Crop markets have been falling of late because of slow demand and generally favourable weather around the world. I’ll first cover the factors weighing down prices and later note the spots with production issues that could support prices. The cool spring in grain production areas of Canada and the United States has slowed field work […] Read more
Tag Archives markets — page 4
Federal ag minister tries to allay fertilizer fears
Federal agriculture minister Marie-Claude Bibeau tried last week in a round of media interviews to set the record straight on the government’s fertilizer emissions reduction goal. But many remain skeptical about the Liberal government’s plan to reduce emissions by 30 percent by the end of 2030 and suggest the plan is to ban fertilizer use […] Read more
North Dakota wheat crop prepares for rebound
North Dakota has a bumper crop of spring wheat on the way, according to the co-ordinator of an extensive three-day tour of the state’s wheat fields. “It looks like a pretty late-planted crop that has really got great potential,” said Dave Green, executive vice-president of the Wheat Quality Council. The group is forecasting a record […] Read more
UN: Russia-Ukraine grain deal maybe few weeks
ISTANBUL, Turkey (Reuters) — The United Nations expects a deal to resume Ukrainian grain exports through the Black Sea to be fully operational in a few weeks and restore shipments to pre-war levels of five-million tonnes a month, two senior UN officials said July 22. Ukraine, Russia, Turkey and the UN signed the deal in […] Read more
Canadian wheat plantings hit 9-year high as food prices spike
WINNIPEG, Manitoba, July 5 (Reuters) – Canadian farmers planted the most wheat this spring in nine years, as bottlenecks in global supplies drove up prices of grain and food, a government report showed on Tuesday. Farmers seeded more spring wheat and canola than they intended in spring, according to Statistics Canada, but wet conditions raise […] Read more
Turkish lentils good, Canadian imports still expected
Turkey will buy fewer lentils in 2022-23 but it will still be a significant customer for Canada and other exporters, says an industry official. Tuba Memis, import/export manager of Memisoglu, one of Turkey’s largest agricultural companies, says the country’s 2022 red lentil crop is looking vastly superior to last year’s crop. To start with, farmers […] Read more
Price connection strengthens between canola, crude oil
The relationship between canola and crude oil prices is getting stronger, says an analyst. The two commodities have been closely linked for the past six to eight months, climbing steadily higher due to a shortage of both. Canola is tightly linked to vegetable oil prices due to the crop’s high oil content. Meanwhile, vegetable oil […] Read more
Growers plan to seed fewer acres to dry beans this year
Dry bean acres are down in North America and it remains to be seen whether wet conditions will exacerbate that shortfall, says an industry official. Statistics Canada forecasts 337,000 acres of the crop in Canada, a 23 percent drop from last year. Daryl Domitruk, executive director of Manitoba Pulse and Soybean Growers, thinks that estimate […] Read more
Russian peas won’t flow to China overnight
China and Russia have signed a phytosanitary protocol for peas opening the door for competition in Canada’s top market. However, that competition is not likely to be very intense in the inaugural year of the agreement, according to a Russian grain trader. Alexander Gavrilov, head of the Asia trade desk with TH Sodrugestvo Ltd., said […] Read more
Wheat supplies dangerously low, says analyst
Global wheat stocks could sink to levels not seen since 2007-08. A major agricultural analytics firm believes global wheat stocks are far smaller than the U.S. Department of Agriculture and others are reporting. Gro Intelligence recently told the United Nations Security Council that supplies are getting dangerously low. “I want to start by explicitly saying […] Read more
