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Daily news


‘Low yields, good quality’ have been the story of this organic growing year. Photo: Thinkstock
Markets, News, spring-wheat, Winter Wheat

New Chicago spring wheat futures make thin trade thinner

Trading volumes a fraction of Minneapolis spring wheat

By Glen Hallick Marketsfarm May 9, 2025
The CME Group's new Chicago spring wheat futures may be diluting an already thin market, says analyst Tom Lilja of Progressive Ag in Fargo, North Dakota.

BASF’s agriculture arm eyes seeds and Asia as it prepares for listing
News, Reuters

BASF’s agriculture arm eyes seeds and Asia as it prepares for listing

By Ludwig Burger and Patricia Weiss, Reuters May 9, 2025
BASF's agriculture unit is aiming to expand in Asia and global seed markets as it prepares for a stock market listing in about two years, a senior executive told Reuters.


A farmer in China piles wheat.  Photo: Reuters/File
Markets, News, Reuters

China buys Canadian, Australian wheat as heat hits crop, traders say

By Gus Trompiz, Michael Hogan, Peter Hobson, Reuters May 9, 2025
Chinese buyers bought between 400,000 and 500,000 metric tons of wheat from Australia and Canada in recent weeks, traders said, as heat threatens to damage crops in China's agricultural heartlands.

Nutrien paints bullish fertilizer industry picture despite poor Q1 results
News, Reuters

Nutrien paints bullish fertilizer industry picture despite poor Q1 results

Low U.S. corn profitability big threat to phosphate demand, analyst says

By Ed White, Reuters May 9, 2025
Nutrien offered a bullish outlook for the 2025 global fertilizer market in an analyst call on Thursday, despite issuing disappointing first-quarter results on Wednesday night.


Nutrien paints bullish fertilizer industry picture despite poor Q1 results
News, Reuters

Nutrien paints bullish fertilizer industry picture despite poor Q1 results

Low U.S. corn profitability big threat to phosphate demand, analyst says

By Ed White, Reuters May 9, 2025
Nutrien offered a bullish outlook for the 2025 global fertilizer market in an analyst call on Thursday, despite issuing disappointing first-quarter results on Wednesday night.

China, Japan, South Korea will jointly respond to US tariffs, Chinese state media says
News, Reuters

Ahead of China talks, Trump says 80 per cent tariffs ‘seems right’

By Doina Chiacu, Reuters May 9, 2025
U.S. President Donald Trump said on Friday that 80 per cent tariffs on Chinese goods "seems right;" making his first suggestion of a specific alternative to the 145 per cent levies he has imposed on China ahead of weekend talks to contain a trade war between the world’s two biggest economies.


Beef prices that are likely to remain strong as retailers prepare for Labor Day demand.  Photo: iStock/Getty Images
Livestock, Markets

U.S. livestock: Cattle resume climb as grilling season approaches

By Geralyn Wichers May 8, 2025
Chicago cattle futures resumed their climb, Thursday, as summer grilling season approaches. 

Photo: JHVEPhoto/Getty Images Plus
Markets, Reuters

U.S. grains: Soybeans up ahead of US-China talks, corn slips on good weather

By Heather Schlitz, Reuters May 8, 2025
Chicago soybean futures crept higher on Thursday as higher soyoil futures and hopes that upcoming U.S.-China trade talks in Switzerland could reduce trade tensions that have disrupted U.S. grain and oilseeds exports, analysts said.


Photo: File
Crops

Saskatchewan Crop Report: Seeding ahead of average pace

18 per cent of Saskatchewan crop planted

By Adam Peleshaty May 8, 2025
Saskatchewan farmers have already seeded 18 per cent of the province's projected crop as of May 5, well ahead of historical averages due to dry weather.

Research based on the financial statements of almost 3,000 Illinois corn and soybean farmers suggests farmers in aggregate are likely to sell four per cent more of their stored grain every time capital costs go up by one per cent.  Photo: File
Barley, Canola, Cereals, Corn, Lentils, Markets, News, Oats, Peas, Pulses, Soybeans, spring-wheat, Winter Wheat

Sharp drop in canola stocks

StatCan releases grain stocks as of March 31 report

By Glen Hallick Marketsfarm May 8, 2025
Statistics Canada reported total canola stocks have plummeted over the last year. The federal agency released its grain stocks as of March 31 report on May 8. Also in the StatCan report, all wheat stocks declined moderately and there were other significant changes.


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