Projected worldwide wheat, corn and soybean production in 2023/24 was raised by the International Grains Council in its latest update, with better-than-expected corn yields in the United States and larger Black Sea wheat crops behind the adjustment.
IGC raises world crop projections
If realized, the world wheat crop will the second largest on record
Italy’s parliament approves ban on lab-grown food
The ban is seen as part of a broader bid to safeguard tradition
Italy's lower house of parliament gave final approval for a law banning the use of laboratory-produced food and animal feed on Thursday as angry farmers confronted a group of centrist lawmakers opposed to the bill.
Premiers urge senate to pass Bill C-234
The bill, which would see farm propane and natural gas exempted from the carbon price has been in the Senate since March
The premiers of Ontario and Alberta are urging Senate to pass a bill that would see fuels for grain drying and barn and greenhouse heating exempted from the carbon price.
Agritechnica update: Canadian content and a John Deere update
There’s significant Canadian content at Agritechnica. Large companies like AGI and MacDon have impressive displays with significant real estate. I also happened upon the Canada pavilion, packed with companies familiar to many of us, including Honey Bee, Mankato, Schulte and Bushel Plus. The companies say that there’s value in companies from Canada banding together to […] Read more
U.S. livestock: CME cattle futures extend gains, await U.S. data
Fund liquidation and technical selling seem exhausted after driving live cattle to Friday lows
U.S. cattle futures extended gains on Wednesday as traders adjusted positions after steep losses last week and ahead of monthly supply data due on Friday.
U.S. grains: Soy ends down on forecasts for rain in Brazil; corn, wheat dip
Brazilian weather outweighed support from data showing record U.S. soybean crush
Chicago Board of Trade soybean futures inched down on Wednesday, retreating after rallying to the highest levels since August, as improved Brazilian weather outlooks bolstered supply prospects and overshadowed demand from record U.S. soybean crushings last month.
ICE weekly outlook: Funds in control of market – for now
Spec funds were keeping a close eye on the weather in Brazil says analyst
With a record short position in canola, managed money is largely in control of the market according to analyst Wayne Palmer of Exceed Grain in Winnipeg.
CBOT weekly outlook: All eyes in Chicago soybeans, corn looking south
Soybeans have been trending higher over the past few weeks, while corn touched two-year lows
Shifting South American weather forecasts will likely keep the soybean and corn markets at the Chicago Board of Trade on edge over the next few months, as crops in Brazil and Argentina develop.
Organic operators down, acreage up: new industry stats
Total organic sales in 2022 was $10.26, billion up from $9.35 billion in 2021
The number of Canadian organic producers and processors fell by nearly 300 in 2022 according to the latest industry stats. “There’s people coming in and there’s people going out,” said Tia Loftsgard, executive director of the Canadian Organic Trade Association (COTA).
Agritechnica update: Give a big shock to weeds
Farmers are being pushed to find an alternative to desiccants to burn down crops, as companies are increasingly leery of herbicides approved close to harvest. People have been shocking weeds with electricity for 100 years, but the return on the electricity invested and the technology required to do so safely haven’t always worked. Crop.zone is […] Read more
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