Today European Union trade ministers agreed to impose prohibitive tariffs on cereals, oilseeds and derived products from Russia and Belarus from July 1, a move the bloc said would halt imports of these products.
Cereals
EU sets prohibitive tariffs on Russian, Belarusian grain from July
U.S. grains: Wheat loses steam after rally as traders eye Russian weather
Chicago wheat futures edged down on Wednesday as investors took profits after the recent rally and questions remained about whether forecasts for rain in Russia would stem a decline in harvest prospects in the world's biggest exporter.
Realized Canadian farm income up, net income down in 2023
Total farm cash receipts rose 4.4 per cent compared with 2022 on higher crop marketings; cattle prices
Realized net income for Canadian farmers rose 18.3 per cent in 2023 to C$14.5 billion, as growth in receipts offset a rise in expenses, according to a report from Statistics Canada released May 29.
Chicago soybeans/corn watching weather, wheat
Soybean and corn futures at the Chicago Board of Trade suffered a profit-taking correction on May 29, as speculative positioning and relatively favourable seeding progress across the United States weighed on values.
Manitoba crop report: Seeding continues despite large rainfall
Despite heavy rains as well as snowfall, Manitoba farmers were still able to make planting progress during the week ended May 25, according to the province’s weekly crop report.
Feeding dry fields
Prairie farmers find more than one way to optimize fertilizer efficiency, whether in dry growing seasons or in any growing season
Farmers and crop consultants in Western Canada have slightly different approaches to manage weather-related fertilizer application risks. With variable moisture, do you apply the full amount at seeding and hope for rain — or find another way? Most producers contacted by Grainews opt for some version of split fertilizer application when facing dry growing conditions […] Read more
Editor’s Rant: Strike one, two, three, et cetera
By the time the paper version of this issue reaches you (around May 28), we’ll probably know whether Canada’s rail engineers, conductors and yard workers have reached a new collective bargaining agreement, or hit the picket line for yet another strike, or been legislated back to work. Prairie grain farmers have already seen this movie […] Read more
Broadleaf herbicide formulations set for cereal crops
Corteva, Adama launch new combination products
A combo of Group 4 and 2 actives is Corteva Agriscience’s latest entry for spring and winter wheat and barley growers in the Prairies’ Black and Grey soil zones to use against broadleaf weeds. Extinguish XL, launched in mid-March, is billed as a “pre-formulated, all-in-one application that delivers control of tough weeds like cleavers, dandelion, […] Read more
U.S. grains: Wheat hits 10-month high on reduced Russian crop outlook
Chicago benchmark wheat futures rose on Tuesday, supported by reduced harvest projections in Russia, Wv1 hitting a 10-month high before paring gains.
St. Lawrence Seaway grain movement up five per cent in 2023
Grain movement through the St. Lawrence Seaway was up by five per cent in 2023 compared to the previous year, with Canadian wheat accounting for well over half of all the grain moved, according to a joint report from the Canadian St. Lawrence Seaway Management Corporation (SLMC) and the United States Great Lakes St. Lawrence Development Corporation (GLS) released May 27.