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Oilseeds

(GZKele/iStock/Getty Images)
Crops, Markets

Sunflower seed market falls back to Earth

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MarketsFarm — Sunflower growers in Canada took off a bumper crop in 2020, almost hitting the 100,000-tonne mark for the first time since 2010. The forecast for this year’s crop isn’t as sunny. Agriculture and Agri-Food Canada’s latest outlook, released earlier this month, predicts the national sunflower seed crop in 2021 at 75,000 tonnes off […] Read more
CBOT May 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soy, wheat futures ease in setback from surges

Sovecon raises Russian wheat export forecast

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Chicago | Reuters — U.S. grain and soybean futures eased on Monday in a setback from rallies driven by concerns about tight crop supplies. The markets will likely not decline too sharply, traders said, because of strong demand from China and the need for large global harvests. In corn, speculative bullishness in corn remains near […] Read more
(Strickke/E+/Getty Images)
Crops, Machinery, Weather

Grain drying relief moving forward, one way or other

Governing Liberals telegraph plans to introduce their own measure

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Despite voting against a bill to exempt certain farm fuels from the carbon tax, the governing federal Liberals say tax relief for grain drying is coming. Conservative MP Philip Lawrence’s private member’s bill C-206, An Act to amend the Greenhouse Gas Pollution Pricing Act (qualifying farming fuel), passed second reading in the House of Commons […] Read more
CBOT May 2021 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Profit taking pressures wheat, corn, soybeans

Warmer spell also drags on winter wheat futures

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Chicago | Reuters — Chicago Board of Trade wheat futures slid 2.8 per cent on Friday, their second straight day of declines, on a profit-taking setback as warming weather in the U.S. reduced the threat of damage to the dormant crop, traders said. Corn and soybean futures also were weaker but closed well above session […] Read more
(Stanzi11/iStock/Getty Images)
Dairy Cattle, Livestock

Dairy farmers asked to pass on palm byproducts in rations, for now

Seek out other ingredients while hard-butter issue under review, DFC asks

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Canadian dairy farmers whose feed rations include supplements made with palm byproducts are being asked to consider other options while consumer complaints over butter are probed more closely. Dairy Farmers of Canada on Thursday asked its farmer members to “consider alternatives to palm supplements” pending the outcome of a review of “issues that have been […] Read more
One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)
Crops, Markets

Few alterations seen in new global supply/demand report

IGC expecting more corn grown this year

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MarketsFarm — There were few notable changes in the latest monthly supply-and-demand report from the International Grains Council (IGC) on Thursday. One of the more significant alterations was its 1.42 per cent increase to total global production from that in 2019-20, at nearly 2.216 billion tonnes. It also raises its estimate for this marketing year’s […] Read more
CBOT May 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Weak export sales report pushes soy, wheat lower

Weekly corn exports slip to eight-month low

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Chicago | Reuters — Chicago Board of Trade soybean futures fell 1.3 per cent on Thursday, after hitting a 6-1/2-year high overnight, on signs of poor export demand for U.S. supplies, traders said. Weak overseas demand also pressured the corn and wheat markets. “You had poor export sales,” said Jim Gerlach, president of U.S. broker […] Read more
File photo of a rye field in Kazakhstan. (Stsmhn/iStock/Getty Images)
Crops, Reuters

Kazakhstan’s president orders ban on foreign ownership of farmland

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Almaty | Reuters — Kazakhstan will permanently ban foreigners from owning or renting farmland in the vast central Asian nation, President Kassym-Jomart Tokayev said on Thursday, ending a lengthy dispute that once prompted anti-government protests. Kazakhstan is a major producer of grains, oilseeds and meat in the former Soviet region sandwiched between China and Russia […] Read more
File photo of the Prince Rupert Grain Terminal. (Dan_prat/iStock/Getty Images)
Crops, Markets, Weather

Grain shortage, cold snap cause delays at West Coast ports

'...the vessels continue to arrive'

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MarketsFarm — Grain movement in Western Canada remains faced with significant difficulties, according to Mark Hemmes, president of Quorum Corp., which monitors rail traffic and vessel movements in Canada. February’s cold snap resulted in grain movement across the region falling below its three-year average. The most pressing issue has been a shortage of grain to […] Read more
ICE March 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Profit-taking to pressure canola

Market appearing overdone

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MarketsFarm — ICE Futures canola contracts climbed to record highs during the week ended Wednesday as concerns over tightening old-crop supplies provided support. However, the market was looking overdone to the upside and profit-taking came forward to put some pressure on values. “The traders that are still long are playing the game of forcing the […] Read more

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