Signage on Viterra’s office building in Regina. (Dave Bedard photo)

Viterra in talks to merge with Bunge, source says

Merger would vault Viterra into top tier of grain trade

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

File photo of a barley seedling. (SusanHSmith/iStock/Getty Images)

Feed weekly outlook: Rain falls, grain prices to follow

U.S. corn values expected to decline

MarketsFarm — Feed grain prices in Western Canada are showing the usual seasonal weakness as spring seeding continues, but prices are set to fall further. “I think as we get going, (prices) are going to lower down quite a bit,” Mike Fleischhauer of Eagle Commodities Ltd. at Lethbridge said. “The corn market over the next […] Read more


File photo of a federal office building in downtown Winnipeg. (Dave Bedard photo)

AAFC projecting canola ending stocks to tighten

New-crop wheat ending stocks figure boosted

MarketsFarm — Canadian canola ending stocks in both the current marketing year and upcoming 2023-24 season will be tighter than earlier estimates, according to supply/demand projections from Agriculture and Agri-Food Canada (AAFC) on Tuesday. Factoring in Statistics Canada’s latest acreage estimates and its data for stocks as of March 31 — figures both released in […] Read more




(Dave Bedard photo)

FCC offers new credit line against ‘current economic environment’

Ag lender to waive loan processing fees

Farm Credit Canada’s recent outreach to specific agrifood sectors hit by unusual environmental conditions has now extended to those hit by the broader “economic environment.” The federal ag lender on Tuesday said it will offer an unsecured credit line of up to $500,000 with loan processing fees waived, “to help producers, agribusinesses and agri-food operations […] Read more


Aerial view of a breakwater near Ukraine’s Black Sea port of Pivdennyi (formerly Yuzhny) near Odesa. (Viktor Ketal/iStock/Getty Images)

Russia preventing Black Sea grain deal port from operating, Ukraine says

Black Sea Grain Initiative was extended last week

Kyiv | Reuters — The Ukrainian port of Pivdennyi has halted operations because Russia is not allowing ships to enter it, in effect cutting it out of a deal allowing safe Black Sea grain exports, a Ukrainian official said on Tuesday. The Black Sea Grain Initiative signed by Russia and Ukraine last July, and extended […] Read more

CBOT July 2023 soft red winter wheat with 20-day moving average, MGEX July 2023 hard red spring wheat (yellow line) and K.C. July 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat up off two-year low, pulls corn higher

Soybeans down on profit-taking

Chicago | Reuters — U.S. wheat futures rose 2.6 per cent on Tuesday, bouncing from their lowest in more than two years, on concerns that Ukraine’s exports were being restricted despite the extension of the Black Sea export deal, traders said. The gains in wheat lent support to corn futures, while soybeans retreated on profit-taking […] Read more


Smoke rises from the southeast side of a wildfire being tackled by helicopters near Shining Bank, Alta., about 200 km west of Edmonton, on May 19, 2023. (Photo: Alberta Wildfire/Handout via Reuters)

Prairie Forecast Update: A few small tweaks

Update issued May 21, 2023, covering May 21-24, 2023

The weather models are continuing to do a good job with the short- to medium-range forecasts, but there have been a couple of small changes that have been slowly working into the forecast. Weak troughing off the West Coast is still forecasted to kick off the development of a leeside low in Alberta. This low […] Read more

CBOT July 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, soy futures rally

Wheat up off lowest level since March 2021

Chicago | Reuters — U.S. soybean and corn futures rallied on Monday and wheat futures firmed as a round of bargain buying supported commodities prices after a bearish global supply picture pushed prices sharply lower this month. The benchmark Chicago Board of Trade wheat contract dropped below $6 a bushel for the first time in […] Read more