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Crops Crops

ICE November 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Seasonal upturn possible for canola

'Good underlying support' seen in futures

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MarketsFarm — ICE Futures canola contracts may soon be due for a seasonal turn higher as harvest pressure subsides and prices should be looking very attractive to end users. However, uncertain outside influences will still dictate the overall direction. “The field certainly gets muddied by issues of geopolitics,” said MarketsFarm analyst Mike Jubinville, pointing to […] Read more
Internally displaced Ethiopians queue to receive food aid in the Higlo camp for people displaced by drought, at the town of Gode in Ethiopia’s Somali region on April 26, 2022. (Photo: Reuters/Tiksa Negeri)
Crops, Reuters, Weather

Nearly a million people face starvation in hunger hotspots, U.N. agencies report

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London | Reuters — Nearly one million people in Afghanistan, Ethiopia, South Sudan, Somalia and Yemen are starving or will face starvation this year in the absence of aid, as the global food crisis worsens, United Nations agencies warned on Wednesday. Local conflict and weather extremes remain the primary drivers of acute hunger, aggravated this […] Read more
(Sollio Agriculture photo)
Crops

Sollio to exit southwestern Ontario grain handling

Country elevator assets to be sold after harvest, co-op to focus on ag retail

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One of Canada’s biggest ag co-operatives is moving ahead on plans to “optimize assets” by shedding its stake in grain handling in southwestern Ontario and focusing more closely on retail ag inputs. Sollio Agriculture, the agribusiness arm of Quebec-based Sollio Cooperative Group, on Tuesday announced it will start “an orderly wind-down” of its Ontario Grain […] Read more
File photo of black beans. (Nhattienphoto/iStock/Getty Images)
Crops, Peas, Pulses, Weather

Pulse weekly outlook: Manitoba peas, dry beans showing good results

Early harvests show some 'exceptional' bean yields

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MarketsFarm — Harvests of Manitoba’s two major pulse crops are already seeing high yields, according to Manitoba Pulse and Soybean Growers (MPSG) executive director Daryl Domitruk. Despite a wide range of results across the province, Domitruk added that dry field pea yields were respectable in many places and excellent in others, marking a successful harvest […] Read more
CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat up on new concerns for Black Sea supplies

Corn, soybeans up on slow harvest

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Chicago | Reuters — Chicago wheat futures climbed on Tuesday after a day-earlier slide, underpinned by renewed fears about Black Sea supplies, traders said. Soybeans and corn also firmed, supported by slower-than-expected progress in the U.S. harvest. The most-traded wheat contract on the Chicago Board of Trade (CBOT) gained 63-1/4 cents to $8.93-3/4 a bushel, […] Read more
Larry Penner plans on including winter cereal crops in his rotation for several reasons – it spreads out the workload, benefits wildlife, improves weed control and, at the end of the day, the crops are also profitable.
Cereals, Crops, Features

Benefits of winter crops outweigh the challenges

Depending on seeding conditions, the best approach may be to ‘seed shallow and pray for rain’

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As the calendar rolls around to August and September each year, south-central Alberta farmer Larry Penner finds himself in two time zones — seeding time and harvest time. For a good part of his farming career, Penner has been a believer of including a winter cereal crop in rotation. He says the timing can be […] Read more
(BungeMOE.com)
Crops, Reuters

Bunge to sell oilseed processing business in Russia

Grain firms scaling back Russian business

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Reuters — Agricultural commodities trader Bunge said Monday it has agreed to sell its oilseed processing business in Russia to Karen Vanetsyan, the controlling shareholder of Exoil Group. The sale includes the sunflower processing plant in Voronezh. Bunge and its rivals ADM, Cargill and Louis Dreyfus — part of the so-called ABCD quartet of global […] Read more
CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 spring wheat (yellow line) and K.C. December 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat falls on Russian production outlook

Exports underpin U.S. soybeans

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Chicago | Reuters — Chicago wheat fell on Monday on an expected increase in Russia’s crop that will compete with U.S. exports, already hampered by a strong U.S. dollar, traders said. Soybeans were underpinned by Chinese export demand, while corn ended up slightly after two-sided trade on broader economic uncertainty. Chicago Board of Trade most […] Read more
MGEX December 2022 spring wheat (candlesticks) with K.C. December 2022 hard red wheat (yellow line) and CBOT December 2022 soft red wheat (orange line). (Barchart)
Crops, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids move higher

U.S. wheat futures gain on week

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MarketsFarm — Spring wheat bids in Western Canada strengthened during the week ended Thursday, as gains in U.S. futures and weakness in the Canadian dollar provided support. The advances came despite seasonal harvest pressure and an upward revision to Statistics Canada’s production estimate for the country’s spring wheat crop. Average Canada Western Red Spring (CWRS, […] Read more
(Viterra.ca)
Crops, Markets

Farmers’ wheat, canola deliveries picking up in West

Commercial canola stocks increase

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MarketsFarm — The advancing Prairie harvest has seen an increase in farmer deliveries of grains and oilseeds into the commercial pipeline, according to the latest weekly data from the Canadian Grain Commission. Export activity for canola remains very light through the first six weeks of the 2022-23 crop year, but growing supplies in the commercial […] Read more

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