CNS Canada — A potential shortage of canola on Australia’s east coast has the oilseed industry there musing about the potential of importing Canadian canola to keep processing plants going. A story Tuesday on the Australian website Farm Online quoted Australian Oilseeds Federation CEO Nick Goddard as explaining the potential for Canadian canola to make […] Read more
Canadian canola could make its way into Australia
U.S. grains: Corn slips to contract lows
Chicago | Reuters — U.S. corn futures fell about one per cent on Monday, with nearby months hitting contract lows as the harvest of a bumper crop picked up speed in the Midwest and early yield reports were strong, traders said. Soybean futures also declined on harvest progress, along with disappointing U.S. soy crush data […] Read more
World Crop Briefs: Australia reaches trade deal with Indonesia
Australia has agreed to a trade agreement that could see it export as much as 500,000 tonnes of feed grains into Indonesia tariff free in the first year. The Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) includes provisions for a five per cent increase in allowable tariff-free feed grains into Indonesia each year. The agreement is […] Read more
U.S. grains: Wheat firm on technical bounce, tightening global supplies
Chicago | Reuters — U.S. wheat futures rose more than three per cent on Monday on a mix of technical buying after last week’s seven-week low and fundamental support from tightening supplies in Australia and Russia, analysts said. Soybean futures also advanced while corn futures were little changed ahead of key monthly crop reports due […] Read more
Drought cuts into Australian chickpea prospects
CNS Canada – Expectations for Australia’s chickpea crop have been drastically cut to one-third of last year’s production. The dry growing season will limit the crop’s potential this year to about 300,000 tonnes, according to a report from Pulse Australia. Nick Goddard, chief executive officer of Pulse Australia, told a local news outlet that important […] Read more
Feed weekly outlook: Barley exports could signal market strength
CNS Canada — Jeff Nielsen, a director with Alberta Barley, expected barley exports to make a strong showing. Numbers recently posted by the Canadian Grain Commission confirmed the good news he had been waiting for. “We kind of had an inkling they were going to be good and high and yeah, it just reaffirms it. […] Read more
Pulse import plunge in India to ripple across Canada, Australia
Mumbai | Reuters — Pulse imports to India, the world’s biggest buyer, may fall to their lowest in nearly two decades after the government raised import taxes and restricted overseas purchases to bolster prices, impacting the plans of its global suppliers. The reduction in imports illustrates the government’s steps to raise the prices of pulses, […] Read more
U.S. grains: Corn, soy drop to new lows as rains soak Midwest
Chicago | Reuters — U.S. corn and soybean futures dropped to fresh multi-month lows on Monday as widespread rains across the Midwest farm belt bolstered production outlooks for recently planted crops. Wheat futures also eased as rainfall in Western Australia took the edge off global weather worries, although declines were limited as dry weather persisted […] Read more
Australian lawmaker pushes to end live sheep exports
Sydney | Reuters — An Australian backbencher on Monday introduced legislation to parliament to ban the export of live sheep after the death of 2,400 animals led to widespread criticism of the A$250 million (C$241.96 million) industry. The bill threatens to expose fractures within the ruling coalition government, which last week introduced tougher oversight of […] Read more
Australia clears Saputo’s Murray Goulburn takeover
Reuters — Australia’s competition regulator on Wednesday approved a planned $1 billion takeover of the country’s largest dairy processor, Murray Goulburn Co-operative, by Canada’s Saputo. The deal, which Australia’s largest dairy processor says is key to its survival, was approved after Saputo agreed to sell a milk plant in Victoria state to address concerns from […] Read more
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