Crops
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
Crops
Sollio to exit southwestern Ontario grain handling
Country elevator assets to be sold after harvest, co-op to focus on ag retail
Pulse weekly outlook: Manitoba peas, dry beans showing good results
Early harvests show some 'exceptional' bean yields
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
U.S. grains: Wheat up on new concerns for Black Sea supplies
Corn, soybeans up on slow harvest
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
Benefits of winter crops outweigh the challenges
Depending on seeding conditions, the best approach may be to ‘seed shallow and pray for rain’
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
Bunge to sell oilseed processing business in Russia
Grain firms scaling back Russian business
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
U.S. grains: Wheat falls on Russian production outlook
Exports underpin U.S. soybeans
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
Prairie cash wheat: Bids move higher
U.S. wheat futures gain on week
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
Farmers’ wheat, canola deliveries picking up in West
Commercial canola stocks increase
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
U.S. grains: Soybean futures slump on global demand concerns
Traders eye favourable U.S. harvest weather
Chicago | Reuters — Chicago Board of Trade soybean futures stumbled on Friday as rising crop sales in Argentina and warnings of a recession raised concerns about global demand for U.S. supplies, analysts said. Corn futures ended little changed, while wheat futures advanced. Traders focused on demand for crops, after the U.S. Department of Agriculture […] Read more
Will canola rally?
There’s room for canola prices to recover, but keep an eye on the war in Ukraine, transportation constraints, increasing crush capacity and the cost of crude oil in the coming months
Canola prices dipped after hitting record highs last spring, but could western Canadian producers see a price rally in the weeks ahead? MarketsFarm analyst Bruce Burnett says there’s a good chance prices will recover. In an interview with Grainews in August, Burnett said virtually all commodities — including canola — experienced “a big, macro trade […] Read more