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Corn, Crops, Markets, Reuters

Mexican president moves to prioritize domestic corn for tortillas

Mexico is embroiled in a dispute with the U.S. over decree to limit use of GM corn

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Mexico City | Reuters — Mexico’s president announced on Monday he will sign an agreement this week with makers of the country’s food staple tortillas that ensures they only use non-genetically modified (GM) white corn while also setting new tariffs on imports of the grain. Tariffs on white corn imports from countries that do not […] Read more
Lentils. (Seb_ra/iStock/Getty Images)
Crops, Lentils, Markets, Pulses

Pulse weekly outlook: Fewer growers signing up their green lentils

'A lot of interest' seen for red lentils

By
MarketsFarm — There has been a divergence of prices between green and red lentils so far in 2023, according to Levon Sargsyan of Johnston Grains at Weyburn, Sask. Sargsyan said he hasn’t seen too many acres of green lentils signed up for this year, while it’s the opposite case for the reds. “I’m seeing some […] Read more
(Flaman Group video screengrab via YouTube)
Crops, Machinery

Farm groups push for Bill C-234 passage

Ag groups concerned that carbon tax exemption bill won’t clear Senate before break

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Prairie farm groups are pushing the Senate to prioritize a bill that would exempt propane and natural gas for grain drying and barn heating from carbon tax. In a joint statement June 13, Keystone Agricultural Producers, the Alberta Federation of Agriculture and the Agricultural Producers Association of Saskatchewan urged the Senate to pass Bill C-234 […] Read more
Liberia-flagged bulker K Sukret, carrying grain under the Black Sea Grain Initiative, waits for inspection in the southern anchorage of Istanbul on May 17, 2023. (Photo: Reuters/Mehmet Emin Caliskan)
Crops, Markets, Reuters

Black Sea grain shipments shrink amid Ukraine deal doubts, Cargill exec says

'Grey/black' fleet seen handling more Russian traffic

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London | Reuters — South American grain exports are set to overshadow Black Sea shipments this year as doubts grow over a U.N.-backed Ukraine deal and international traders cut commercial activities in Russia, a top executive with major commodities group Cargill said. The Black Sea grain deal, which allows the safe passage of grains through […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Spring wheat bids higher, durum down

Not much rain outside northern, central Alberta

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MarketsFarm — Warmer-than-normal temperatures and ongoing dryness in both Western Canada and the U.S. helped raise Prairie wheat bids for the week ended Thursday. Rains fell onto parts of northern and central Alberta on Thursday, but the rest of the Prairies only saw sporadic showers, if any, during the week. Traders on the Chicago Board […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE canola futures see record daily trade volume

Previous record trading day was in 2014

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MarketsFarm — The ICE Futures canola market on Friday saw its busiest day ever, with over 90,000 contracts traded during the session, according to preliminary data. Intermonth spreading accounted for roughly half of the trade volumes on Friday as investors were busy rolling out of the front month. Daily trade volumes in canola are typically […] Read more
CBOT July 2023 corn with Bollinger bands (20,2) and December 2023 corn (orange line). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy, wheat set multi-month highs on weather worries

U.S. markets closed Monday for Juneteenth

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Chicago | Reuters — U.S. corn, soybean and wheat futures all closed higher on Friday and all set multi-month highs during the session as worries about stressful dry conditions in key portions of the Midwest prompted a flurry of buying ahead of a three-day holiday weekend, analysts said. “We have an issue here in the […] Read more
File photo of barley being loaded off the combine. (Collab Media/iStock/Getty Images)
Barley, Crops, Markets, Reuters

Australia expects ‘favourable decision’ from China on barley

Heavy tariffs in place since 2020

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Sydney | Reuters — Australia is expecting a positive decision over the next two weeks from China to fully settle a dispute over barley tariffs, Trade Minister Don Farrell said Thursday. “We are expecting in the next couple of weeks a favourable decision on the tariffs that has prevented Australian barley going into China,” Farrell […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Corn, Crops, Markets

Feed weekly outlook: Prices, shipments steady as dryness continues

Drought 'priced into the market already'

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MarketsFarm — Demand for feed grains at Alberta feedlots continues unabated as more corn from the United States makes its way into the province. “Demand at feedlots has been status quo. Feedlots are buying imported U.S. corn and DDGS. Along with that, there is also barley and feed wheat. They are getting enough supplies right […] Read more

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