Reading Time: < 1 minute Fund traders were back on the sell side of the canola market in early June, putting on fresh bearish bets and growing their net short position, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC). As of June 4, 2024, the net managed money short position in […] Read more
Fund short position grows in canola
Prairie wheat bids climb with U.S. futures
Reading Time: 2 minutes Spring wheat bids in Western Canada climbed higher during the week ended April 25, as a rally in United States futures provided support. Chart-based speculative buying was behind much of the strength in the futures, as fund traders bought back some of their large net short position. Declining crop ratings for U.S. winter wheat, the […] Read more
Ukraine’s Dec Black Sea food exports top U.N.-brokered deal at its peak
Kyiv believes it has managed to dislodge Russian forces from the western part of the Black Sea
Reading Time: 2 minutes Ukraine exported 4.8 million metric tons of food via its Black Sea corridor in December, surpassing the maximum monthly volume exported under a previous U.N.-brokered grain deal, brokers said on Wednesday.
EU ag commissioner pushes for extension of Ukraine grain import ban
Restrictions due to expire Friday
Reading Time: 2 minutes Brussels/Bucharest | Reuters — The EU agriculture commissioner said on Tuesday said he believes the European Commission should extend a temporary ban on Ukraine imports into five neighouring EU states, as the measure helped boost exports outside the bloc. Ukraine has become entirely dependent on alternative European Union routes, called Solidarity Lanes, for its grain […] Read more
Black Sea grain shipments shrink amid Ukraine deal doubts, Cargill exec says
'Grey/black' fleet seen handling more Russian traffic
Reading Time: 2 minutes London | Reuters — South American grain exports are set to overshadow Black Sea shipments this year as doubts grow over a U.N.-backed Ukraine deal and international traders cut commercial activities in Russia, a top executive with major commodities group Cargill said. The Black Sea grain deal, which allows the safe passage of grains through […] Read more
Viterra in talks to merge with Bunge, source says
Merger would vault Viterra into top tier of grain trade
Reading Time: 2 minutes Reuters — Global grain trader Viterra is in talks to merge with U.S. rival Bunge Ltd., according to a person familiar with the matter, in a potential mega-deal that would reshape the top tier of global grains merchants. There is no certainty that Viterra, part-owned by Switzerland-based mining and trading giant Glencore, will be able […] Read more
EU sets Ukraine grain import restrictions in five countries until June 5
Supports pledged for farmers in those countries
Reading Time: < 1 minute Brussels | Reuters — The European Commission said on Tuesday it set restrictions until June 5 on imports of Ukrainian wheat, maize, rapeseed and sunflower seed to ease the excess supply of these grains in Bulgaria, Hungary, Poland, Romania and Slovakia. The EU executive arm said that during that period, Ukrainian wheat, maize, rapeseed and […] Read more
Soy complex crushed by selloffs
Reading Time: 2 minutes While canola had undergone another week of sharp losses before bouncing back with a double-digit gain on March 23, the Chicago soy complex also had a week to forget. The May soybean contract fell to US$14.1950 per bushel at the end of March 23 after a one-day, 29-cent drop. It was the ninth negative session […] Read more
Canola industry ready to move forward
Reading Time: < 1 minute The Canola Council of Canada celebrated a return to normalcy at its annual meeting at the Canadian Crops Convention in Ottawa. “Our theme this year is ‘from adversity to opportunity’ and I think that’s very fitting,” said Jim Everson, the group’s president. Production has rebounded following the drought of 2021, meaning there’s opportunity to develop […] Read more
Mintec acquires Agribriefing to expand agrifood data offering
Reading Time: < 1 minute Paris | Reuters — British market intelligence firm Mintec announced on Tuesday the acquisition of Agribriefing in a deal it said would create a leading global provider of data on agricultural and food markets. Financial details were not disclosed. Agribriefing’s businesses include protein price-reporting agency Urner Barry and crop consultancy Strategie Grains, the latter acquired […] Read more
A message from April Stewart, Country Guide's Associate Editor
