Reading Time: 2 minutes India may be looking at a record large red lentil crop in 2023/24, although poor monsoon rains are expected to cut into total pulse area and production, according to reports out of the country.
India looking at large lentil crop, but pulses down overall
Delayed onset of northeast monsoon slowed harvests, shortened planting window
Large fund short position in canola edges lower
Net short position in soybeans grew to its largest level in nearly four years
Reading Time: < 1 minute Managed money fund traders only made small adjustments to their large net short position in canola futures during the week ended Jan. 23, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
ICE canola weekly outlook: Market stabilizing, but for how long?
Domestic crushers running at full capacity but export demand lacking
Reading Time: < 1 minute ICE Futures canola contracts continued to show some modest strength during the week ended Jan. 24, as the market stabilized above the lows hit earlier in the month. However, whether the uptrend continues or canola retreats to fresh lows remains to be seen.
Only minor acreage shifts expected for most Canadian crops in 2024
Major pulse crop acres expected to rise; canola, wheat expected to dip slightly
Reading Time: < 1 minute Early planting estimates from Agriculture and Agri-Food Canada called for only minor adjustments to most major crops grown in the country in 2024, with reductions in wheat, canola and barley acres, and increases in oats and pulses.
Early signs point to increased crop production in 2024/25: AAFC
Rotation, moisture, expected prices, costs among main factors expected in seeding decisions
Reading Time: 2 minutes A return to trend yields should see an increase in production for most of the major crops grown in Canada in the upcoming 2024/25 (Aug/Jul) marketing year, according to the first outlook for the season from Agriculture and Agri-Food Canada released Jan. 22.
Record large short position grows in canola
CBOT net short position on soybeans more than doubled
Reading Time: < 1 minute The record large net short position in ICE Futures canola continued to rise in mid-January, as fund traders put on more bearish bets and liquidated long positions, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Western Canadian wheat bids trend down with U.S. futures
Canadian dollar weakened relative to U.S. counterpart
Reading Time: 2 minutes Spring wheat bids in Western Canada continued to trend lower during the week ended Jan. 18, as a move to contract lows in the United States futures weighed on values and countered support from a weaker Canadian dollar.
Western Canadian feed market cold, but quiet
General trend in barley pricing flat to lower
Reading Time: < 1 minute Extreme cold temperatures in Western Canada have done little to move the needle on feed grain markets as corn continues to come up from the United States and end users appear well covered for the time being.
Bulk ocean freight rates fall from highs despite uncertainty
Container rates have climbed higher as Houthi attacks in the Red Sea have caused diversions
Reading Time: < 1 minute The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, has dropped sharply over the past month after hitting 18-month highs in early December. Meanwhile, container rates have climbed higher over the same period as attacks by Houthi militants in the Red Sea have caused many shipping companies to divert their vessels.
USDA confirms larger U.S. lentil/pea/chickpea crops
Edible bean production down slightly with lower seeded area, yield
Reading Time: 2 minutes Final production estimates for the past growing season from the United States Department of Agriculture confirmed larger lentil, dry pea and chickpea crops in the country in 2023/24 compared to the previous year, as yields improved for all three crops. However, edible bean production was down slightly as both yields and seeded area were down for the crop.
A message from April Stewart, Country Guide's Associate Editor
