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
Pulse weekly outlook: Chickpea prices up ahead of India harvest
Early outlook calls for more Canadian acres in 2023
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
U.S. grains: Wheat firms after earlier slide
Corn struggles to regain; soy firm
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures gained on Thursday after reaching two-month lows as liquidation by investment funds abated and supply tensions remained despite talks to reopen Ukrainian ports that have been blocked since Russia’s invasion. A large wheat purchase by Egypt and a report that the U.S. government may retroactively raise an ethanol […] Read more
CBOT weekly outlook: Rallies end as plantings continue slow pace
Reading Time: 2 minutes MarketsFarm — Soybean and wheat prices on the Chicago Board of Trade (CBOT) rallied throughout the week, but may start to ease as spring plantings progress. Terry Reilly, senior agriculture futures analyst for Futures International in Chicago, said India’s newly-implemented ban on wheat exports starting last Saturday due to a severe heat wave was the […] Read more
U.S. grains: Chicago wheat firm as worries about global supplies remain
Corn retreats, soybeans also firm
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures rallied on Tuesday, even after India said it would allow overseas wheat shipments awaiting customs clearance, as traders focused on an unrelenting question roiling global prices: Where will the world get its grain? The most-active wheat contract on the Chicago Board of Trade (CBOT) dipped early in the […] Read more
U.S. grains: Chicago wheat limit up on India’s export ban
CBOT corn, soybeans also higher
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures hit their daily 70-cent trading limit cap on Monday after India banned exports of the grain, an abrupt policy change that fanned concerns about global supplies strained by Russia’s invasion of Ukraine. The wheat rally sent spillover strength to corn futures, as global buyers, who were banking on […] Read more
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