Soybean, corn and wheat futures in the United States were all showing modest strength in early September, recovering off their August lows as speculators bought back previously sold positions. “We’re seeing a little bit of short covering in these markets and the contract lows, at least over the short term, may be in,” said Terry […] Read more
CBOT Weekly: Soybeans, corn off lows, sideways trade likely through harvest
Australian crop production estimates rising: ABARES
Australian wheat and barley production in 2024/25 is expected to be larger than earlier estimates and well above what was grown the previous crop year, according to updated estimates from the Australia’s agriculture department (ABARES). Wheat production was forecast at 31.8 million tonnes in the September ABARES report, which would be up by 2.7 million […] Read more
Pulse Weekly: Australian chickpea crop sees major expansion
Australia will see its largest chickpea crop in nearly a decade, according to winter crop production estimates released by the Australian Bureau of Agricultural and Resource Economics (ABARES) on Sept. 3. The agency forecasted 1.333 million tonnes of chickpea production over a seeded area of 1.900 million acres for the 2024-25 crop year, 70 per […] Read more
Grain commission revokes Purely Canada licences
Reading Time: < 1 minute The Canadian Grain Commission said Aug. 28 both dealer and primary elevator licences at Purely Canada's Saskatchewan facilities in Avonlea, Kindersley and Lajord had been pulled.
USDA adjusts August supply and demand numbers
While the United States Department of Agriculture raised its yield projections for 2024/25 in its latest supply and demand report on Aug. 12, production varied from the July estimates due to changes in the amount of planted acres. The August edition of the USDA’s World Agricultural Supply and Demand Estimates is its first report in […] Read more
USDA forecasts record soy, bumper corn crops
Reuters – The U.S. Department of Agriculture raised its estimates for corn and soybean production from a month earlier on Monday, adding to expectations of hefty global supplies of both crops. The agency raised its estimate for the 2024/25 soybean crop to a record 4.589 billion bushels, above 4.435 billion bushels seen last month and exceeding 4.469 billion bushels expected by analysts. USDA forecast a […] Read more
Ukraine boosts grain exports despite intensified Russian attacks
Kyiv/London | Reuters – Ukraine is scrambling to ship as much grain as it can this summer, taking advantage of military gains it has made in the Black Sea area to boost exports even as Russia has attacked its ports. Ukraine is a major global wheat and corn grower and before Russia’s invasion in 2022 […] Read more
Global crop yields don’t match increasing demand
Sluggish production blamed on adverse weather conditions and high input costs that led to reduced fertilizer use
Reading Time: 3 minutes Sluggish global crop production blamed on adverse weather conditions and high input costs that lead to reduced fertilizer use.
Rail strike still looms as holdup stretches on
Grain industry says delaying what appears to be an inevitable strike isn’t helpful
Reading Time: 3 minutes Teamsters voted to strike in May, but labour action is still in gridlock as both sides wait for Canadian Industrial Relations Board decision.
Prairie Wheat Weekly: Prairie wheat bids trend lower with U.S. futures
Spring wheat bids in Western Canada fell sharply lower during the week ended June 13, seeing a continuation of the previous week’s declines as losses in the United States futures weighed on values. Average Canada Western Red Spring (13.5 per cent) wheat prices were down by C$16.00 to C$18.40 per tonne across the Prairies, according […] Read more
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