Reading Time: 2 minutes MarketsFarm — While global fertilizer prices were projected to be steady to higher in 2024, overall affordability is set to improve while usage will increase, according to one analyst. Samuel Taylor, a New York City-based farm inputs analyst for RaboResearch Food and AgriBusiness, delivered a presentation on the fertilizer market during the firm’s Fall Harvest […] Read more
More affordability, usage of fertilizers in 2024, analyst says
Israel's fertilizer output normal for now
Prairie cash wheat: Bids book week of losses
U.S. wheat futures down on week
Reading Time: 2 minutes MarketsFarm — Western Canadian wheat bids took a tumble with durum prices having the largest losses during the week ended Oct. 26. U.S. wheat futures were pressured throughout the week as rains fell on winter wheat-growing areas in the country, as well as in Argentina, Ukraine and Australia. Export sales for U.S. wheat were lower […] Read more
Feed weekly outlook: Grains see flat demand, price movement
A clearer picture of new-crop corn availability may provide direction
Reading Time: 2 minutes MarketsFarm — Recent demand for feed grains from feedlots has been in a standstill, according to Erin Harakal, trade manager for Agfinity Inc. at Stony Plain, Alta. “It’s been flat, probably since the end of September. We haven’t seen any big changes when it comes to demand or prices,” she said. “From what we’ve been […] Read more
More acres expected for soybeans, canola, Rabobank says
RaboResearch arm sees Canada's exporters 'struggling' with margins
Reading Time: 2 minutes MarketsFarm — Farmers in the U.S. will seed more soybeans in 2024-25, with Canadian canola plantings also expected to rise to a lesser extent, according to a grains and oilseeds analyst with RaboResearch Food and AgriBusiness, a division of the Dutch multinational bank Rabobank at the firm’s Fall Harvest Outlook webinar. During the Wednesday webinar, […] Read more
Pulse weekly outlook: Activity to ramp up for chickpeas
'Quality was good, yields were lower'
Reading Time: 2 minutes MarketsFarm — Things are quiet right now on the chickpea front, but that could change in a few weeks, according to Jake Hansen of Mid-West Grain in Moose Jaw. “I think everyone’s getting prepped and ready for Argentina’s harvest, but it’s quiet,” he said. “There’s still movement on previous contracts, but not a lot of […] Read more
ICE weekly outlook: Upside seen for canola prices
'Aggressive manipulation' seen as a factor
Reading Time: 2 minutes MarketsFarm — Early gains were followed by late losses on ICE Futures’ canola market during the week ended Wednesday. The November canola contract began the week at $704.60 per tonne before rising up to $725.80/tonne on Monday, then ending the week at $711.70. The January contract went in similar directions, starting at $710.10/tonne before moving […] Read more
Prairie cash wheat: Most bids lower
U.S. wheat futures down on week
Reading Time: 2 minutes MarketsFarm — Bids for Canada Western Red Spring (CWRS) wheat were lower in Manitoba, but higher in the rest of the Prairies, while those for Canada Prairie Spring Red (CPSR) and Canada Western Amber Durum (CWAD) wheat also went down during the week ended Thursday. U.S. wheat futures declined for the week, but were supported […] Read more
CBOT weekly outlook: Markets react bullishly to USDA report
Corn, soy production estimates revised lower
Reading Time: 2 minutes MarketsFarm — Most of the October world agricultural supply/demand estimates (WASDE) released Thursday from the U.S. Department of Agriculture (USDA) came out lower than trade expectations, causing price jumps on the Chicago Board of Trade (CBOT). “Many people were not expecting a major (average) yield change,” Ryan Ettner, trader for Allendale Inc. in McHenry, Ill. […] Read more
Feed weekly outlook: Demand for feed grains ‘in a lull’
U.S. corn harvest a work in progress
Reading Time: 2 minutes MarketsFarm — Despite prices continuing to come down for feed grains in Western Canada, demand for them is currently at a standstill, according to Susanne Leclerc of Market Master Ltd. in Edmonton. “I think we’re in that lull time right now between corn and barley (deliveries) as the (U.S.) corn harvest is underway,” Leclerc said, […] Read more
Pulse weekly outlook: Smaller yields than last year in Saskatchewan
Pulse production seen varying by location
Reading Time: < 1 minute MarketsFarm — Yields and crop conditions from this year’s pulse harvest in Saskatchewan largely varied by location, according to SaskPulse executive director Carl Potts. “Generally on the east side of the province and some areas of the south, some pretty good yields. And then in the west-central, southwest regions, some yields that were quite low. […] Read more
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