Chicago | Reuters — Chicago Board of Trade soybean futures approached a two-week high on Thursday on concerns that hot, dry weather in forecasts could reduce the upcoming U.S. harvest. The U.S. has little room for crop losses due to unfavourable weather because the government already projects tight soybean supplies, analysts said. Some worries over […] Read more
U.S. grains: Soybeans advance on hot, dry forecast
Corn overcomes pressure over Mexico spat
India’s Mahindra aims to double tractor exports with new platform
Oja line to be introduced in North America
Mumbai | Reuters — India’s largest tractor maker, Mahindra and Mahindra, launched a new platform to manufacture lightweight tractors on Tuesday, which would enable the company to double its exports within three years, a senior company official told Reuters. The new platform, named Oja, was developed in collaboration with India’s Mahindra Research Valley and Japan’s […] Read more
Late Indian monsoon to start in next two days
The monsoon is vital to the country's agricultural production
MarketsFarm – The onset of India’s annual southwest monsoon, which is vital to the country’s agricultural production, is expected to hit the southern state of Kerala within the next 48 hours, according to an update from the India Meteorological Department. The persistence of westerly winds over the Arabian Sea, the increased depth of those westerly […] Read more
Firm Canadian chickpea market watching world production
Trade keeps eye on crops in Turkey, Russia, India
MarketsFarm — Canadian farmers are in the early stages of planting the country’s next chickpea crop, with market conditions firm for the time being, ahead of new-crop harvests in other countries. “The market is firm, it’s not going up or down,” said Jake Hansen of Mid-West Grain at Moose Jaw, Sask., noting there was not […] Read more
India’s rapeseed output to be steady
El Nino may be a spoiler
MarketsFarm — Rapeseed production in India has been forecast to remain quite consistent, according to the U.S. Department of Agriculture (USDA) attaché in New Delhi. The attaché projected rapeseed production for 2023-24 to hold at 11.5 million tonnes, the same in 2022-23. USDA’s official numbers placed India as the world’s No. 4 producer of rapeseed, […] Read more
U.S. forecaster sees 62 per cent chance of El Nino developing during May-July
Argentina, parts of U.S. could benefit; Asian crops may not
Reuters — A U.S. weather forecaster on Thursday predicted a 62 per cent chance of the El Niño phenomenon developing in the Northern Hemisphere during May-July, and a strong chance toward end-year, likely compounding risks to crops across the globe. “The coastal warming in the eastern Pacific may foreshadow changes across the Pacific basin. Therefore, […] Read more
Pulse weekly outlook: World chickpea supplies expected tight over next six months
MarketsFarm — Chickpeas are expected to be in short supply around the world over the next six months, according to a release from the Global Pulse Confederation (GPC). Hot and dry weather in India cut production prospects for that country’s kabuli chickpea crop, according to the report. Production out of Mexico also failed to meet […] Read more
Pulse weekly outlook: India looking for lentils, large Australian crop in play
India extends zero-rate tariff
MarketsFarm — An extension of zero-rate tariffs on lentils moving into India for another year should be a clear sign that the country is in the market for imports. However, Canadian lentil sales to India face stiff competition, with a large Australian crop likely to limit movement going forward. India announced at the end of […] Read more
Pulse weekly outlook: Chickpea prices up ahead of India harvest
Early outlook calls for more Canadian acres in 2023
MarketsFarm — Western Canadian chickpea prices are still on the rise while prices for other pulse crops are coming down as supply increases. High-delivered bids for Kabuli and B-90 types of chickpeas rose four cents per pound over the past week, according to Prairie Ag Hotwire on Jan. 23. As a result, the nine- and […] Read more
India allows exports of wheat flour processed from imported grain
New Delhi | Reuters — India has allowed export-oriented units and the firms set up in special economic zones to export flour made from imported wheat, a government order said on Friday, conceding to the demands of food processors to allow shipments of value-added products. India will allow food processors to import duty-free wheat against […] Read more
Cyber-Savvy Farmer
