Oilseeds Archives - Page 188 of 692

Mustard prices down amid rising prospects

By GFM Network News June 28, 2022

MarketsFarm – The most popular variety of mustard seed in Canada is seeing a recent downturn in price. While the prices of mustard in Western Canada are still much higher than last year, they have been steady to lower over the past month. According to Prairie Ag Hotwire, the high-delivered bid for yellow mustard is […] Read more

Poland is trying to move Ukraine grain by rail due to Russia’s blockade of Ukrainian sea ports on the Black Sea. Photo: IanChrisGraham/iStock/Getty Images

Reuters

Poland says EU goal for Ukraine grain movement not feasible by July

By GFM Network News June 28, 2022

Warsaw | Reuters – The European Union’s goal to move 20 million tons of grain out of Ukraine by the end of July is not feasible amid little progress in implementing EU and U.S. initiatives to ease logistics problems, the Polish agriculture minister said on Tuesday. Speaking to Reuters in an interview, Henryk Kowalczyk accused […] Read more

A view of Ceres Global Ag’s Northgate, Sask. facility as seen from its fertilizer shed in 2018. (Grainews photo by Lisa Guenther)

Canola, Crops, Markets

Ceres pulls plans for Saskatchewan canola crush plant

U.S. company suspends project citing higher-than-projected costs

By Dave Bedard, GFM Network News June 27, 2022

U.S. ag commodities firm Ceres Global Ag’s plans for a canola crush plant in southeastern Saskatchewan are now on indefinite hold. Minneapolis-based Ceres said Friday it’s suspending the crush project it announced in May last year and will terminate a related equipment design and supply contract, so as to reduce “project-related contract liabilities.” The proposed […] Read more

(Photo courtesy Canola Council of Canada)

General

Cash advances’ interest-free portion temporarily raised

APP funds now interest-free for first $250K

By Dave Bedard, GFM Network News June 27, 2022

The federal government’s low-interest loan guarantee program for Canadian farmers will sweeten the interest-free portion of its offer for the next two program years to help with farm cash flow. Agriculture Minister Marie-Claude Bibeau on Thursday announced a temporary increase in the interest-free portion of the Advance Payments Program to $250,000, up from the usual […] Read more

Crops

Alberta crops improve with rain

By GFM Network News June 24, 2022

MarketsFarm – Drought conditions that devastated crops in Alberta last year and were poised to do the same this year are becoming something in the past, according to the province’s latest crop report. Recent rainfall has been wiping out any notion of drought in 2022 as soil moisture conditions continued to improve across the province. […] Read more

Crops, Markets

Saskatchewan Crop Report: Rain falls on most of the province

By GFM Network News June 23, 2022

MarketsFarm – Rain fell on all growing regions of Saskatchewan during the week ended June 20 improving growing conditions, according to the province’s weekly crop report released on June 23. Most areas received at least 20 millimetres of rain during the week, with the communities of Prince Albert, Nipawin, Spiritwood and Kindersley all getting more […] Read more

ICE November 2022 new-crop canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Falling canola futures snowballing lower

By Phil Franz-Warkentin, GFM Network News June 23, 2022

MarketsFarm — ICE Futures canola contracts fell hard during the week ended Wednesday, with little indication of how much more room to the downside there could be. “Once the snowball starts rolling, it just rolls,” analyst Mike Jubinville of MarketsFarm said, adding there were no dynamic changes to the generally supportive canola fundamentals — but […] Read more

Crops, Markets

AAFC ups wheat production, usage numbers; stocks steady

By Phil Franz-Warkentin, GFM Network News June 22, 2022

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

CBOT July 2022 wheat (candlesticks) with 20-day moving average (green line), MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Wheat futures hit lowest since late March

Chicago corn, soybeans also weak

By Mark Weinraub, GFM Network News June 21, 2022

Chicago | Reuters — U.S. wheat futures sank 5.7 per cent on Tuesday to their lowest level in 2-1/2 months, pressured by early harvesting in the United States and Europe as well as fresh efforts to boost the amount of grain shipped from Ukraine. Corn futures were down three per cent as weather forecasts turned […] Read more

File photo of Black Sea port facilities at Odesa, Ukraine. (Leskas/iStock/Getty Images)

Crops, Reuters

Turkish team to discuss Black Sea grain corridor in Russia this week

Turkey proposes to monitor safe passage

By Reuters, GFM Network News June 21, 2022

Ankara | Reuters — Ankara’s military delegation will travel to Russia this week to discuss details of a possible safe sea corridor in the Black Sea to export Ukrainian grain, Turkish presidency sources said on Tuesday. Russia’s TASS agency confirmed plans for the talks, citing Kremlin spokesman Dmitry Peskov. Russia’s Feb. 24 invasion of Ukraine […] Read more

U.S. livestock: Hog futures hit contract highs on shock herd decline

Alberta Crop Report: Harvest more than three-quarters finished

NFU says proposed plant breeders’ rights come at farmers’ expense

GFM Network News