Crops
Sydney | Reuters — Australia’s wine industry faces severe oversupply problems that will need years to resolve, experts say, pointing to Chinese tariffs, high production and export bottlenecks during the COVID-19 pandemic. Vineyards nationwide have enough wine in domestic storage to fill 859 Olympic swimming pools, Rabobank said this week in its third-quarter wine report. […] Read more
Australian wine industry faces hangover from China’s tariffs
Over two billion litres of wine in storage
Prairie cash wheat: Spring wheat bids drop with U.S. futures
Crop concerns supportive for durum
MarketsFarm — Spring wheat bids in Western Canada fell in sympathy with U.S. futures during the week ended Thursday, although durum climbed higher on the back of production concerns in key durum-growing areas of southern Saskatchewan. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $7.60-$9.70 per tonne across […] Read more
U.S. grains: Wheat futures rally on war concerns
Soy jumps on U.S. heat wave; corn up off 2020 low
Chicago | Reuters — Chicago Board of Trade wheat futures jumped nearly four per cent on Friday as a drone attack on Moscow revived concerns over the risk of war disruptions to Black Sea grain exports, analysts said. Soybean futures advanced for a third session to reach a July high as a hot, dry U.S. […] Read more
The under-recognized aphid eaters
The larvae of lady beetles are less commonly identified, but take just as big a bite out of crop pest populations
Reading Time: 3 minutes Glacier FarmMedia – The insect experts say that every farmer across the Prairies should have a huge picture of coccinellidae larvae on their machine shop wall. If the scientific name doesn’t sound familiar, the common name certainly will. It’s the family of beetles that includes ladybugs and Asian lady beetles. “Everybody recognizes the adults and […] Read more
Bureau won’t challenge takeover of Canada Malting parent
U.K. also has 'no further questions'
The owner of one of Canada’s major commercial maltsters says its takeover by a major French peer won’t be challenged by Canada’s antitrust regulator. United Malt Group, whose Canadian assets operate under the Canada Malting banner, last month locked in on a previously announced deal to sell itself to France’s Malteries Soufflet for A$1.5 billion […] Read more
Feed weekly outlook: Market steady in face of harvest, U.S. corn imports
Imports weigh on domestic barley values
MarketsFarm — The feed grain market in Western Canada is holding reasonably steady as harvest operations progress and corn imports continue to come up from the United States. Anecdotal harvest reports were varied so far, with surprisingly positive results from some growers and others who missed out on showers ending up with lower yields, according […] Read more
U.S. escalates Mexico corn trade spat with dispute panel request
Canada 'considering its next steps'
Washington | Reuters — The United States on Thursday escalated its objections to Mexico’s curbs on genetically modified corn imports, requesting a dispute settlement panel under the North American trade pact, the U.S. Trade Representative’s office said. The request to send the dispute to arbitrators was announced after formal consultations failed to resolve deep divisions […] Read more
U.S. grains: Soybeans advance on hot, dry forecast
Corn overcomes pressure over Mexico spat
Chicago | Reuters — Chicago Board of Trade soybean futures approached a two-week high on Thursday on concerns that hot, dry weather in forecasts could reduce the upcoming U.S. harvest. The U.S. has little room for crop losses due to unfavourable weather because the government already projects tight soybean supplies, analysts said. Some worries over […] Read more
ICE weekly outlook: Canola enters volatile harvest period
Outside veg oil markets limit the downside
MarketsFarm — The looming harvest may keep a lid on the upside in the ICE Futures canola market over the next month as participants wait to get a better handle on the size of this year’s crop. “We’re still at the mercy of trying to determine what size of crop we have,” said MarketsFarm Pro […] Read more
CBOT weekly outlook: Wheat, corn likely to trend downward
Weather to steer soybean values
MarketsFarm — Wheat and corn on the Chicago Board of Trade are likely to fall back in the coming weeks, according to Terry Reilly, senior agricultural specialist for Marex in Chicago. Soybeans, meanwhile, could go either way, he said, depending on the severity of upcoming weather conditions. Reilly commented that the December Chicago wheat contract […] Read more
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