Reading Time: 2 minutes Chicago | Reuters — Chicago soybean prices fell for a second session on Wednesday, despite recent export activity, with analysts pointing to traders squaring positions heading into the end of the month. Wheat traded higher, supported by global demand and concerns about Canada’s crop. Corn was near even as traders wait for the harvest to […] Read more
U.S. grains: Soybeans dip, despite exports
Damage to Canada's durum could impact pasta prices
Vietnam to call off thistle seed ban in grain imports
Move will restore regular grain trade, Cereals Canada says
Reading Time: 2 minutes Vietnam is expected to resume nearer-to-normal grain trade with exporting nations such as Canada, after it loosens a significant restriction on weed seed content. Cereals Canada, a national cereals industry group, on Friday reported that Vietnam’s agriculture ministry has released a revised quarantine pest list due to take effect Sept. 29. The new list, Cereals […] Read more
Canada says will join as third party in U.S.-Mexico corn dispute
Mexico's measures 'not scientifically supported,' ministers say
Reading Time: < 1 minute Reuters — Canada said Friday it will participate as a third party in dispute settlement proceedings between the U.S. and Mexico regarding genetically modified (GM) corn in imported tortillas and dough, citing concerns about Mexico’s stance on the matter. The decision follows Washington’s request for a dispute settlement panel through the Canada-U.S.-Mexico Agreement (CUSMA), which […] Read more
July canola crush sets new records
Soybean crush down slightly from last July
Reading Time: < 1 minute MarketsFarm — Statistics Canada reported very sizeable increases in the July canola crush when compared to a year ago. In fact, the month’s crush was not only a record for July but also for any month. Meanwhile, StatCan found the July soybean crush was slightly lower than in July 2022. The federal agency pegged the […] Read more
U.S. escalates Mexico corn trade spat with dispute panel request
Canada 'considering its next steps'
Reading Time: 3 minutes Washington | Reuters — The United States on Thursday escalated its objections to Mexico’s curbs on genetically modified corn imports, requesting a dispute settlement panel under the North American trade pact, the U.S. Trade Representative’s office said. The request to send the dispute to arbitrators was announced after formal consultations failed to resolve deep divisions […] Read more
Pulse weekly outlook: Chickpea market neither bullish nor bearish
Market players awaiting harvest
Reading Time: 2 minutes MarketsFarm — Hot and dry growing conditions earlier in the growing season cut into Canada’s chickpea yields in 2023-24, but quality should be good if the weather co-operates through the harvest. Canadian farmers planted 315,600 acres of chickpeas in 2023, which was well above the 233,800 acres seeded the previous year, according to Statistics Canada […] Read more
Canada’s record-setting wildfires could persist for rest of ‘marathon’ summer
Country's fires account for over a quarter of world's carbon for 2023
Reading Time: 2 minutes Ottawa | Reuters — Record-setting wildfires in Canada could potentially continue burning at an abnormally high rate for several more weeks, though the spread of blazes is likely to start diminishing in September, according to federal projections released on Friday. Forest fires have engulfed parts of nearly all 13 Canadian provinces and territories this year, […] Read more
ICE weekly outlook: canola market heading towards choppy waters
Markets will pause to see how the crops finish developing: analyst
Reading Time: 2 minutes Marketsfarm – While the recent gains in canola on the Intercontinental Exchange were likely generated by the spreaders, the market will probably become choppy, according to Ken Ball, trader with PI Financial in Winnipeg, Man. “Spreaders for the last few days have been selling canola and buying soyoil,” Ball suggested in a July 26 interview, […] Read more
ICE weekly outlook: C$900 per tonne in reach for canola
Black Sea deal's end, Russian attack on Odesa, pushing all prices up
Reading Time: 2 minutes MarketsFarm – Sporadic rainfall across the Prairies has not been enough to stop canola’s upward momentum during the week ended July 19, while a pair of other factors are fueling the oilseed’s rise. The November canola contract went from settling below the C$800 per tonne mark (C$797.50/tonne) on July 12 to exceeding the C$850 mark […] Read more
ICE weekly outlook: Canola climbs on weather worries
Demand rationing also seen as supportive
Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market moved steadily higher during the week ended Wednesday, hitting its strongest levels in more than four months as bullish chart signals and production uncertainty across the Prairies provided support. A bearish reaction in the Chicago soy complex to the latest supply/demand estimates (WASDE) from the U.S. Department of […] Read more
A message from April Stewart, Country Guide's Associate Editor
