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Tag Archives exports

Canola, Crops, Markets, Reuters

China yet to resume all canola imports from Canada, officials say

No correction measures yet shown, Chinese foreign ministry says

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Reading Time: < 1 minute Beijing | Reuters — China has yet to resume all canola imports from Canada, the foreign ministry said on Friday, after suspensions were imposed on some suppliers last year. Canola imports from some Canadian exporters were suspended by China because of quality reports and it has not received any correction measures, so imports have not […] Read more
Crops, Markets, Reuters

U.S. grains: Wheat firms after four-day slide

Corn hits 3-1/2-year low

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Friday, bouncing after a four-day slide, as traders weighed the threat of a deep economic downturn due to the coronavirus epidemic against supply tensions in some exporting countries. Corn extended a six-day drop, with May futures hitting the lowest for a most-active contract since September 2016, […] Read more
Canola, Crops, Markets

ICE weekly outlook: Canola loses strength at midweek

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts succumbed to pressure from comparable vegetable oils at midweek, after showing strength earlier in the week. Ken Ball of P.I. Financial said lower soyoil values put canola “under tremendous pressure.” Nearby soyoil contracts were down by about a penny on Wednesday. Earlier in the week, rumours swirled regarding the […] Read more
Canola, Crops, Markets

Canola dockage agreement with China expires, but limited exports to continue

Most remaining shipments meet Beijing's requirement

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Reading Time: 2 minutes Exports of Canadian canola seed exports to China will continue, at the same reduced pace seen since March last year — but only if it contains less than one per cent dockage. A memorandum of understanding (MOU) between the two countries allowing higher dockage ends Tuesday (March 31), a Canadian government official said in an […] Read more
General, Markets

Ottawa expected to ‘officially’ declare ag an essential service

The Western Grain Elevator Association says that designation will clarify things and help to keep grain moving

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Reading Time: 3 minutes Canada’s grain industry expects the federal government will soon officially declare agriculture an essential service. Wade Sobkowich, executive director of the Western Grain Elevator Association (WGEA), says that designation will have a practical application. “Hopefully it ends all confusion about grain workers at elevators, railway workers and anybody else required for moving grain, as to […] Read more
Crops, Lentils, Markets, Peas

Pulse weekly outlook: Lack of willing sellers underpins prices

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Reading Time: < 1 minute MarketsFarm — Pea and lentil bids in Western Canada are holding relatively steady for the time being, despite anecdotal reports of increased international demand due to the COVID-19 pandemic, with attention soon shifting to spring seeding. A lack of willing sellers is keeping pulse bids underpinned in Western Canada, according to broker Dale McManus of […] Read more
Crops, Markets, Reuters

U.S. grains: Wheat jumps to one-month top

Soy climbs, corn little changed

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures surged nearly four per cent on Monday and hit a one-month high, buoyed by strong buying by domestic flour millers as consumers stockpile bread, and signs of a pick-up in global export business, traders said. Soybeans rose on expectations of rising demand for soymeal, a feed ingredient. Corn […] Read more
Cereals, Crops, Markets

Solid demand, logistics underpin durum bids

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Reading Time: < 1 minute MarketsFarm — Durum bids in Western Canada have found some support from solid demand and logistical issues elsewhere in the world. Anecdotal reports of pasta hoarding, due to COVID-19 coronavirus concerns, were also somewhat supportive. Cash durum bids in Saskatchewan are currently in the $7.50-$8 per bushel range, according to Prairie Ag Hotwire data. That […] Read more
Crops, Markets, Reuters

Panic buying, lockdowns may drive world food inflation

World has ample grain and oilseed supplies, FAO and analysts say

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Reading Time: 3 minutes Singapore | Reuters — Lockdowns and panic food buying due to the coronavirus pandemic could ignite world food inflation even though there are ample supplies of staple grains and oilseeds in key exporting nations, a senior economist at FAO and agricultural analysts said. The world’s richest nations poured unprecedented aid into the global economy as […] Read more
Crops, Markets, Reuters

U.S. grains: Corn hits 18-month low

Soybean, wheat futures firm

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures plummeted 3.3 per cent to an 18-month low on Tuesday as traders said current prices were too high to generate demand from overseas buyers with the ongoing harvests in Brazil and Argentina providing cheaper offerings on the export market. Corn prices fell to their session lows just ahead […] Read more

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