Reading Time: 2 minutes As canola futures try to regain the ground lost during the week of March 10, the longer term outlook for the oilseed is very unknown, according to risk advisor and trader John De Pape of The Trading Floor.
ICE Canada Weekly: Canola approaching uncertainty
Higher Argentine soybean exports says USDA attaché
Changes to export tax spurs exports
Reading Time: < 1 minute Some adjustments to Argentine soybeans were made by the United States Department of Agriculture attaché in Buenos Aires. While the USDA and its attaché agreed Argentina's soybean harvest for the 2024/25 marketing year is to be 49 million tonnes, the two differed on other categories. The report was issued during the week of March 10.
Feed grains weekly: Looming tariffs scaring away demand
Feed market is ‘wait and see’ says broker
Reading Time: < 1 minute Ongoing tariff uncertainty continues to curtail demand in the feed sector across the Canadian Prairies, said broker Evan Peterson of JGL Commodities in Saskatoon.
CBOT Weekly: Prices expected to slowly recover
Unless tariffs throw a wrench into things
Reading Time: 2 minutes Corn and soybean futures at the Chicago Board of Trade are expected to slowly recover by the end of March, said broker Ryan Ettner of Allendale Inc. in McHenry, Ill. However, the tariff policies of the Trump administration could easily redirect that trend.
U.S. wheat sees most notable changes in March S/D report
Reading Time: 2 minutes No change was the central theme to the March supply and demand report from the United States Department of Agriculture issued on March 11. In most categories of the World Agricultural Supply and Demand Estimates (WASDE), the USDA kept the same data as in its February report.
Pulse Weekly: China includes peas in tariff threat
India extends duty-free period on yellow pea imports
Reading Time: 2 minutes Canadian yellow peas were hit with bad news on March 7, but the pulse received good news on March 10. In the bad news, China announced that Friday it's prepared to impose 100 per cent tariffs on its pea imports from Canada effective March 20, as well as imports of canola oil and canola meal. Plus there are to be 25 per cent levies on imports of Canadian pork and aquatic products.
Prairie Wheat Weekly: Prices either side of steady
Trump tariffs pressuring U.S. wheat prices
Reading Time: 2 minutes Western Canadian cash prices for spring wheat and amber durum were mixed during the week ended March 6. Declines in the United States wheat complex weighed on Prairie cash prices, as did a stronger Canadian dollar.
Oats swinging higher, but rangebound
Futures no longer connected to cash market
Reading Time: 2 minutes As oat futures fluctuate on the Chicago Board of Trade, they remain rangebound, said Progressive Ag analyst Tom Lilja in Fargo, N.D. However, to Scott Shiels of Grain Millers Canada in Yorkton, Sask. there’s a disconnect between those futures and cash prices for oats.
Feed Grains Weekly: Prices feeling the tariff pressure
This is a bit of an overreaction says broker
Reading Time: 2 minutes Even before tariffs were imposed by United States President Donald Trump on March 4, the levies were having an impact on Western Canadian feed grain prices, said Jay Janzen of CorNine Commodities in Lacombe, Alta.
China’s pulses to inch higher in 2024/25 says USDA attaché
Production has been shrinking
Reading Time: 2 minutes Total pulse production in China has been projected to increase slightly to 983,000 tonnes in 2024/25 compared to the 959,000 tonnes harvested the year before, according to the United States Department of Agriculture's attaché; in Beijing.
A message from April Stewart, Country Guide's Associate Editor
