Crops
Sydney | Reuters — China has rejected Australia’s appeal to scrap a tariff on its barley exports, two sources familiar with the matter told Reuters, all but closing the door on a trade worth about A$1.5 billion (C$1.4 billion) in 2018. The rejection comes after Australia sought a formal review over duties totalling 80.5 per […] Read more
China rejects Australia’s appeal to remove barley tariff
Input Capital takeover falls through
Input says U.S. buyer to walk away, pay termination fee
The Regina company that brought “streaming” to the Prairie canola marketing business is considering its other options now that a friendly cash bid from a U.S. suitor has been taken off the table. Input Capital said Thursday that Washington, D.C.-based investment firm Bridgeway National, which in August proposed to buy Input for about $96.15 million, […] Read more
Prairie cash wheat: Durum springs forward, red spring falls back
MarketsFarm — Bids in Western Canada were weaker for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats for the week ended Thursday, while there were increases for Canada Western Amber Durum (CWAD). Double-digit losses in U.S. wheat markets weighed on values and a drop in the Canadian dollar provided support. Average […] Read more
Funds’ long position up in canola ahead of selloff
MarketsFarm — Fund traders continued to add to their large long positions in canola during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders, as of Tuesday, were holding a net long position in ICE Futures canola of 61,936 […] Read more
U.S. grains: Wheat slides on profit-taking, weather
January soybeans up, December corn flat
Chicago | Reuters — Chicago wheat futures fell on Friday for a fifth straight session, retreating from multi-year highs set last week, on fund-driven long liquidation and improving crop prospects in the southern U.S. Plains, analysts said. Soybean futures firmed on export demand while corn settled narrowly mixed, with the front December contract losing relative […] Read more
Alberta farm groups using online voting
Voting is open until Nov. 6
Reading Time: < 1 minute Producers casting a ballot in Alberta Wheat and Alberta Barley elections can use electronic voting. The two farm groups are using a platform called ElectionBuddy, which its developers say is a secure method for member-based organizations to conduct elections. For Alberta Wheat, go to albertawheatvotes.com (opens as a secure ElectionBuddy link) or albertabarleyvotes.com (opens as […] Read more
Pulse industry watching container supply closely
One major container firm is shipping them back to Asia empty to meet a surge in demand
Pulse Canada is keeping an eye on container supplies following the recent announcement by a major supplier it would be shipping them back empty to Asia from North America to meet a surge in demand. Why it matters: Canadian pulse crop exporters rely on shipping containers to get their products to international customers. A lack […] Read more
ADM beats profit estimates but revenue disappoints
Reuters — Global grains trader Archer Daniels Midland beat Wall Street estimates for quarterly profits on Thursday, helped by strength in its grain milling and nutrition businesses. Still, revenue missed analysts’ expectations and net earnings attributable to the company were 44 per cent lower than a year earlier. Shares were down nearly three per cent […] Read more
U.S. grains: Corn, wheat hit two-week lows on COVID-19 fears
Commodity selling continues dragging on grains, analysts say
Chicago | Reuters — U.S. grain futures extended losses on Thursday, with corn and wheat hitting two-week lows as concerns over the COVID-19 pandemic’s economic impact weighed on prices. Improving global crop weather added pressure on prices, with rains benefiting dry wheat-growing areas in the U.S. and Russia and soybean-producing regions of Brazil, traders said. […] Read more
Organic acres level off in Alberta
Reading Time: < 1 minute After a decade of strong growth, the number of organic acres dipped slightly in Alberta last year, says a new report. But that was good compared to its next door neighbour, said the report by the Canada Organic Trade Association. “Saskatchewan demonstrated the largest acreage decline, with 119,099 fewer acres, followed by Alberta at 6,214 […] Read more