Reading Time: 2 minutes Istanbul/United Nations | Reuters –– Russia, Ukraine, Turkey and the United Nations are due to sign a deal next week aimed at resuming Ukraine’s Black Sea grain exports, but U.N. chief Antonio Guterres warned there was still “a long way to go” before there would be peace talks to end the war. Turkish defence minister […] Read more
Ukraine grain exports deal to be signed next week, Turkey says
USDA attaché alters call on China’s ending stocks
Reading Time: 2 minutes MarketsFarm — Ahead of the July world supply and demand estimates from the U.S. Department of Agriculture (USDA), due out Tuesday, the department’s attaché in Beijing put forth its forecast changes. The attaché lowered ending stocks for China’s new-crop soybeans and rapeseed, while it increased the carryover for new-crop corn and wheat, in reports released […] Read more
AAFC ups wheat production, usage numbers; stocks steady
Reading Time: 2 minutes MarketsFarm — Projected ending stocks of Canada’s major crops were left relatively unchanged in the latest supply/demand estimates from Agriculture and Agri-Food Canada, released Monday, although there were some revisions to the wheat production and usage numbers. The government agency raised its forecast for total Canadian wheat production in 2022-23 to 33.092 million tonnes, up […] Read more
It’s time to be paid for oil content in canola
Farmers are encouraged to select varieties and use production practices to boost oil content, but they don’t get paid for it on the driveway
Reading Time: 8 minutes Growers have been paid for high protein in wheat for more than 40 years. It’s time they’re also paid for high oil content in canola. Discussions on paying oil premiums have been around for years, culminating about a decade ago when a major push by farmers and farm organizations for the introduction of oil premiums […] Read more
Thunder Bay grain shipments down on year through two months
Reading Time: < 1 minute MarketsFarm — Grain shipments through the Port of Thunder Bay are running well behind normal through the first two months of the 2022 shipping season, according to a release from the port. However, potash movement through the port is up considerably, with inbound shipments of general cargo also strong. Grain shipments through the end of […] Read more
Planting progress picking up in Saskatchewan
Reading Time: < 1 minute MarketsFarm — Overall spring planting across Saskatchewan reached 33 per cent complete as of Monday, according to the latest weekly crop report from Saskatchewan Agriculture. Despite the good progress over the week, that’s still 20 points behind the five-year average. When compared to the excellent progress this time last year, the gap expands to 41 […] Read more
ICE weekly outlook: Jittery spring market for canola
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts saw a sharp downward correction in early trading days of May, after setting all-time highs in April. While the correction was long overdue, underlying supportive influences remain in place and the market could be due for some sideways trade as participants now wait to get a better handle on […] Read more
Elevator declarations changing Aug. 1
CGC says the move won't harm Canada's grain quality assurance system
Reading Time: 3 minutes The declarations of eligibility western Canadian farmers sign before delivering to elevators, effective Aug. 1, will no longer include crops that don’t require end-use quality assessment as part of the variety registration process. “It’s not a big change,” Canadian Grain Commission (CGC) spokesman Remi Gosselin said in an interview Thursday. Wade Sobkowich, executive director of […] Read more
ICE weekly outlook: Canola books steep rise in prices
Reading Time: 2 minutes MarketsFarm — Canola prices, along with other edible oils, received a strong boost on Wednesday due to sharp upticks in Malaysian palm oil values. Canola futures have also received support from a bullish forecast this week from Statistics Canada on planted acres for this spring. Despite the Indonesian government stating Monday its export ban on […] Read more
U.S. grains: Soyoil futures rally to record high
Corn hits highest since August 2012
Reading Time: 2 minutes Chicago | Reuters — U.S. soyoil futures surged to a record high on Wednesday after Indonesia broadened its export ban on raw materials for cooking oil to fight food inflation, traders said. “The move dramatically tightens an already tight global supply of edible oils that saw global prices surge when the Russian invasion of Ukraine […] Read more
A message from April Stewart, Country Guide's Associate Editor
