Early expectations point to increased Canadian grain production in 2024/25, which should cut into corn imports from the United States, according to a report from the U.S. Department of Agriculture’s attaché in Ottawa.
Cereals
Canadian corn imports expected to slow in 2024/25
U.S. grains: Wheat futures rally on dry weather concerns, Black Sea attacks
Chicago Board of Trade wheat futures continued their steady climb on Wednesday, as dry weather raised concerns in key growing regions and Russian attacks in the Black Sea area threatened to disrupt supply chains.
CBOT weekly outlook: May futures winding down, coming rains factor into prices
As the last full of week of April is set to wind down, two factors will determine the course of United States soybean, corn and wheat futures. Those are the rain forecast for the weekend of Apr. 27 and 28, and last day for May futures on Apr. 26, according to hedging strategist Scott Capinegro of AgMarket.net.
Canada’s worries about Bunge-Viterra deal may force asset sales
Regulators in 13 jurisdictions, including the U.S., EU, have not yet approved the deal
Canada's competition concerns about U.S. agribusiness Bunge's planned takeover of rival Viterra sets the stage for the companies to sell some assets to close the deal, experts said.
U.S. grains: Wheat extends rally as US crop rating fall keeps weather in focus
Chicago wheat surged to a two-month high on Tuesday as a decline in U.S. winter wheat conditions focused attention on weather risks to northern hemisphere crops.
Canadian Grain Commission appoints new chief
Longtime Manitoba civil servant David Hunt has been appointed Chief Commissioner of the Canadian Grain Commission the federal government announced today.
EU lawmakers back Ukraine food import extension, with curbs
The European Parliament voted on Tuesday to back a year-long extension to tariff-free trade for Ukrainian farm produce, while introducing new curbs on the level of imports to assuage protesting EU farmers.
Competition bureau has major concerns about proposed Bunge-Viterra merger
The Competition Bureau on Tuesday said it had identified major competition concerns around the proposed merger between U.S. grains merchant Bunge and Glencore-backed Viterra.
U.S. grains: Wheat futures rally as weather risks rattle markets
U.S. wheat futures rallied to their highest point in more than two months before the session closed on Monday as crop weather concerns in the Northern Hemisphere supported prices and triggered technical buying and short covering, which accelerated the climb, analysts said.
ADM CFO to resign as company faces US government investigation
Grain trader Archer-Daniels-Midland said on Monday that Chief Financial Officer Vikram Luthar will resign from his role effective Sept. 30.