Crops
Sydney/Paris | Reuters — Out in Australia’s grain fields, farmers have started harvesting one of their biggest-ever barley crops, after drought-relieving rains convinced many to plant to the edges of their paddocks. Yet the tractors are working under the cloud of a new tariff imposed by China — seen widely as retaliation for Australia’s push […] Read more
Barley trade routes redrawn as China tariff hits Australian farmers
China's barley purchases from Canada more than double last year's
U.S. grains: Soybeans firm on export demand, record crush
Rising energy, equities markets give grains additional lift
Chicago | Reuters — U.S. soybean futures rose for a second straight session on Monday, holding near a more than four-year high hit last week, on strong demand from top buyer China and data showing the U.S. soy crush pace hit an all-time high last month. The strong demand stoked worries about thinning supplies of […] Read more
Prairie cash wheat: Bids mostly lower
MarketsFarm — Wheat bids in Western Canada were mixed during the week ended Thursday, with losses observed in Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats. Canada Western Amber Durum (CWAD) wheat was steady to higher. Average CWRS (13.5 per cent protein) wheat prices were down $2-$4 per tonne, according to […] Read more
High food prices hurting India’s poor
Inflation pain expected to persist for months yet
New Delhi | Reuters — India’s retail inflation may stay elevated for at least three more months after hitting a six-year high in October, as excess rain has damaged standing crops and seedlings, while edible oils that the country imports have become expensive. The high prices are a particular cause of concern for India’s hundreds […] Read more
U.S. grains: Soybeans up again on export demand, supply concerns
Markets recover after setback on Thursday
Chicago | Reuters — U.S. grain futures rose on Friday as soybeans traded near a 4-1/2-year high reached earlier this week on strong export demand and tightening domestic inventories. The soybean market appeared to be well supported at current prices, after the U.S. Department of Agriculture ignited a rally with a report on Tuesday that […] Read more
Cereal groups provide long-term funding for breeding programs
The five-year agreements support Ag Canada’s core breeding programs for wheat and barley
Reading Time: 2 minutes Alberta cereal growers, along with their Prairie counterparts, will be putting more than $24 million into development of new varieties over the next five years. The Canadian Wheat Research Coalition — a collaboration of the three Prairie wheat commissions — has committed $22.6 million over five years to a core breeding agreement with Agriculture and […] Read more
Feed weekly outlook: High demand keeps bids strong
MarketsFarm — Feed grain prices in Western Canada have come off of recent highs but remain “higher than what feeders like to see.” That’s according to Brandon Motz of CorNine Commodities ar Lacombe, Alta., who said feed grains are still in a “high-demand market,” with spot prices for feed barley and wheat around $260-$265 per […] Read more
ICE weekly outlook: Bull market in canola’s grasp
That said, watch for cracks in demand side of equation
MarketsFarm — Canola is deeply in the hold of a bull market that could push nearby contracts to $575-$580 per tonne, according to Errol Anderson of ProMarket Communications in Calgary. “A bull market always needs to be fed and it keeps getting fed,” Anderson said, referencing the November supply and demand report from the U.S. […] Read more
U.S. grains: Soybean futures retreat off 4-1/2 year high
Technical selling adds pressure on corn futures, analyst says
Chicago | Reuters — Chicago Board of Trade soybean futures pulled back on Thursday, a session after they hit their highest level in about 4-1/2 years, and corn futures retreated from their highest in more than a year. The markets took a breather after rallying on a U.S. Department of Agriculture crop report, issued Tuesday, […] Read more
U.S. grains: Soy futures hit highest in over four years
U.S. soy stocks enter 'danger zone,' Rabobank says
Chicago | Reuters — U.S. soybean futures on Wednesday hit new four-year highs for the third consecutive day, while corn futures retreated after topping a one-year high on strong export demand and tighter supply estimates. Soybeans extended a rally after the U.S. Department of Agriculture on Tuesday issued a monthly crop report that said corn […] Read more