MarketsFarm — Disappointing monsoon rains in India this year are expected to cut into the country’s pulse production, according to reports out of the country. Crop production in India is highly dependent on the monsoon rains that typically soak the country from June through September, but the moisture to date was about nine per cent […] Read more
Pulse weekly outlook: Poor monsoon rains cut into India production
Canadian crops also expected lower
U.S. grains: Soybeans dip, despite exports
Damage to Canada's durum could impact pasta prices
Chicago | Reuters — Chicago soybean prices fell for a second session on Wednesday, despite recent export activity, with analysts pointing to traders squaring positions heading into the end of the month. Wheat traded higher, supported by global demand and concerns about Canada’s crop. Corn was near even as traders wait for the harvest to […] Read more
Vietnam to call off thistle seed ban in grain imports
Move will restore regular grain trade, Cereals Canada says
Vietnam is expected to resume nearer-to-normal grain trade with exporting nations such as Canada, after it loosens a significant restriction on weed seed content. Cereals Canada, a national cereals industry group, on Friday reported that Vietnam’s agriculture ministry has released a revised quarantine pest list due to take effect Sept. 29. The new list, Cereals […] Read more
Canada says will join as third party in U.S.-Mexico corn dispute
Mexico's measures 'not scientifically supported,' ministers say
Reuters — Canada said Friday it will participate as a third party in dispute settlement proceedings between the U.S. and Mexico regarding genetically modified (GM) corn in imported tortillas and dough, citing concerns about Mexico’s stance on the matter. The decision follows Washington’s request for a dispute settlement panel through the Canada-U.S.-Mexico Agreement (CUSMA), which […] Read more
July canola crush sets new records
Soybean crush down slightly from last July
MarketsFarm — Statistics Canada reported very sizeable increases in the July canola crush when compared to a year ago. In fact, the month’s crush was not only a record for July but also for any month. Meanwhile, StatCan found the July soybean crush was slightly lower than in July 2022. The federal agency pegged the […] 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
Pilot plan to cut red tape for reliable TFW employers
Farm employers can apply starting next month
Canada’s temporary foreign worker (TFW) program is set to give farms a head start in an express lane expected to cut the annual paperwork for that program’s most “trusted employers.” Federal Employment and Workforce Development Minister Randy Boissonault last week launched a three-year pilot meant to “help to address labour shortages and reduce the administrative […] Read more
Pulse weekly outlook: Chickpea market neither bullish nor bearish
Market players awaiting harvest
MarketsFarm — Hot and dry growing conditions earlier in the growing season cut into Canada’s chickpea yields in 2023-24, but quality should be good if the weather co-operates through the harvest. Canadian farmers planted 315,600 acres of chickpeas in 2023, which was well above the 233,800 acres seeded the previous year, according to Statistics Canada […] Read more
Canada’s record-setting wildfires could persist for rest of ‘marathon’ summer
Country's fires account for over a quarter of world's carbon for 2023
Ottawa | Reuters — Record-setting wildfires in Canada could potentially continue burning at an abnormally high rate for several more weeks, though the spread of blazes is likely to start diminishing in September, according to federal projections released on Friday. Forest fires have engulfed parts of nearly all 13 Canadian provinces and territories this year, […] Read more
ICE weekly outlook: canola market heading towards choppy waters
Markets will pause to see how the crops finish developing: analyst
Marketsfarm – While the recent gains in canola on the Intercontinental Exchange were likely generated by the spreaders, the market will probably become choppy, according to Ken Ball, trader with PI Financial in Winnipeg, Man. “Spreaders for the last few days have been selling canola and buying soyoil,” Ball suggested in a July 26 interview, […] Read more
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