GFM Network News

Pulse weekly outlook: India market likely pushing up prices

Reading Time: < 1 minute MarketsFarm — Faced with weather concerns surrounding its pigeon pea crop, India has been very likely buying lentils from Canada, said MarketsFarm analyst Mike Jubinville. Over the last month, prices for large green lentils have jumped 25 per cent because of issues with pigeon peas, said Jubinville. Green lentils can be substituted for the pigeon […] Read more

Australia to import first wheat in 12 years as drought bites

Reading Time: < 1 minute Sydney | Reuters — Australia will import its first shipment of wheat in more than a decade as a drought across the country’s east coast wilts supply in the world’s fourth largest exporter of the staple grain. Australia’s Department of Agriculture and Water Resources said late on Tuesday that it has approved an import permit […] Read more

U.S. grains: Soybeans firm on South America weather worries

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Wednesday on worries about poor crop weather reducing yield potential in South America, analysts said, while traders continued to watch for any developments in U.S. trade relations with top global soy buyer China. Wheat firmed on hopes that rising prices in Russia, the world’s biggest exporter, […] Read more

World crop briefs: Black Sea’s oilseed yields seen larger

Reading Time: < 1 minute CNS Canada — The Black Sea region’s oilseed crop for 2018-19 is estimated 160,000 tonnes higher, at 43.36 million tonnes, according to the latest estimates by the U.S. Department of Agriculture. In its October estimates, USDA estimated Ukraine rapeseed production would come in at 100,000 tonnes more than previous estimates to 2.7 million tonnes. Turkey’s […] Read more

U.S. grains: Wheat, corn climb on bargain-buying

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures closed higher Tuesday on a technical bounce a day after the spot July contract neared a two-week low, and on worries about dry weather in the Black Sea crop region, analysts said. Corn also advanced, rebounding from a two-month low, while soybeans closed mixed as nearby contracts lost […] Read more

G3 co-owner SALIC looking at Iraq farmland

Reading Time: 2 minutes Dubai | Reuters –– The Saudi Agricultural and Livestock Investment Company (SALIC) is looking at more farmland investment opportunities and has its neighbour Iraq on the list. SALIC, an arm of the country’s Public Investment Fund (PIF), said it was also looking to expand its investments in the Black Sea region, which already includes almost […] Read more

Mexican tour participants, including Luis Cortes (l), have a hands-on opportunity to make tortillas in Cigi’s pilot bakery.

Competing with Russian wheat

Newer wheat classes provide an opportunity to serve Mexican markets that don’t need CWRS

Reading Time: 3 minutes Western Canadian wheat classes such as Canada Prairie Spring Red (CPSR) and the new Canada Northern Hard Red (CNHR) have recently been attracting attention from Mexican millers to meet their end-uses. Senior managers from Grupo Trimex, Mexico’s largest milling company and a customer of CWRS, attended a one-week technical exchange at the Canadian International Grains […] Read more

U.S. grains: Wheat lower on hefty global stocks

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures dipped to a one-week low on Monday as swelling harvest supplies in the Black Sea export region hung over a subdued market a day ahead of closely watched U.S. government crop forecasts. Soybean futures also declined, while corn edged higher in choppy trade. Chicago Board of Trade December […] Read more