MarketsFarm – Australia’s wheat crop is not looking good for 2019-20 and it’s more than the ongoing drought that’s to blame. As production in Australia has declined, it has also lost global market share, said a report from a United States Department of Agriculture attaché. Why it matters: As Australian wheat production plummets, do does […] Read more
Australia’s wheat crop troubled
Drought continues, and it’s losing market share in Indonesia and Malaysia
CBOT weekly outlook: Coronavirus, other factors grip markets
MarketsFarm — As fears of a worldwide pandemic of the COVID-19 coronavirus increase, markets, including the Chicago Board of Trade (CBOT), are seen to have been taking a beating. “The perception is, it’s going to get worse, that trade is going to struggle,” said Steve Georgy, president of Allendale Inc. at Fort McHenry, Ill., analogizing […] Read more
CBOT weekly outlook: Commodities hold up while waiting on China
MarketsFarm — There’s no doubt commodities on the Chicago Board of Trade have struggled since the coronavirus outbreak in China, but the situation could be worse, a trader said. “I personally think the markets… are holding up pretty well with all of the negative news,” said Scott Capinegro of Barrington Commodities in Barrington, Ill. Some […] Read more
Prairie cash wheat: Bids mostly weaker on U.S. price declines
MarketsFarm — Bids in Western Canada for the week ended Thursday were steady to lower for Canada Western Red Spring (CWRS), Canada Prairie Spring Red (CPSR) and durum (CWAD) wheats, as declines in U.S. wheat prices weighed on values. The Canadian dollar was up two-10ths of a U.S. cent during the week, which also put […] Read more
Prairie cash wheat: Lower loonie strengthens bids
MarketsFarm — Wheat bids in Western Canada for the week ended Thursday were up for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheat. Bids for Canada Western Amber Durum (CWAD) were steady to higher. The Canadian dollar was down by approximately four-10ths of a cent during the week, which provided support […] Read more
Feed weekly outlook: Buyers not looking to make purchases
MarketsFarm — Feed grain prices were beginning to soften as many buyers don’t have a major need to purchase from growers, said Nelson Neumann, senior trader for Agfinity in Stony Plain, Alta. “There’s still obviously a demand, but buyers are pretty well covered for the February-March timeframe. That’s a window where a lot of growers […] Read more
Rye production likely won’t increase in 2020
MarketsFarm — Strong prices served as an incentive for farmers to plant more rye in 2019, but one grower believes there won’t be as much production in 2020 due to the wet fall. “Winter cereals got seeded, but not the acres guys were planning,” said Brad White, a Saskatchewan farmer and a director with Winter […] Read more
Pulse weekly outlook: More acres sought for 2020
MarketsFarm — Planting intentions for red and green lentils and other pulses have been looking good for 2020 — but that might change somewhat because prices have slipped a little, said Marcos Mosnaim of Globeways Canada in Mississauga. Discussing pulse crops at a farm show last month in Saskatoon, Mosnaim said he got the strong […] Read more
Global export taxes affecting soybean markets
Export taxes are a significant part of Argentinian government spending
The United States Department of Agriculture and the department’s attaché in Buenos Aires differ widely on predictions for Argentina’s 2019-20 soybean ending stocks. Why it matters: Argentina is a significant soybean producer so its ending stocks could have implications for prices on international markets. Although dry conditions have continued to be a concern, especially in […] Read more
Pulse Canada looking to build data inventory for industry
MarketsFarm — Pulse Canada has undertaken a survey of pea and lentil growers to gauge the sector’s environmental footprint and to provide data for a public repository. The survey is a joint project with Alberta Pulse Growers, SaskPulse and Manitoba Pulse and Soybean Growers. The survey is a life cycle assessment of pea and lentil […] Read more
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