheat exports in the 2025/26 season for a fifth consecutive month after reducing projected wheat and barley shipments to the Middle East due to the war in the region, it said on Thursday.
Manitoba farmers not too likely to change planting plans
Manitoba farmers won’t be too inclined this spring to switch from planting cereals and oilseeds to soybeans or pulses, despite recent hikes in fertilizer prices said an official with Manitoba Agriculture.
Canada’s trade deficit widened in January, missing consensus estimates
Canada’s trade deficit in January surprisingly widened as exports fell more than imports, led by a meaningful drop in shipments of motor vehicles and parts, data showed on Thursday.
G3’s Farmers Equity Trust achieves full allocation
The trust has been fully allocated 10 years after it was formed, but many farmers have not signed eligibility certificates
After 10 years, G3’s Farmers Equity Trust has been fully allocated. But many farmers are refusing to sign their eligibility certificates.
Prairie Wheat Weekly: Rising loonie pushes down cash prices
Cash prices for Western Canadian wheat and durum stepped back during the week ended March 11, pushed lower by a stronger Canadian dollar.
Markets