Reading Time: 5 minutes I remember one Christmas Eve walking in minus 38, and then a week later saw the mercury hit plus 46 on New Year’s Day. Such are the outcomes of a 14-hour plane journey between Canada and Australia. But despite the different weather, I will tell anyone who will listen that Australia and Canada have much […] Read more
More competition for Canada from Down Under
Australia has learned how to grow its grain exports. Is Canada paying attention?
U.S. grains: CBOT wheat nears two-month low
Corn declines; soy ends firm
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell nearly four per cent on Wednesday and European wheat fell three per cent as a bumper Australian harvest and signs of continued competition from Black Sea supplies added to technical pressure, traders and analysts said. Corn followed wheat lower while soybean futures ended modestly higher after monthly […] Read more
U.S. grains: Wheat hits one-month low on USDA projections
Corn, soybean futures rise
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures slumped to a one-month low on Thursday after the U.S. Department of Agriculture forecast larger-than-expected global production and stocks in a monthly report that reinforced a recent spate of bearish news. Corn and soybean futures tracked wheat lower, but promptly rebounded from their lows on speculative and technical […] Read more
CBOT weekly outlook: Markets ‘resilient’ in face of Omicron
Reading Time: 2 minutes MarketsFarm — While fears over the newly-identified Omicron COVID-19 variant caused a sharp downturn Friday in oil and equities, crop prices on the Chicago Board of Trade (CBOT) were not as hard hit. “This new COVID-19 variant has got some traders spooked in the market here in thinking there might be some economic slowdown and […] Read more
U.S. grains: Wheat drops as U.S. dollar edges higher
Australia forecasts record wheat crop; corn, soy down on good South America weather
Reading Time: < 1 minute Chicago | Reuters — U.S. wheat futures retreated on Monday on a firmer dollar and as a record harvest outlook from major exporter Australia eased recent concerns about rain-damaged crops. Corn and soybeans followed wheat lower, pressured by technical selling and profit-taking and by good weekend rains in Argentina and parts of Brazil. Chicago Board […] Read more
U.S. grains: Wheat soars to nine-year peak on supply concerns, strong demand
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rallied to their highest in nearly nine years on Monday as ill-timed rains in Australia and rising Russian wheat prices stoked concerns about tightening supplies among the world’s top exporters. Corn and soybeans followed wheat higher, with additional support from a waning U.S. harvest and strong domestic demand […] Read more
Canadian investments in Australia – A focus on agriculture
Canadian investment funds see smart growth in Aussie agriculture
Reading Time: 5 minutes Over the past decade Canadian companies and pension funds have increasingly chosen Australia as a destination for investment, and they have been strategic in their approach, targeting key assets. The amount of Canadian investment in Australia outstrips Australian investment in Canada by a rate of about three to one. The commercial relationship is built on […] Read more
U.S. grains: Wheat firms on global supply concerns
Fertilizer risks underpin corn; soybeans weighed by harvest, firmer crush lends support
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat rose on Friday, supported by global supply concerns and an easing dollar. Corn followed wheat higher, but gains were dragged down by pressure from a lower soybean market as U.S. farmers reap better-than-expected harvests of the oilseed. The most-active wheat contract on the Chicago Board of Trade (CBOT) ended […] Read more
U.S. livestock: CME cattle futures touch one-week highs
Chicago lean hogs retreat
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit one-week highs on Monday on technical buying and short covering, while lean hog futures tumbled, traders said. The gains in cattle came after the market sank to a four-month low on Friday. “This market is technically very oversold,” said Brian Hoops, president of broker […] Read more
Canada’s drought forces canola importers to turn elsewhere
'Importers...are going to be left out in the cold'
Reading Time: 2 minutes Winnipeg | Reuters — Canada’s smallest canola harvest in 13 years, resulting from severe drought, is forcing importers like Japan and Mexico to pay more or scour other countries for the yellow-flowering oilseed. With the scant available Canadian canola fetching high prices, customers of the world’s biggest canola exporter are leaning more heavily on smaller-producing […] Read more
A message from April Stewart, Country Guide's Associate Editor
