Reading Time: < 1 minute Canadian grain exporters may get a boost from Washington’s “deteriorating relationship” with China, CoBank says in its 2023 outlook. A number of trade disputes as well as tensions over Taiwan are spilling into the grain sector, the lender said in its outlook. “China has made it clear that it would like to minimize its dependence […] Read more
Canadian grain exporters could see advantage
Canadian wheat prospects good, says commodity agency
Reading Time: < 1 minute Canada’s rebound in wheat production in 2022 will “thrust the country into the position of a major global supplier in early 2023,” says market analysis agency S&P Global Commodity Insights. And demand for Canadian wheat is likely to rise further because of weather woes in Argentina and the U.S. Wheat sales to China are already […] Read more
Mintec acquires Agribriefing to expand agrifood data offering
Paris | Reuters — British market intelligence firm Mintec announced on Tuesday the acquisition of Agribriefing in a deal it said would create a leading global provider of data on agricultural and food markets. Financial details were not disclosed. Agribriefing’s businesses include protein price-reporting agency Urner Barry and crop consultancy Strategie Grains, the latter acquired […] Read more
Grain movement stats are a window into the market
Weekly numbers from the grain commission give near real-time data on deliveries and exports
Reading Time: 2 minutes Keep an eye on the weekly numbers for producer deliveries and grain exports, says a provincial crops market analyst. “Weekly updates from the Canadian Grain Commission provide useful crop market movement and demand information,” said Neil Blue. The grain commission data covers grain and oilseeds moved in bulk (it doesn’t include container shipments) and it […] Read more
These are anything but normal times in the markets, says analyst
There’s not one, but three, powerful new factors at play — war, tight supplies, and rising interest rates
Reading Time: 4 minutes Glacier FarmMedia – We live in strange times, says a veteran market analyst. “I look at these markets as bipolar in some cases,” said Mike Jubinville, senior analyst with MarketsFarm. “On one hand, the macroeconomics have potentially bearish demand implications as fears of a recessionary environment take hold. But on the other hand, we have […] Read more
Rollercoaster doesn’t begin to describe today’s markets
Don’t expect a return to normal anytime soon, says panel of market watchers
Reading Time: 4 minutes Supply-chain lions and interest-rate tigers and market bears, oh my! That could have been the theme for a recent webinar featuring a host of market analysts, all of whom highlighted just what a volatile time this is. “You have to figure out what is going on in this world, because so much of what is […] Read more
ICE weekly outlook: Watch for canola to climb higher
MarketsFarm – There’s the possibility of the nearby January canola contract reaching upwards to C$1,000 per tonne, according Winnipeg-based analyst Wayne Palmer of Exceed Grain. “I think you got canola somewhere in the winter months maybe trading close to $1,000 again in January,” he said. Palmer placed his suggestion on the sharp upticks that soyoil […] Read more
Ukraine grain export deal back on as Russia resumes participation
Ankara/Kyiv | Reuters – Russia said on Wednesday it would resume its participation in a deal freeing up grain exports from war-torn Ukraine, reversing a move that world leaders had said threatened to exacerbate global hunger. Moscow announced the sudden reversal after Turkey and the United Nations helped keep Ukrainian grain flowing for several days […] Read more
Green peas regain premium over yellows
MarketsFarm – Solid demand and tighter supplies have seen green pea bids regain a premium over yellow peas in Western Canada, although the market for both varieties remains solid overall. Green peas historically trade at premium to yellow peas due to higher quality specs and concerns over bleaching, but increased domestic demand for yellow peas […] Read more
Strong commodity prices to continue: FCC
Reading Time: < 1 minute Farm Credit Canada is forecasting “another year of excellent crop prices,” albeit with big declines for some crops. The ag lender predicts canola will average $870 a tonne this crop year, which is $100 below the 2021-22 average but well above the five-year average of $490. FCC forecasts spring wheat prices to average $430 a tonne […] Read more
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