Lentil prices on the Canadian Prairies were steady in late-January, which a broker noted is typical for this time of year. Marcos Mosnaim of Prairie IX said the forces of supply and demand are standing pat, leading to no price fluctuations.
Pulse Weekly: Supply and demand ‘sideways’ says broker
‘If prices move up, they move up big time, but they won’t drop overnight’
Buenos Aires desk cuts Argentine corn, bumps up wheat
Crops affected differently by weather
As Argentina continues to face dry conditions, the United States Department of Agriculture attaché in Buenos Aires cut their estimate for the country's 2024/25 corn crop. Meanwhile the attaché bumped up their call on the Argentine wheat harvest, which was recently completed.
U.S. threatening Canada’s canola oil industry
Chinese used cooking oil another threat
Canada's canola oil industry is facing two threats from the United States, said Chris Vervaet, executive director of the Winnipeg-based Canadian Oilseed Processors Association.
ICE Canada Weekly: Canola facing ‘extreme uncertainties’ says trader
Excluded from U.S. biofuel tax credits, facing tighter supplies
The path canola is to take as January turns to February has been marked by “extreme uncertainties,” explained broker Ken Ball of Ventum Financial in Winnipeg.
Barley, Canola, Cereals, Corn, Lentils, Markets, News, Oats, Peas, Pulses, Soybeans, spring-wheat, Winter Wheat
Bunge-Viterra deal ‘effectively ends competition’ says NFU
Feds’ conditions not near enough to alleviate concerns
The National Farmers Union denounced the approval of the Bunge-Viterra merger in a statement released on Jan. 17. The NFU said the multi-billion dollar deal “effectively ends competition in Canada’s agricultural commodity sector,” as it creates the world’s largest agricultural commodity trader, and it will control 40 per cent of the Canadian grain market.
Trump tariffs would weaken loonie, then U.S. dollar
Canadian government missing in action
With Donald Trump set to become President of the United States on Jan. 20, uncertainty continues to swirl about his threat to impose a 25 per cent tariff on all goods the U.S. imports from Canada and Mexico as early as that Monday. Should Trump press ahead with his levies, the Canadian dollar would be caught up in the collateral damage.
CBOT Weekly: S/D report underpinning U.S. corn, soybeans
More winter wheat acres pressures prices
Corn and soybean futures on the Chicago Board of Trade continued to be supported by the latest supply and demand report issued by the United States Department of Agriculture, said analyst Bryan Strommen of Progressive Ag in Fargo, ND. Meanwhile, wheat has been contending with pressure from an increase in acres.
Canadian canola exports surging in 2024/25
China top customer
Canadian canola exports continued to stay far above those in 2023/24, the Canadian Grain Commission reported earlier in January. In the CGC's monthly report those outbound shipments of canola from licensed facilities at the end of November reached 3.84 million tonnes which are up by more than 80 per cent from a year ago.
Cuts to U.S. soybean, corn production
U.S. soybean, corn stocks mixed, more winter wheat planted
The United States Department of Agriculture cut its calls for 2024/25 U.S. soybean and corn production in its World Agricultural Supply and Demand Estimates (WASDE) released Jan. 10.
Prairie Wheat Weekly: Cash prices step back
Stronger greenback weakens U.S. wheat
Western Canadian cash prices for spring wheat and amber durum were lower during the week ended Jan. 9.
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