Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures eased to contract lows on Friday, capping a week of five straight days of declines that saw the market shed 4.6 per cent of its value. Soybean futures also were weaker while corn edged higher on a mild short-covering bounce. A forecast for bigger-than-expected wheat production in Canada […] Read more
U.S. grains: Wheat hits contract lows
Canola stocks look less tight in StatsCan report
Reading Time: 2 minutes CNS Canada — Canadian farmers grew a record amount of canola in 2017, despite weather concerns, according to updated production estimates on Wednesday from Statistics Canada. The agency pegged production in 2017-18 at 21.3 million tonnes, up from the September estimate of 19.7 million and last year’s total of 19.6 million. The rise in production […] Read more
Larger crops expected in StatsCan report
Reading Time: 2 minutes CNS Canada — Canada’s canola and wheat production likely ended up larger than earlier expectations, but just how much more remains to be seen, as industry participants await the Statistics Canada production report due out Wednesday. “The finish seemed to be better than what the weather looked like earlier in the year,” said Neil Townsend […] Read more
Trade expecting bigger canola, wheat numbers from StatsCan
Reading Time: 2 minutes Reuters — Canadian farmers harvested the biggest canola crop on record, slightly larger than was expected in September, a Reuters survey of 15 traders and analysts showed ahead of a key government report. Wheat production is also seen higher than earlier expectations, as favourable weather produced big yields. Statistics Canada will release its final crop […] Read more
Russia takes on the world
Millions of acres in Russia had been waiting for someone to farm them. Now they’re bursting with grain
Reading Time: 6 minutes For many Canadian grain growers, this year’s weather concerns, disease pressure, high input costs, and low crop prices made it seem like we’ve already been facing the perfect storm. However, there is an even bigger threat on the horizon — Russia. In the first week of October, while most Canadian growers were still busy with […] Read more
Focus on quality, not quantity following StatsCan report
Reading Time: 1 minute CNS Canada –– This year’s Canadian wheat production was up considerably from last year, according to updated estimates from Statistics Canada — but the quality of that crop remains questionable. All-wheat production (spring, winter and durum wheat combined) was pegged at 31.7 million tonnes in 2016-17, which compares with 27.6 million in 2015-16. Of that […] Read more
StatsCan’s canola estimates taken with grain of salt
Reading Time: 2 minutes CNS Canada — Statistics Canada’s latest crop production estimates are in and while they may raise a few eyebrows, the numbers aren’t likely to cause havoc in the markets, according to most trade analysts. StatsCan on Tuesday pegged canola production in 2016-17 at 17 million tonnes. That compares to pre-report ideas of 15.9 to 20 […] Read more
Industry bracing for potentially large StatsCan crop estimates
Reading Time: 2 minutes CNS Canada — Canadian farmers are sitting on large crops ahead of this year’s harvest, although just how large remains to be seen as industry participants await Statistics Canada’s first survey results of the crop year, set for release on Tuesday. Pre-report trade estimates on canola production range anywhere from 16 million to 20 million […] Read more
Iran banning all state wheat imports
Reading Time: < 1 minute Dubai | Reuters –– Iran banned state imports of wheat for a year starting on March 20, Tasnim news agency reported on Monday, ordering officials to stop registering new purchase orders. “There is no need for wheat imports in coming year. Please avoid registering any order for wheat (imports) from this date,” Iran’s minister of […] Read more
USDA’s corn, stocks view misses forecasts; prices surge
Reading Time: 2 minutes Washington | Reuters — U.S. corn and soybean supplies ballooned to record levels during the last three months of 2015 following bountiful harvests of both commodities and cutbacks in usage, according to government data released on Tuesday. But grain stocks lagged market forecasts, and corn and soybean production was smaller than previously estimated, the U.S. […] Read more
A message from April Stewart, Country Guide's Associate Editor
