CNS Canada – Argentina’s hope for a near-record wheat crop have been dampened by excessive rain and below-average seedings. With planting nearly complete, the United States Department of Agriculture office in Buenos Aires has estimated the Argentine wheat crop at 12.8 million acres. That falls about one million acres below the official USDA forecast of […] Read more
Argentine wheat seedings slowed by rain
Asian taste for western diet boosts Australian wheat
CNS Canada – Vietnam has quietly grown to become Australia’s second largest export destination for wheat. Driving the demand is the iconic banh mi, a Vietnamese baguette-style sandwich filled with pork or chicken and spices. Vietnam imports 1.5 million tonnes of Australian wheat, based on 2016 figures, compared to 380,000 tonnes 10 years ago, said […] Read more
Saskatchewan harvest starts amid heat, dryness concerns
CNS Canada – Some producers in the south have started harvest, according to the latest Saskatchewan Agriculture crop report for the week ended July 31. Less than one per cent of fields have been combined across the province so far, but 47 per cent of fall rye, six per cent of winter wheat, two per […] Read more
Greig: Dairy sector gets funds for technology, less import control than hoped
Over 17,000 tonnes of European cheese to be allowed tariff free under CETA
The Canadian dairy sector got good and bad news yesterday. The federal government announced the long-awaited details of its promised investment program for the dairy sector after it gave up a portion of domestic cheese market in free trade negotiations with Europe. Dairy farms in Canada will be eligible for up to $250,000 per farm […] Read more
Malt barley outlook promising, but harvest quality will be key
CNS Canada – Many questions remain about Western Canada’s malt barley crop, but many analysts appear to expect at least an adequate harvest. Quality concerns and yield reductions will hit farmers in southern areas, but for those with good quality, prices should remain at least steady for the medium term. While analysts cautioned that forecasts […] Read more
Bunge leaves door open to selling itself, cuts 2017 forecast
Chicago/Reuters – Bunge Ltd kept the door open on Wednesday to a sale of the company as it reported a 34 percent drop in quarterly earnings and cut its full-year outlook, but its chief executive officer predicted a grains market rebound that would reverse the slide. CEO Soren Schroder said planned cost cuts should also […] Read more
Mosaic shares tumble on disappointing fertilizer guidance
Reuters – U.S. fertilizer producer Mosaic Co on Tuesday forecast slower phosphate sales and weaker prices for the current quarter, causing shares to plunge as much as 9 percent. The Minnesota-based company predicted third-quarter phosphate sales of 2.2 million to 2.5 million tonnes, down from 2.6 million in the second quarter. Mosaic forecast third-quarter diammonium […] Read more
Durum forecasters predict steady and strong market
CNS Canada – For farmers able to nurse their durum across the finish line this harvest, prices in the winter could make it worth their while. Withering heat and dry conditions have taken a toll on durum yields, especially in southern regions of the Prairies, but analysts like John Duvenaud of the Wild Oats Grain […] Read more
Canadian wheat decline with U.S. futures, rising loonie
CNS Canada – Hard red spring wheat bids in Western Canada lost ground during the week ended July 28, as declines in the US futures and strength in the Canadian dollar both weighed on prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by C$8 to C$11 per tonne […] Read more
French farmers fume as government rejigs EU subsidies
Paris / Reuters – French farm unions cried foul over a government decision on Thursday to use part of European Union direct payments linked to output to finance rural development projects such as fast growing organic farming. The decision comes just days after France launched wide debate on the future of the food sector, aiming to […] Read more
Cyber-Savvy Farmer
