Paris | Reuters — The global wine trade reached record-high value last year, supported by a sharp rise in prices, but the amount of wine sold fell due to weaker demand and logistical problems, an industry body said. The International Organisation for Vine and Wine (OIV) said on Thursday that global wine exports in 2022 […] Read more
Global wine trade hits record-high value but volumes fall
Canada 27th in production, sixth in imports
U.S. grains: Chicago futures dip as Ukraine inspections resume
Planting windows seen in U.S. despite rain forecasts
Mexico City | Reuters — Chicago grains and soy futures closed lower on Wednesday after inspections of ships carrying Ukrainian grain from the Black Sea resumed, and crude oil’s dip pressured prices down. A Ukrainian official said that “ship inspections are being resumed, despite the RF’s (Russian Federation’s) attempts to disrupt the agreement.” Kyiv faces […] Read more
U.S. livestock: CME lean hogs touch new lows on fat supplies
Live cattle down on profit-taking, feeder cattle touch fresh highs
Chicago | Reuters — Choppy trade roiled the Chicago Mercantile Exchange’s livestock markets on Wednesday, while bountiful pork supplies and questions over consumer demand sent five of lean hog contracts slumping to new contract lows. The hog market turned sharply down, traders said, as the sector continues to wrestle with weak cash prices and larger-than-expected […] Read more
Less wheat expected in Kazakhstan in 2023-24, despite same acres
Soil moisture loss expected in wheat-growing regions
MarketsFarm — As the 2022-23 crop year in Kazakhstan begins to wind down, the U.S. Department of Agriculture (USDA) attaché in the country’s capital of Astana estimated its wheat production at 16.4 million tonnes. Should that forecast hold, the attaché’s report noted it would be the largest wheat harvest since 2017-18. However, going into the […] Read more
Ukraine agrees with Poland on resumed grain transit
Ukraine also trying to salvage Black Sea grain deal
Warsaw | Reuters — Poland agreed on Tuesday to lift a ban on the transit of Ukrainian grain and food products, but Ukraine said a wartime deal allowing it to safely ship grain from Black Sea ports was still under threat. Failure to resume exports into eastern European countries or secure an extension of the […] Read more
Pulse weekly outlook: Peas heading in different directions
Export demand seen down for yellows
MarketsFarm — Prices for green and yellow peas have been starting to move further apart, according to Levon Sargsyan, grain broker with Johnston’s Grain at Welwyn, Sask. Sargsyan pointed out that prices for yellow peas have been slipping back recently. “Export demand has dropped overseas, so that’s been pushing the yellow pea prices down. The […] Read more
U.S. grains: Chicago grains flat or higher on Ukraine concerns
Rains expected to cause U.S. planting delays
Mexico City | Reuters — Chicago grain and soy futures closed nearly flat or higher on Tuesday as traders assessed the impact of several countries banning Ukrainian grain, and the future of a Black Sea grains deal remained in doubt. Markets were also eying expected rains in the U.S. that would likely slow planting schedules. […] Read more
U.S. livestock: CME feeder cattle hit new highs
Chicago lean hogs hit new low
Chicago | Reuters — Chicago Mercantile Exchange’s April and May feeder cattle futures hit fresh contract highs on Tuesday on tight supplies, as analysts said they expected cattle placements to continue to trend down, traders said. Meanwhile, CME May lean hogs hit a contract low of 78.5 cents/lb., before closing down 2.175 cents at 78.825 […] Read more
Czech farmers say Ukraine imports squeezing them out of EU grain markets
Government not planning import ban
Prague | Reuters — Czech farmers have 40 per cent more grains in stock than a year ago as surging Ukrainian exports to European markets have replaced Czech exports, the country’s Agriculture Association said on Tuesday, warning of a potential squeeze in storage capacity. The comments by the lobby group are the latest sign of […] Read more
U.S. grains: Chicago soybeans up on major U.S. crush
USDA says winter wheat at 27 per cent good or excellent condition
Mexico City | Reuters — Soybean futures gained following strong U.S. crushing data on Monday, while wheat and corn also closed higher after several eastern European countries banned grain and other food imports from Ukraine, casting further doubt on Ukrainian exports. Members of the National Oilseed Processors Association (NOPA) said the U.S. soybean crush jumped […] Read more
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