Australia Archives - Page 6 of 24

J.P. Morgan’s estimate puts the market cap of a combined Bunge and Viterra at around US$25 billion.

Bunge, Viterra merger would create global ag trading giant

Companies have some overlap in Canadian crushing

By GFM Network News June 1, 2023

Reuters — A merger of U.S. grains merchant Bunge Ltd. with rival Viterra would grow the combined entity’s businesses in the U.S., Brazil and Australia and may raise competition concerns in parts of Canada and Argentina, where key oilseed processing assets overlap, analysts said. Sources last week said Bunge and Viterra were in talks for […] Read more

A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)

Barley, Crops, Markets, Reuters

Australia reaches deal with China in barley dispute

Trade shift may be 'bad news' for Canada and other exporters

By GFM Network News April 11, 2023

Sydney/Beijing | Reuters — Australia has reached an agreement with China to resolve their dispute over barley imports, the two countries said on Tuesday, a latest sign of improving ties between the major commodity trade partners. Relations between the two had been strained for years, and worsened after Australia called for an inquiry into the […] Read more

Barley, Crops, Markets

Feed weekly outlook: Barley prices still historically high, but face headwinds

Bulk corn delivery remains more convenient

By Phil Franz-Warkentin, GFM Network News April 6, 2023

MarketsFarm — Feed barley bids in Western Canada remain historically strong, despite easing off their highs over the past month and trending lower. With bids of around $410 per tonne into the Lethbridge feedlot alley, feed barley “is still a sell,” according to Mike Jubinville of MarketsFarm, speaking on a webinar. However, he noted there […] Read more

Chickpeas. (Grigorenko/iStock/Getty Images Plus)

Crops, Markets, Pulses

Pulse weekly outlook: Steady world trade expected in 2023

IGC sees firmer demand for dry peas in particular

By Phil Franz-Warkentin, GFM Network News March 22, 2023

MarketsFarm — World trade in chickpeas and lentils is expected to remain relatively steady in 2023, with solid demand from South Asia underpinning markets, according to the latest outlook from the International Grains Council. The IGC sees the world trade in chickpeas in 2023 at about 1.9 million tonnes, which would be unchanged from 2022, […] Read more

The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

Canola, Crops, Markets

USDA sees increased EU canola imports, no extra from Canada

U.S. also projects higher Canadian ending stocks

By Phil Franz-Warkentin, GFM Network News March 9, 2023

MarketsFarm — The European Union will likely import more canola (rapeseed) this year than earlier thought, but any increased movement should come from Australia or Ukraine rather than Canada, according to updated projections from the U.S. Department of Agriculture. USDA raised its forecast for European rapeseed imports during the 2022-23 marketing year by 550,000 tonnes, […] Read more

ICE May 2023 canola with Bollinger bands (20,2). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Upswings likely out of question for canola

Canada's exports expected to ebb

By GFM Network News March 9, 2023

MarketsFarm — Don’t expect any large increases in canola prices any time soon, according to Ken Ball of PI Financial in Winnipeg. In fact, there’s a good chance seen that old-crop canola could fall below its support level of $800 per tonne. Ball said 2022-23 canola ending stocks in Canada could increase because of the […] Read more

Crops

Record winter crop production expected for Australia

Summer crop production seen down on year

By GFM Network News March 6, 2023

MarketsFarm — Australia will see its highest-ever winter crop production thanks to record wheat and canola harvests, according to the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) released Monday. Winter crop production in Australia is estimated at 67.6 million tonnes, up 8.4 per cent from ABARES’ crop […] Read more

Crops, Lentils, Markets

Pulse weekly outlook: India looking for lentils, large Australian crop in play

India extends zero-rate tariff

By Phil Franz-Warkentin, GFM Network News February 1, 2023

MarketsFarm — An extension of zero-rate tariffs on lentils moving into India for another year should be a clear sign that the country is in the market for imports. However, Canadian lentil sales to India face stiff competition, with a large Australian crop likely to limit movement going forward. India announced at the end of […] Read more

The Tipperary cattle station runs primarily Brahman cattle that can handle high heat and low nutrition fodder in the dry season and humid conditions in the wet. Most are sold to markets in Indonesia and Vietnam.

Beef Cattle, Cattleman’s Corner, Livestock

Producing beef over a million acres

It’s a good year for producing cattle in Australia’s Northern Territory

By Chris Mccullough January 30, 2023

There’s no doubt about it — the ongoing increase in beef prices has been a welcome boost to the coffers of the Tipperary Group of cattle stations in Australia’s Northern Territory. However, general manager David Connolly knows he can’t rest on his laurels as the situation could change at any time if market dynamics follow […] Read more

Crops, Markets, Spring Wheat, Winter Wheat

USDA sees little change in Australian, Canadian wheat output

By GFM Network News January 28, 2023

MarketsFarm — There isn’t much in the way of significant changes in the U.S. Department of Agriculture’s (USDA) attaché reports on grain production in Australia and Canada. USDA’s Global Agricultural Information Network (GAIN) office in Canberra pegged Australia’s wheat production for 2022-23 at 37 million tonnes, 400,000 more than the official USDA estimate. In comparison, […] Read more

U.S. criticizes Mexico’s handling of screwworm near border

U.S. grains: Soybean futures edge up as Argentina ends export tax waiver

U.S. livestock: Hog futures hit contract high, herd falls short of estimates

GFM Network News