Reading Time: 2 minutes MarketsFarm — Rapeseed production in India has been forecast to remain quite consistent, according to the U.S. Department of Agriculture (USDA) attaché in New Delhi. The attaché projected rapeseed production for 2023-24 to hold at 11.5 million tonnes, the same in 2022-23. USDA’s official numbers placed India as the world’s No. 4 producer of rapeseed, […] Read more
India’s rapeseed output to be steady
El Nino may be a spoiler
U.S. forecaster sees 62 per cent chance of El Nino developing during May-July
Argentina, parts of U.S. could benefit; Asian crops may not
Reading Time: 2 minutes Reuters — A U.S. weather forecaster on Thursday predicted a 62 per cent chance of the El Niño phenomenon developing in the Northern Hemisphere during May-July, and a strong chance toward end-year, likely compounding risks to crops across the globe. “The coastal warming in the eastern Pacific may foreshadow changes across the Pacific basin. Therefore, […] Read more
Pulse weekly outlook: World chickpea supplies expected tight over next six months
Reading Time: 2 minutes MarketsFarm — Chickpeas are expected to be in short supply around the world over the next six months, according to a release from the Global Pulse Confederation (GPC). Hot and dry weather in India cut production prospects for that country’s kabuli chickpea crop, according to the report. Production out of Mexico also failed to meet […] Read more
Pulse weekly outlook: India looking for lentils, large Australian crop in play
India extends zero-rate tariff
Reading Time: 1 minute MarketsFarm — An extension of zero-rate tariffs on lentils moving into India for another year should be a clear sign that the country is in the market for imports. However, Canadian lentil sales to India face stiff competition, with a large Australian crop likely to limit movement going forward. India announced at the end of […] Read more
Pulse weekly outlook: Chickpea prices up ahead of India harvest
Early outlook calls for more Canadian acres in 2023
Reading Time: 2 minutes MarketsFarm — Western Canadian chickpea prices are still on the rise while prices for other pulse crops are coming down as supply increases. High-delivered bids for Kabuli and B-90 types of chickpeas rose four cents per pound over the past week, according to Prairie Ag Hotwire on Jan. 23. As a result, the nine- and […] Read more
India allows exports of wheat flour processed from imported grain
Reading Time: < 1 minute New Delhi | Reuters — India has allowed export-oriented units and the firms set up in special economic zones to export flour made from imported wheat, a government order said on Friday, conceding to the demands of food processors to allow shipments of value-added products. India will allow food processors to import duty-free wheat against […] Read more
U.S. grains: Corn, soy, wheat rally ahead of USDA report next week
Fresh uncertainty about Ukrainian grain exports raises concerns
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures rallied on Friday, lifted by technical buying and short covering along with spillover support from higher equities and energy markets. Wheat and corn drew additional support from a weaker dollar and concerns about continued grain shipments from Ukraine amid Russian criticism of a U.N.-brokered export […] Read more
U.S. grains: Corn, soybeans steady
U.S. Midwest rain, Ukraine sea exports add pressure
Reading Time: 2 minutes Chicago | Reuters — Chicago soybeans inched higher on Wednesday, bouncing from two days of declines, though the recovery was limited by rain improving weather forecasts in the U.S. Midwest. Wheat prices fell, pressured by increased export activity from Ukraine, while corn traded near even. The most-active soybean contract on the Chicago Board of Trade […] Read more
Pulse weekly outlook: India extends lentil tariff suspension
Canada's 2022 crop looks nearer to normal
Reading Time: 2 minutes MarketsFarm — The decision by India’s government to continue with a suspension of import tariffs on lentils has been met with a sigh of relief from Pulse Canada. On Feb. 12, India removed an 11 per cent tariff on Canadian lentils, just seven months after reducing the same tariff from 33 per cent. On July […] Read more
June USDA report includes few changes or surprises
U.S. corn, soybean carryout projections down from May's
Reading Time: 2 minutes MarketsFarm — There were only a handful of major changes in the monthly supply and demand report released Friday by the U.S. Department of Agriculture (USDA). “I thought it was neutral to a little bit friendly,” said Terry Reilly, grains analyst with Futures International in Chicago. Perhaps most notable were the ending stocks for new-crop […] Read more
A message from April Stewart, Country Guide's Associate Editor
